Slide Insurance (SLDE) risk chief exercises options, sells 10,000 pre-planned shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings Chief Risk Officer Matthew Paul Larson exercised options to acquire 10,000 shares of common stock at $0.79 per share and sold the 10,000 shares at a weighted average price of about $18.00. These transactions were carried out on April 13, 2026 under a pre-arranged Rule 10b5-1 trading plan. After the exercise, 21,250 stock options remained outstanding and all reported common shares from this transaction were sold.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($180,000)
Net Sell
3 txns
Insider
LARSON MATTHEW PAUL
Role
Chief Risk Officer
Sold
10,000 shs ($180K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $0.79 | $8K |
| Sale | Common Stock | 10,000 | $18.00 | $180K |
Holdings After Transaction:
Stock Option (Right to Buy) — 21,250 shares (Direct);
Common Stock — 10,000 shares (Direct)
Footnotes (1)
- Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 4, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $17.92 to $18.03 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. These stock options are fully vested and exercisable.
Key Figures
Options exercised: 10,000 shares
Option exercise price: $0.79/share
Shares sold: 10,000 shares
+3 more
6 metrics
Options exercised
10,000 shares
Stock Option (Right to Buy) exercised on April 13, 2026
Option exercise price
$0.79/share
Conversion or exercise price for options into common stock
Shares sold
10,000 shares
Common stock open-market sale on April 13, 2026
Reported sale price
$18.00/share
Weighted average sale price; range $17.92–$18.03
Options remaining
21,250 options
Stock options outstanding following the derivative transaction
Common shares after sale
0 shares
Total common shares directly held from this transaction after sale
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy, fully vested and exercisable, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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)""
fully vested and exercisable financial
"These stock options are fully vested and exercisable."
weighted average price financial
"Represents the weighted average price of the shares sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
What did SLDE’s Chief Risk Officer report in this Form 4?
Slide Insurance Holdings’ Chief Risk Officer Matthew Paul Larson reported exercising 10,000 stock options at $0.79 and selling 10,000 common shares at a weighted average price of about $18.00. The transactions occurred on April 13, 2026 under a Rule 10b5-1 trading plan.
Was the SLDE insider transaction a discretionary trade or pre-planned?
The SLDE insider transactions were pre-planned. The filing states the options were exercised and shares sold pursuant to a Rule 10b5-1 trading plan adopted on December 4, 2025, indicating the timing was scheduled in advance rather than decided opportunistically.
How many Slide Insurance options does the insider still hold after this filing?
After the reported exercise, the Form 4 shows Larson with 21,250 stock options remaining following the derivative transaction. A footnote explains these stock options are fully vested and exercisable, meaning they can be converted into common shares subject to his decisions.