Slide Insurance (SLDE) insider-linked entities sell 52,690 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and executive Lucas Shannon reported open-market sales of 52,690 shares of common stock associated with entities he is related to. On April 9, 2026, Securus Risk Management LLC sold 27,069 shares at a weighted average price of $18.11 per share, and on April 13, 2026 it sold 25,621 shares at a weighted average price of $18.05 per share, all under a pre-arranged Rule 10b5-1 trading plan.
After these sales, Securus Risk Management LLC held 1,401,448 shares of Slide Insurance common stock, while Shannon also held 208,101 shares directly. Footnotes indicate substantial additional indirect holdings through his spouse and related trusts and LLCs, and state that he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 52,690 shares ($952,679)
Net Sell
8 txns
Insider
Lucas Shannon
Role
President & COO
Sold
52,690 shs ($953K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,621 | $18.05 | $462K |
| Sale | Common Stock | 27,069 | $18.11 | $490K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,401,448 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 208,101 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 $18.22 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 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.15 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. 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 532,757 shares of common stock between April 9-13, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.22 per share. 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. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person's spouse 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's spouse 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 of common stock held 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.
Key Figures
Shares sold April 9, 2026: 27,069 shares at $18.11
Shares sold April 13, 2026: 25,621 shares at $18.05
Total reported shares sold: 52,690 shares
+4 more
7 metrics
Shares sold April 9, 2026
27,069 shares at $18.11
Open-market sale by Securus Risk Management LLC
Shares sold April 13, 2026
25,621 shares at $18.05
Open-market sale by Securus Risk Management LLC
Total reported shares sold
52,690 shares
Net open-market sales in this Form 4
Securus holding after sales
1,401,448 shares
Indirectly held through Securus Risk Management LLC
Direct holding after transactions
208,101 shares
Common stock held directly by Lucas Shannon
Spouse’s sales referenced
532,757 shares
Shares sold by spouse between April 9–13, 2026
Price range of spouse’s sales
$18.00–$18.22 per share
Common stock sold under 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +2 more
6 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.
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.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein"
Grantor Retained Annuity Trust financial
"held by the Reporting Person's spouse through 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.
indirect ownership financial
"The securities reported herein are held by Securus Risk Management LLC, which is an entity controlled by the Reporting Person."
FAQ
What insider transactions did Slide Insurance (SLDE) report for Lucas Shannon?
Slide Insurance reported that entities associated with Lucas Shannon executed open-market sales totaling 52,690 common shares. These occurred on April 9 and April 13, 2026 at weighted average prices just above $18 per share, as disclosed in a Form 4 filing.
Did the Slide Insurance (SLDE) insider trades occur under a Rule 10b5-1 plan?
Yes. The filing states the sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. Such plans pre-schedule trades, indicating these transactions were prearranged rather than timed in response to short-term market developments.
What Slide Insurance (SLDE) holdings does Lucas Shannon report after these transactions?
The Form 4 shows 208,101 Slide Insurance shares held directly by Lucas Shannon, plus 1,401,448 shares held through Securus Risk Management LLC. Footnotes also describe substantial additional indirect holdings through his spouse and various trusts and LLCs.