Securus LLC sells 22,548 Slide Insurance shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Securus Risk Management LLC, an entity controlled by Slide Insurance Holdings President & COO Lucas Shannon, reported an open‑market sale of 22,548 shares of common stock at a weighted average price of $18.95 per share under a pre‑arranged Rule 10b5‑1 trading plan. Following this transaction, Securus Risk Management LLC held 1,142,473 shares indirectly for Shannon. Separate footnote disclosure shows the reporting person’s spouse sold 227,987 additional shares on May 27, 2026, also under a Rule 10b5‑1 plan, at prices ranging from $18.90 to $19.11 per share while continuing to hold substantial Slide Insurance stock through direct and trust accounts.
Insider Trade Summary 10b5-1
Net Seller: 22,548 shares
Net Sell
6 txns
Insider
Lucas Shannon
Role
President & COO
Sold
22,548 shs ($427K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,548 | $18.95 | $427K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,142,473 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 220,000 shares (Direct);
Common Stock — 39,744,806 shares (Indirect, By Spouse)
Footnotes (8)
- 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 $18.90 to $19.11 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. 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.
- F5. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 227,987 shares of common stock on May 27 , 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.90 to $19.11 per share.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Shares sold by Securus LLC: 22,548 shares
Weighted average sale price: $18.95 per share
Sale price range: $18.90–$19.11 per share
+3 more
6 metrics
Shares sold by Securus LLC
22,548 shares
Open-market sale on May 27, 2026
Weighted average sale price
$18.95 per share
Securus LLC transaction
Sale price range
$18.90–$19.11 per share
Prices for reported sales on May 27, 2026
Securus LLC holdings after sale
1,142,473 shares
Indirectly owned for reporting person after transaction
Spouse shares sold
227,987 shares
Spouse sale on May 27, 2026 under 10b5-1 plan
Spouse direct holdings noted
1,925,000 shares
Common stock beneficially owned by spouse as reported
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 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 except to the extent of her pecuniary interest"
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"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Slide Insurance (SLDE) disclose for Lucas Shannon?
Slide Insurance disclosed that Securus Risk Management LLC, an entity controlled by Lucas Shannon, sold 22,548 common shares. The sale was executed at a weighted average price of $18.95 per share under a pre‑arranged Rule 10b5‑1 trading plan.
Did a Rule 10b5-1 trading plan govern the Slide Insurance (SLDE) insider sale?
Yes. The Form 4 states the 22,548-share sale was made under a Rule 10b5‑1 trading plan. The plan was adopted on November 21, 2025, indicating the transactions were pre‑scheduled rather than discretionary market-timing decisions.
How are the indirect Slide Insurance (SLDE) holdings structured for Lucas Shannon?
Indirect holdings include shares held by Securus Risk Management LLC, the reporting person’s spouse, and related entities and trusts. The Form 4 notes that Shannon disclaims beneficial ownership of these securities except for his pecuniary interest in each entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
