Slide Insurance (SLDE) director logs 10b5-1 insider stock sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings director and President & COO Lucas Shannon reported indirect insider stock sales through related entities. Securus Risk Management LLC, an entity controlled by Shannon, sold 36,791 shares of Slide Insurance common stock in open-market transactions between April 6-8, 2026 at prices around $18 per share, under a Rule 10b5-1 trading plan. After these sales, Securus Risk Management LLC held 1,454,138 shares.
Footnotes state that the reported securities held by Securus and by Shannon’s spouse and related trusts are beneficially owned through those entities, with beneficial ownership disclaimed except for any pecuniary interest. One footnote notes that Shannon’s spouse sold 371,991 additional shares between April 6-8, 2026 pursuant to a 10b5-1 trading plan at prices ranging from $18.00 to $18.20 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 36,791 shares ($663,573)
Net Sell
9 txns
Insider
Lucas Shannon
Role
President & COO
Sold
36,791 shs ($664K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,008 | $18.01 | $216K |
| Sale | Common Stock | 11,283 | $18.00 | $203K |
| Sale | Common Stock | 13,500 | $18.09 | $244K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,454,138 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 $18.03 to $18.20 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 $18.07 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 $18.00 to $18.12 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 371,991 shares of common stock between April 6-8, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.20 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 Apr 8, 2026: 12,008 shares at $18.01
Shares sold Apr 7, 2026: 11,283 shares at $18.00
Shares sold Apr 6, 2026: 13,500 shares at $18.09
+5 more
8 metrics
Shares sold Apr 8, 2026
12,008 shares at $18.01
Open-market sale by Securus Risk Management LLC
Shares sold Apr 7, 2026
11,283 shares at $18.00
Open-market sale by Securus Risk Management LLC
Shares sold Apr 6, 2026
13,500 shares at $18.09
Open-market sale by Securus Risk Management LLC
Total shares sold by Securus
36,791 shares
Aggregate open-market sales Apr 6-8, 2026
Securus holdings after sales
1,454,138 shares
Common stock held indirectly after transactions
Direct holdings
208,101 shares
Common stock held directly by reporting person
Spouse sale under 10b5-1
371,991 shares
Shares sold by spouse between Apr 6-8, 2026
Price range for spouse sales
$18.00–$18.20
Per-share range for 371,991 shares sold
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +2 more
6 terms
Rule 10b5-1 trading plan financial
"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 financial
"The Reporting Person disclaims beneficial ownership of these securities"
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"
Irrevocable Trust financial
"Represent shares held through the Emma Cloonen Irrevocable Trust"
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
What insider transactions did Lucas Shannon report for Slide Insurance (SLDE)?
Lucas Shannon reported indirect sales of Slide Insurance common stock through Securus Risk Management LLC, totaling 36,791 shares between April 6-8, 2026 at prices around $18 per share. These were open-market transactions disclosed in a Form 4 filing.
Were the Slide Insurance (SLDE) insider sales made under a 10b5-1 trading plan?
Yes. A footnote states the Securus Risk Management LLC sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 21, 2025. Another footnote notes the reporting person’s spouse also sold shares under a 10b5-1 trading plan.
What additional Slide Insurance (SLDE) activity is disclosed for the reporting person’s spouse?
A footnote explains the reporting person’s spouse owned Slide Insurance shares and sold 371,991 shares between April 6-8, 2026 under a 10b5-1 trading plan at prices between $18.00 and $18.20 per share. The amount shown in that line reflects the spouse’s post-sale holdings.
How are trust and LLC holdings in Slide Insurance (SLDE) described in this Form 4?
Several entries represent Slide Insurance shares held by the reporting person’s spouse through entities and irrevocable trusts. The filing notes the reporting person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest, despite reporting them for Section 16 purposes.