Slide Insurance exec entities sell 98,692 shares
Slide Insurance Holdings director and President & COO Lucas Shannon reported indirect open-market sales of common stock linked to entities he controls and to his spouse.
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
Slide Insurance Holdings director and President & COO Lucas Shannon reported indirect open-market sales of common stock linked to entities he controls and to his spouse. Securus Risk Management LLC, an entity controlled by him, sold 27,000 shares at about $18.97, 45,000 shares at about $19.06, and 26,692 shares at about $18.84 per share on May 15–19, 2026, leaving Securus with 1,253,300 shares after the last sale disclosed. These trades were executed under a Rule 10b5-1 trading plan adopted on November 21, 2025, meaning they were pre-scheduled rather than timed discretionarily. Footnotes also state that the reporting person’s spouse sold 997,881 shares between May 15–19, 2026 under a separate 10b5-1 trading plan at prices ranging from $18.75 to $19.27 per share, while various additional indirect holdings through the spouse and related trusts remain reported.
Insider Trade Summary 10b5-1
Net Seller: 98,692 shares
Net Sell
8 txns
Insider
Lucas Shannon
Role
President & COO
Sold
98,692 shs ($1.87M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,000 | $18.97 | $512K |
| Sale | Common Stock | 45,000 | $19.06 | $858K |
| Sale | Common Stock | 26,692 | $18.84 | $503K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,183,300 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 220,000 shares (Direct);
Common Stock — 40,157,610 shares (Indirect, By Spouse)
Footnotes (10)
- 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 $18.75 to $19.02 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 $18.90 to $19.27 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 $18.75 to $19.07 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.
- 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 997,881 shares of common stock between May 15-19 , 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.75 to $19.27 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.
Key Figures
Total shares sold by Securus: 98,692 shares
Securus sale on May 19, 2026: 27,000 shares at $18.97/share
Securus sale on May 18, 2026: 45,000 shares at $19.06/share
+4 more
7 metrics
Total shares sold by Securus
98,692 shares
Indirect open-market sales between May 15–19, 2026
Securus sale on May 19, 2026
27,000 shares at $18.97/share
Common stock open-market sale
Securus sale on May 18, 2026
45,000 shares at $19.06/share
Common stock open-market sale
Securus sale on May 15, 2026
26,692 shares at $18.84/share
Common stock open-market sale
Securus holdings after last sale
1,253,300 shares
Indirect ownership following May 19, 2026 transaction
Spouse’s total shares sold
997,881 shares
Sales between May 15–19, 2026 under 10b5-1 plan
Sale price range
$18.75–$19.27/share
Price range referenced for May 15–19, 2026 transactions
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 on November 21, 2025."
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 therein"
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.
irrevocable trust financial
"Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person's spouse is the trustee."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider sales did Slide Insurance (SLDE) disclose in this Form 4?
Slide Insurance reported that an entity controlled by executive Lucas Shannon sold 98,692 common shares in open-market trades. These sales occurred between May 15–19, 2026 at prices around $18.84–$19.06 per share, and were executed under a pre-arranged Rule 10b5-1 trading plan.
Were the Slide Insurance (SLDE) insider transactions made under a Rule 10b5-1 plan?
Yes. The filing states that the reported Securus Risk Management LLC sales were made pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. Footnotes also indicate the reporting person’s spouse sold 997,881 shares under a separate 10b5-1 plan between May 15–19, 2026.
What price range did Slide Insurance (SLDE) insider sales occur at in mid-May 2026?
The Form 4 notes weighted average sale prices around $18.84–$19.06 per share for specific trades. Footnotes further explain that transactions during May 15–19, 2026, including the spouse’s sales, occurred within a broader $18.75 to $19.27 per-share price range.
AI-generated analysis. How Rhea-AI works. Not financial advice.
