Slide Insurance (NYSE: SLDE) risk chief exercises options and sells 2,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. Chief Risk Officer Matthew Paul Larson executed an option exercise-and-sale on June 1, 2026. He exercised stock options to acquire 2,500 shares of common stock at $0.79 per share and sold 2,500 shares in an open‑market transaction at $17.79 per share. The filing shows he holds 2,500 shares of common stock directly after these transactions and 8,998 stock options remain outstanding, expiring on February 24, 2032. The transactions were carried out under a pre‑arranged Rule 10b5-1 trading plan adopted on December 4, 2025, indicating they were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,500 shares ($44,475)
Net Sell
3 txns
Insider
LARSON MATTHEW PAUL
Role
Chief Risk Officer
Sold
2,500 shs ($44K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $0.79 | $2K |
| Sale | Common Stock | 2,500 | $17.79 | $44K |
Holdings After Transaction:
Stock Option (Right to Buy) — 8,998 shares (Direct, null);
Common Stock — 2,500 shares (Direct, null)
Footnotes (1)
- Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 4, 2025. These stock options are fully vested and exercisable.
Key Figures
Shares sold: 2,500 shares
Sale price: $17.79 per share
Option exercise price: $0.79 per share
+2 more
5 metrics
Shares sold
2,500 shares
Common stock open-market sale on June 1, 2026
Sale price
$17.79 per share
Price for 2,500 Slide Insurance common shares sold
Option exercise price
$0.79 per share
Exercise price for 2,500 underlying common shares
Shares held after
2,500 shares
Direct Slide Insurance common stock ownership post-transaction
Options remaining
8,998 options
Fully vested Slide Insurance stock options expiring February 24, 2032
Key Terms
Rule 10b5-1 trading plan, open-market sale, Stock Option (Right to Buy), fully vested and exercisable
4 terms
Rule 10b5-1 trading plan financial
"Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 4, 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.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
fully vested and exercisable financial
"These stock options are fully vested and exercisable."
FAQ
What insider transaction did SLDE Chief Risk Officer Matthew Larson report?
Matthew Larson reported exercising options for 2,500 Slide Insurance common shares and selling 2,500 shares in the open market. The combined exercise-and-sale occurred on June 1, 2026 as part of routine equity compensation activity disclosed in the Form 4 filing.
Were Matthew Larson’s SLDE trades made under a Rule 10b5-1 plan?
Yes. The filing footnotes state the options were exercised and the resulting shares sold pursuant to a Rule 10b5-1 trading plan adopted on December 4, 2025. Such pre-arranged plans schedule trades in advance, reducing the significance of trade timing as an informational signal.
What stock options does Matthew Larson retain in SLDE after this transaction?
Following the June 1, 2026 activity, he retains 8,998 Slide Insurance stock options. These options are fully vested and exercisable, with an exercise price of $0.79 per underlying share and an expiration date of February 24, 2032, according to the Form 4 disclosure.
Is Matthew Larson’s SLDE transaction primarily a sale or an acquisition?
Economically, the Form 4 reflects an exercise-and-sell pattern. He acquired 2,500 Slide Insurance shares by exercising options, then sold 2,500 shares in the open market, resulting in a net 2,500-share sale and increased reliance on remaining stock options for future exposure.