Slide Insurance CEO-linked entity sells 152,641 shares
Slide Insurance Holdings, Inc. director and CEO Bruce Lucas reported a series of insider equity movements.
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Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and CEO Bruce Lucas reported a series of insider equity movements. IIM Holdings II, LLC, an entity he controls, sold a total of 152,641 shares of common stock in open-market trades at prices around $18.77–$18.88 per share pursuant to a Rule 10b5-1 trading plan.
After these sales, IIM Holdings II, LLC still holds 36,418,363 shares. The filing also shows 22,918 restricted stock units vesting for his spouse and a related exercise into common shares, with 9,019 shares withheld to cover tax obligations, and Lucas holding 1,150,445 shares directly afterward.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
Sold
152,641 shs ($2.87M)
Approx. gross sale proceeds
$2.87M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 67,205 | $18.88 | $1.27M |
| Sale | Common Stock | 85,436 | $18.77 | $1.60M |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,019 | $18.65 | $168K |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 185,307 contracts (Direct);
Restricted Stock Unit — 185,307 contracts (Indirect, By Spouse);
Common Stock — 1,151,445 shares (Direct);
Common Stock — 36,418,363 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,530,133 shares (Indirect, By Spouse);
Common Stock — 2,575,837 shares (Indirect, By Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014);
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 (12)
- F1. Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025.
- F2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.75 to $18.90 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F3. 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.
- F4. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.80 to $19.06 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F5. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,918 restricted stock units on April 30, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith.
- F6. 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.
- F7. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 15,097 shares of common stock between May 1-4, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.75 to $19.06 per share.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock
- F12. These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the Reporting Person's continued employment or service through each applicable vesting date.
Key Figures
Open-market shares sold: 152,641 shares
Sale price on May 4, 2026: $18.88 per share
Sale price on May 1, 2026: $18.77 per share
+5 more
8 metrics
Open-market shares sold
152,641 shares
Net shares sold by IIM Holdings II, LLC in May 2026
Sale price on May 4, 2026
$18.88 per share
67,205 shares of common stock sold
Sale price on May 1, 2026
$18.77 per share
85,436 shares of common stock sold
Indirect holdings via IIM Holdings II, LLC
36,418,363 shares
Common stock held after May 4, 2026 sale
Direct holdings after April 30, 2026
1,150,445 shares
Common stock held by Bruce Lucas after F and M transactions
RSUs exercised/vested
22,918 units
Restricted stock units converting into common stock on April 30, 2026
Shares withheld for taxes
9,019 shares
Withheld at $18.65 per share for tax liability
Spouse indirect holdings
1,308,133 shares
Common stock owned by spouse after RSU vesting and sales
Key Terms
Rule 10b5-1 trading plan, restricted stock unit, Grantor Retained Annuity Trust, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025."
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.
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Grantor Retained Annuity Trust financial
"Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SLDE CEO Bruce Lucas report in this Form 4?
Bruce Lucas reported entity-level open-market sales of 152,641 Slide Insurance Holdings shares via IIM Holdings II, LLC at prices around $18.77–$18.88, along with vesting and exercise of 22,918 restricted stock units and related tax withholding of 9,019 shares.
Were the SLDE insider stock sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025, indicating the sale timing was pre-arranged rather than discretionary, which often signals routine portfolio management by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
