Slide Insurance CEO exercises 1M stock options
Slide Insurance Holdings, Inc. Chief Executive Officer Bruce Lucas exercised stock options covering 1,000,000 shares of common stock at an exercise price of 0.0018 per share, increasing his directly held common stock to 2,179,244 shares.
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. Chief Executive Officer Bruce Lucas exercised stock options covering 1,000,000 shares of common stock at an exercise price of 0.0018 per share, increasing his directly held common stock to 2,179,244 shares. The fully vested options now represent 650,000 underlying shares and remain exercisable until October 7, 2031. Lucas is also associated with indirect holdings, including 34,506,199 shares held by IIM Holdings II, LLC and 1,925,000 shares in each of two irrevocable trusts, while he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000,000 shares exercised/converted
Exercise
7 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy( F6 | 1,000,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,000,000 | $0.0018 | $2K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy( — 650,000 contracts (Direct);
Common Stock — 2,179,244 shares (Direct);
Common Stock — 34,506,199 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,366,555 shares (Indirect, By Spouse);
Common Stock — 1,925,000 shares (Indirect, By Emma Cloonen Irrevocable Trust);
Common Stock — 1,925,000 shares (Indirect, By Ava Cloonen Irrevocable Trust)
Footnotes (6)
- F1. The securities reported herein are held by IIM Holdings II, LLC, which is an entity controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F2. Represent shares of common stock beneficially owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. Represent shares of common stock beneficially owned by the Reporting Person's spouse through Securus Risk Management LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F5. Represent shares held through the Ava Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F6. These stock options are fully vested and exercisable.
Key Figures
Options exercised: 1,000,000.0000 shares
Exercise price: 0.0018 per share
Direct common shares after transaction: 2,179,244.0000 shares
+4 more
7 metrics
Options exercised
1,000,000.0000 shares
Stock options exercised into common stock on 2026-07-27
Exercise price
0.0018 per share
Exercise or conversion price for the stock options
Direct common shares after transaction
2,179,244.0000 shares
Common stock directly held by Bruce Lucas following the option exercise
Remaining stock options
650,000.0000 shares
Options remaining after exercising 1,000,000 underlying shares
Indirect shares via IIM Holdings II, LLC
34,506,199.0000 shares
Common stock held by IIM Holdings II, LLC, an entity controlled by the Reporting Person
Emma Cloonen Irrevocable Trust holdings
1,925,000.0000 shares
Indirect common stock held through the Emma Cloonen Irrevocable Trust
Ava Cloonen Irrevocable Trust holdings
1,925,000.0000 shares
Indirect common stock held through the Ava Cloonen Irrevocable Trust
Key Terms
Stock Option, derivative security, beneficial ownership, pecuniary interest, +1 more
5 terms
Stock Option financial
"The security title includes “Stock Option (Right to Buy(” for the derivative entry"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Transaction code description notes “Exercise or conversion of derivative security”"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficial ownership regulatory
"Footnotes state the Reporting Person disclaims beneficial ownership of certain securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Footnotes limit ownership “except to the extent of his pecuniary interest therein”"
Section 16 regulatory
"Footnotes reference “for purposes of Section 16 or for any other purpose”"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Slide Insurance (SLDE) CEO Bruce Lucas report?
Bruce Lucas reported exercising stock options for 1,000,000 Slide Insurance common shares at an exercise price of 0.0018 per share. Following this transaction, his directly held common stock position increased to 2,179,244 shares, based on the reported post-transaction ownership figures.
At what price were Bruce Lucas’s Slide Insurance (SLDE) options exercised?
The options were exercised at 0.0018 per share. One entry lists this as the exercise or conversion price for the stock options, and the corresponding common stock transaction shows the same per‑share amount as the transaction price for the 1,000,000 shares acquired.
What indirect Slide Insurance (SLDE) holdings are associated with Bruce Lucas?
Indirect holdings include 34,506,199 Slide Insurance shares held by IIM Holdings II, LLC, plus 1,925,000 shares in the Emma Cloonen Irrevocable Trust and 1,925,000 shares in the Ava Cloonen Irrevocable Trust. Footnotes also reference additional spouse and spouse‑entity holdings with disclaimed beneficial ownership.
Are the Slide Insurance (SLDE) options exercised by Bruce Lucas fully vested?
Yes. A footnote explicitly states, “These stock options are fully vested and exercisable.” This means the reported option grant was fully vested at the time of the 1,000,000-share exercise and did not depend on any future service or performance conditions.
Was Bruce Lucas’s Slide Insurance (SLDE) option exercise under a Rule 10b5-1 plan?
The transaction is not reported as occurring under a Rule 10b5-1 trading plan. The report’s Rule 10b5-1 affirmation field is not checked, and the accompanying footnotes do not describe the option exercise as executed pursuant to any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
