Slide Insurance (SLDE) exec details planned stock sales, RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. President & COO Lucas Shannon reported a mix of planned stock sales and equity compensation events involving his direct holdings and entities associated with him. Entities he controls, including Securus Risk Management LLC and his spouse’s accounts, net sold 15,097 shares of common stock in open-market transactions at prices around $18.77–$18.88 per share under a pre-arranged Rule 10b5-1 trading plan. In addition, 22,918 restricted stock units vested for his spouse, with 9,019 shares withheld to cover tax liabilities, and corresponding shares were acquired as common stock. Following these transactions, Shannon holds 222,000 shares directly, while Securus Risk Management LLC holds 1,308,133 shares of common stock indirectly associated with him.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,097 shares ($284,102)
Net Sell
11 txns
Insider
Lucas Shannon
Role
President & COO
Sold
15,097 shs ($284K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,647 | $18.88 | $125K |
| Sale | Common Stock | 8,450 | $18.77 | $159K |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | -- |
| Exercise | Common Stock | 22,918 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,019 | $18.65 | $168K |
| Exercise | Common Stock | 22,918 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,308,133 shares (Indirect, By Securus Risk Management, LLC);
Restricted Stock Unit — 185,307 shares (Direct, null);
Restricted Stock Unit — 185,307 shares (Indirect, By Spouse);
Common Stock — 231,019 shares (Direct, null)
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 $18.75 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. 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 $18.80 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. 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. 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 152,641 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. 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. 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
Net shares sold: 15,097 shares
Sale on May 4, 2026: 6,647 shares at $18.88
Sale on May 1, 2026: 8,450 shares at $18.77
+5 more
8 metrics
Net shares sold
15,097 shares
Net open-market sales in this Form 4
Sale on May 4, 2026
6,647 shares at $18.88
Open-market sale via associated entity
Sale on May 1, 2026
8,450 shares at $18.77
Open-market sale via associated entity
Spouse plan sales
152,641 shares
Shares sold by spouse May 1–4, 2026 under 10b5-1 plan
RSUs vested
22,918 units
Restricted stock units vesting on April 30, 2026
Tax withholding shares
9,019 shares
Shares withheld to cover tax liability on RSU vesting
Direct holdings after transactions
222,000 shares
Common stock held directly by Lucas Shannon
Securus holdings
1,308,133 shares
Common stock held by Securus Risk Management LLC
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit, pecuniary interest, beneficial ownership, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"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.
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest"
beneficial ownership regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported shares"
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.
Grantor Retained Annuity Trust financial
"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.
tax liability financial
"withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith"
FAQ
What insider stock transactions did SLDE executive Lucas Shannon report?
Lucas Shannon reported open-market sales totaling 15,097 Slide Insurance (SLDE) shares at about $18.77–$18.88 per share. These trades were made by entities associated with him, including Securus Risk Management LLC, and occurred under a pre-arranged Rule 10b5-1 trading plan.
Were the recent SLDE stock sales by Lucas Shannon pre-planned?
Yes. The filing states the sales were executed under a Rule 10b5-1 trading plan adopted on November 21, 2025. Such plans schedule trades in advance, making them more routine and less tied to short-term news or discretionary timing decisions.
What happened with Lucas Shannon’s restricted stock units in this SLDE Form 4?
The filing shows 22,918 restricted stock units tied to Slide Insurance vested for his spouse and converted into common shares. Of these, 9,019 shares were withheld to cover associated tax liabilities, a common mechanism for settling taxes on equity compensation.