Slide Insurance (SLDE) insider files Form 4 disclosing 22,918 RSUs and large indirect holdings
Rhea-AI Filing Summary
Reporting person: The form lists the reporting person as "Lucas Shannon" with an address at Slide Insurance Holdings, Inc.; the signature block references Jesse Schalk, Attorney-in-Fact for Shannon Lucas.
On 09/30/2025 the reporting person was credited with 22,918 restricted stock units (RSUs) that convert 1-for-1 to common stock. After the reported transactions the filing shows 206,264 shares directly beneficially owned and multiple significant indirect holdings: 1,650,000 shares held by Securus Risk Management, LLC and trusts/vehicles totaling millions of shares held indirectly by family-related trusts and spouse accounts. The RSUs vest in 24 equal monthly installments from 01/01/2025 through 12/31/2026.
Positive
- RSU vesting disclosed: 22,918 restricted stock units recorded on 09/30/2025, converting 1-for-1 to common stock
- Clear vesting schedule: RSUs vest in 24 equal monthly installments from 01/01/2025 through 12/31/2026
- Comprehensive ownership disclosure: Filing lists direct and multiple indirect holdings including entity and trust holdings
Negative
- Concentration of indirect holdings: Large indirect positions are held through spouse, trusts and Securus Risk Management, LLC (e.g., 1,650,000 shares via Securus; 39,875,000 shares via spouse vehicle)
- Potential complexity for investors: Multiple indirect ownership blocks and disclaimers may complicate assessment of actual beneficial control
Insights
TL;DR: Routine insider vesting increased reported direct and derivative holdings; material indirect holdings are held through related entities and spouse.
The filing records a standard vesting event: 22,918 RSUs were recorded on 09/30/2025, each converting to one share, and vesting occurs monthly across 2025-2026. Direct beneficial ownership after the transaction is 206,264 shares, and derivative holdings include 345,735 RSUs listed as derivative beneficial ownership. Significant indirect positions are disclosed: 1,650,000 shares via Securus Risk Management, LLC and multi-million-share interests held through named trusts and spouse-designated entities. From an analyst perspective this is a disclosure of compensation vesting and affiliated-party ownership rather than a market-facing transaction like an open-market sale.
TL;DR: Disclosure details compensation vesting and the presence of large affiliated/related-party holdings; reporting complies with Section 16 formatting.
The document identifies the reporting person as a director, 10% owner and an officer (CRO & COO). It discloses both direct and multiple indirect holdings, with explicit disclaimers that the reporter disclaims beneficial ownership of certain spouse- and entity-held shares except to the extent of pecuniary interest. The signature is by an attorney-in-fact, which is properly noted. This filing appears to be a routine, compliant Form 4 reporting vested RSUs and affiliated-party holdings rather than an operational or governance event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | -- |
| Exercise | Common Stock | 22,918 | $0.00 | -- |
| Exercise | Common Stock | 22,918 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The securities reported herein are held by Securus Risk Management LLC, which is an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of her 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. 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 her 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. Represent shares of common stock beneficially owned by the reporting person's spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014. The reporting person disclaims beneficial ownership of these securities except to the extent of her 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. Represent shares of common stock beneficially owned by the reporting person's spouse through IIM Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of her 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. 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.
FAQ
Who is the reporting person on this Form 4 for SLDE?
What transaction occurred on 09/30/2025 in the SLDE Form 4?
Are there significant indirect holdings disclosed in the Form 4 for SLDE?
What is the vesting schedule for the restricted stock units reported?
