CEO-associated entity trims Slide Insurance (SLDE) stake via 10b5-1 sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. reported that entities associated with CEO and 10% owner Bruce Lucas sold a total of 121,030 shares of common stock in open-market transactions on March 10–11, 2026. These sales, at prices ranging from about $17.25 to $18.00 per share, were executed under pre-arranged Rule 10b5-1 trading plans.
After these transactions, IIM Holdings II, LLC, an entity controlled by Lucas, still held 39,221,533 shares of Slide Insurance common stock. The filing also shows significant additional direct and indirect holdings by Lucas, his spouse, and family trusts, so the reported sales represent only a small portion of the overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 121,030 shares ($2,153,297)
Net Sell
8 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
Sold
121,030 shs ($2.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,730 | $17.42 | $48K |
| Sale | Common Stock | 118,300 | $17.80 | $2.11M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 39,221,533 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,123,646 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 $17.51 to $18.00 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 IIM Holdings II, LLC, which is an entity controlled by the Reporting Person. The Reporting Persondisclaims 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $17.25 to $17.87 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 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 11,970 shares of common stock between March 10-11, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $17.25 to $18.00 per share. Represent shares of common stock beneficially owned by the Reporting Person's spouse through Securus Risk Management LLC. 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 Emma Cloonen Irrevocable Trust, of which the Reporting Person 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 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.
FAQ
What insider activity did Slide Insurance (SLDE) disclose in this Form 4?
Entities linked to Slide Insurance CEO Bruce Lucas sold 121,030 common shares. The sales occurred on March 10–11, 2026, in open-market trades at prices generally between $17.25 and $18.00 per share under pre-arranged Rule 10b5-1 trading plans.
Were the Slide Insurance (SLDE) insider sales part of a 10b5-1 trading plan?
Yes, the sales were made under a Rule 10b5-1 trading plan. A footnote states the plan was adopted on November 21, 2025, meaning the March 2026 open-market transactions were pre-scheduled rather than newly decided at the time of execution.
Does the Form 4 show Slide Insurance (SLDE) holdings by the CEO’s spouse and family trusts?
Yes, the filing lists indirect holdings through the CEO’s spouse and multiple family trusts. These include shares held directly by the spouse, through Securus Risk Management LLC, and via irrevocable trusts, with Lucas disclaiming beneficial ownership beyond his pecuniary interests.