Slide Insurance (SLDE) CRO exercises options, sells 11,250 shares at $18
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. Chief Risk Officer Matthew Paul Larson exercised options and sold shares in a planned transaction. On April 6, he exercised stock options to acquire 11,250 shares of common stock at $0.79 per share, then sold 11,250 shares at $18.00 per share in an open-market transaction.
The filing notes these fully vested options were exercised and sold pursuant to a Rule 10b5-1 trading plan adopted on December 4, 2025, indicating the trades were pre-scheduled rather than discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 11,250 shares ($202,500)
Net Sell
3 txns
Insider
LARSON MATTHEW PAUL
Role
Chief Risk Officer
Sold
11,250 shs ($203K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 11,250 | $0.00 | -- |
| Exercise | Common Stock | 11,250 | $0.79 | $9K |
| Sale | Common Stock | 11,250 | $18.00 | $203K |
Holdings After Transaction:
Stock Option (Right to Buy) — 31,250 shares (Direct);
Common Stock — 11,250 shares (Direct)
Footnotes (1)
- Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 4, 2025. These stock options are fully vested and exercisable.
Key Figures
Options exercised: 11,250 shares
Exercise price: $0.79 per share
Shares sold: 11,250 shares
+3 more
6 metrics
Options exercised
11,250 shares
Stock options exercised on April 6, 2026
Exercise price
$0.79 per share
Stock Option (Right to Buy) conversion price
Shares sold
11,250 shares
Common stock sold on April 6, 2026
Sale price
$18.00 per share
Open-market common stock sale
Options expiration
February 21, 2032
Original expiration date of exercised options
Common shares after sale
0 shares
Directly owned common stock following reported sale
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy, open-market sale, fully vested and exercisable
4 terms
Rule 10b5-1 trading plan financial
"Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (Right to Buy financial
"security_title: Stock Option (Right to Buy)"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
fully vested and exercisable financial
"These stock options are fully vested and exercisable."
FAQ
What insider transaction did Slide Insurance (SLDE) report for Matthew Paul Larson?
Slide Insurance reported that Chief Risk Officer Matthew Paul Larson exercised stock options for 11,250 shares, then sold 11,250 common shares at $18.00 each. The options had a $0.79 exercise price and were fully vested and exercisable before the transaction.
Was the Slide Insurance (SLDE) insider trade made under a Rule 10b5-1 plan?
Yes. The Form 4 states the options were exercised and the shares sold pursuant to a Rule 10b5-1 trading plan adopted by Matthew Paul Larson on December 4, 2025. Such pre-arranged plans typically indicate routine, pre-scheduled portfolio transactions.
What type of derivative security did the Slide Insurance (SLDE) insider exercise?
He exercised a Stock Option (Right to Buy) covering 11,250 underlying shares of Slide Insurance common stock at an exercise price of $0.79. The filing notes these stock options were fully vested and exercisable before the transaction and originally expired on February 21, 2032.