Slide (SLDE) CEO-linked entity sells 391K shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings’ CEO Bruce Lucas reported a mix of stock sales and equity vesting activity. An entity he controls, IIM Holdings II, LLC, sold a net 391,155 shares of common stock between March 30 and April 1, 2026 in open-market transactions under a Rule 10b5-1 trading plan, at prices generally around $18 per share.
On March 31, 2026, 45,838 restricted stock units for the reporting person and his spouse converted into common shares at a $0.00 exercise price, with 9,019 shares withheld at $18.00 per share to cover tax liabilities. After these transactions, Lucas directly held 1,137,546 common shares, with additional indirect holdings through his spouse, IIM Holdings II, LLC, a Grantor Retained Annuity Trust, and two irrevocable trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 391,155 shares ($7,077,762)
Net Sell
12 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
Sold
391,155 shs ($7.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,771 | $18.01 | $158K |
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | -- |
| Sale | Common Stock | 247,008 | $18.10 | $4.47M |
| Exercise | Common Stock | 22,919 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,019 | $18.00 | $162K |
| Exercise | Common Stock | 22,919 | $0.00 | -- |
| Sale | Common Stock | 135,376 | $18.09 | $2.45M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,266,626 shares (Indirect, By IIM Holdings II, LLC);
Restricted Stock Unit — 208,225 shares (Direct);
Restricted Stock Unit — 208,225 shares (Indirect, By Spouse);
Common Stock — 1,146,565 shares (Direct)
Footnotes (1)
- Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.21 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. 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.21 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.05 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,919 restricted stock units on March 31, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith. 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 38,686 shares of common stock between March 30 through April 1, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.21 per share. 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. 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. 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. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock 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: 391,155 shares
Example sale price: $18.10 per share
Direct shares after transaction: 1,137,546 shares
+5 more
8 metrics
Open-market shares sold
391,155 shares
Net common stock sales by IIM Holdings II, LLC per transaction summary
Example sale price
$18.10 per share
Common Stock sale on March 31, 2026
Direct shares after transaction
1,137,546 shares
Common Stock directly owned by reporting person after March 31, 2026
RSUs exercised
45,838 units
Restricted stock units converting into common stock for reporting person and spouse
Shares withheld for taxes
9,019 shares
Tax-withholding disposition at $18.00 per share on March 31, 2026
Indirect spouse holdings
1,490,929 shares
Common Stock beneficially owned by reporting person’s spouse after transactions
Emma Cloonen trust holdings
1,925,000 shares
Common Stock held through Emma Cloonen Irrevocable Trust
Ava Cloonen trust holdings
1,925,000 shares
Common Stock held through Ava Cloonen Irrevocable Trust
Key Terms
10b5-1 trading plan, restricted stock unit, pecuniary interest, Grantor Retained Annuity Trust, +2 more
6 terms
10b5-1 trading plan financial
"Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
restricted stock unit financial
"The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,919 restricted stock units"
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.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
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.
tax liability financial
"withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith"
vest in 24 equal monthly installments financial
"These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025"
FAQ
What insider trades did Slide Insurance (SLDE) report for Bruce Lucas?
Slide Insurance reported that an entity controlled by CEO Bruce Lucas sold 391,155 common shares in open-market transactions around $18 per share, while restricted stock units for Lucas and his spouse vested into common stock with a portion of shares withheld to cover taxes.
Were Bruce Lucas’s Slide Insurance (SLDE) stock sales pre-planned?
Yes. The filing states that shares were sold pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. Such plans schedule trades in advance, so the timing of these sales on specific March and April 2026 dates followed that pre-arranged plan.
What happened to Bruce Lucas’s restricted stock units in this Slide (SLDE) filing?
On March 31, 2026, 45,838 restricted stock units for Bruce Lucas and his spouse converted into Slide common shares at a $0.00 exercise price. For the spouse’s vesting, 9,019 shares of common stock were withheld at $18.00 per share to satisfy the related tax liability.