Slide Insurance (SLDE) president’s entity sells 47,668 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director, President & COO and 10% owner Lucas Shannon reported indirect open-market sales of company stock through an affiliated entity. Securus Risk Management LLC, which is controlled by Shannon, sold 47,668 shares of common stock between April 27–29, 2026 at weighted average prices ranging from about $18.60 to $19.78 per share, under a Rule 10b5-1 trading plan adopted on November 21, 2025. After these trades, Securus Risk Management LLC still held 1,323,230 shares of SLDE common stock, while Shannon also held 208,101 shares directly and significant additional indirect holdings through his spouse and related trusts. A footnote states that Shannon’s spouse sold 481,983 shares between April 27–29, 2026 under a separate 10b5-1 plan, with similar price ranges.
Positive
- None.
Negative
- None.
Insights
Insider-associated entities reported pre-planned net share sales while retaining large positions.
The filing shows that Securus Risk Management LLC, an entity controlled by Lucas Shannon, sold 47,668 shares of Slide Insurance Holdings (SLDE) common stock in open-market transactions at prices around $18.75–$19.24 per share. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than timed discretionarily.
Following these sales, Securus Risk Management LLC still held 1,323,230 shares, and Shannon also had 208,101 shares held directly plus sizable indirect positions through his spouse and related entities, including trusts. A footnote notes that Shannon’s spouse sold 481,983 shares between April 27–29, 2026 under a separate 10b5-1 plan at prices from $18.60 to $19.78 per share. Overall, the transactions modestly reduce insider-associated holdings but leave a substantial remaining ownership stake.
Insider Trade Summary 10b5-1
Net Seller: 47,668 shares ($905,942)
Net Sell
9 txns
Insider
Lucas Shannon
Role
President & COO
Sold
47,668 shs ($906K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,917 | $19.24 | $364K |
| Sale | Common Stock | 15,251 | $18.94 | $289K |
| Sale | Common Stock | 13,500 | $18.75 | $253K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,323,230 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 208,101 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 $18.60 to $19.05 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 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 $18.75 to $19.15 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.77 to $19.78 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 481,983 shares of common stock between April 27-29, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.60 to $19.78 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
Total shares sold by Securus: 47,668 shares
Sale price on April 29, 2026: $19.24 per share
Sale price on April 28, 2026: $18.94 per share
+4 more
7 metrics
Total shares sold by Securus
47,668 shares
Open-market sales April 27–29, 2026
Sale price on April 29, 2026
$19.24 per share
18,917 shares of common stock
Sale price on April 28, 2026
$18.94 per share
15,251 shares of common stock
Sale price on April 27, 2026
$18.75 per share
13,500 shares of common stock
Indirect holdings after trades
1,323,230 shares
Held by Securus Risk Management LLC
Direct holdings
208,101 shares
Held directly by reporting person as of April 27, 2026
Spouse’s shares sold
481,983 shares
Sold April 27–29, 2026 under 10b5-1 plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 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.
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"
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
"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.
FAQ
Were the SLDE insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the shares sold by Securus Risk Management LLC were transacted pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025, indicating the sales were pre-planned rather than opportunistically timed.
Does the Slide Insurance (SLDE) Form 4 show any remaining direct holdings by the reporting person?
Yes. One line in the Form 4 shows the reporting person holding 208,101 shares of Slide Insurance common stock directly as of April 27, 2026, in addition to substantial indirect holdings through entities and family-related trusts.