Slide Insurance insider entity sells 47,668 shares
Slide Insurance Holdings, Inc. director, President & COO and 10% owner Lucas Shannon reported indirect open-market sales of company stock through an affiliated entity.
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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.
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
| 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 | -- | -- | -- |
Footnotes (11)
- F1. Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average price financial
beneficial ownership regulatory
pecuniary interest financial
Grantor Retained Annuity Trust financial
FAQ
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Were the SLDE insider sales made under a Rule 10b5-1 trading plan?
Does the Slide Insurance (SLDE) Form 4 show any remaining direct holdings by the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.