Entity tied to Slide Insurance (SLDE) director sells 20,086 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. reported insider-related share sales executed by MAOV Slide, LLC, an entity associated with director Andrew Pardo Wright. MAOV Slide, LLC sold 10,000 shares of common stock at $18.75 per share on May 15, 2026 and 10,086 shares at $19.00 per share on May 18, 2026 in open-market transactions.
After these sales, MAOV Slide, LLC held 80,000 shares of Slide Insurance common stock indirectly attributed to Wright. A footnote states that Wright disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, indicating the holdings and transactions are through the LLC rather than directly by him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,086 shares ($379,134)
Net Sell
2 txns
Insider
Wright Andrew Pardo
Role
null
Sold
20,086 shs ($379K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,086 | $19.00 | $192K |
| Sale | Common Stock | 10,000 | $18.75 | $188K |
Holdings After Transaction:
Common Stock — 80,000 shares (Indirect, By MAOV Slide, LLC)
Footnotes (1)
- [object Object]
Key Figures
Shares sold May 15, 2026: 10,000 shares at $18.75
Shares sold May 18, 2026: 10,086 shares at $19.00
Total shares sold: 20,086 shares
+2 more
5 metrics
Shares sold May 15, 2026
10,000 shares at $18.75
Open-market sale of Slide Insurance common stock
Shares sold May 18, 2026
10,086 shares at $19.00
Open-market sale of Slide Insurance common stock
Total shares sold
20,086 shares
Aggregate of two open-market sales reported
Shares held after transactions
80,000 shares
Indirect holdings by MAOV Slide, LLC after May 18, 2026 sale
Net buy/sell direction
Net sale of 20,086 shares
Transaction summary for this Form 4
Key Terms
open-market sale, indirect ownership, pecuniary interest, Common Stock
4 terms
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.
indirect ownership financial
"direct_or_indirect": "I", "ownership_type": "indirect""
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Slide Insurance (SLDE) report in this Form 4?
Slide Insurance reported that MAOV Slide, LLC, an entity associated with director Andrew Pardo Wright, completed open-market sales of company common stock on May 15 and May 18, 2026. These transactions are disclosed as indirect insider sales through the LLC.
Are the Slide Insurance (SLDE) insider sales direct or indirect for the reporting person?
The Form 4 classifies the transactions as indirect ownership. The common stock is held by MAOV Slide, LLC, and a footnote explains that Andrew Pardo Wright disclaims beneficial ownership except for any pecuniary interest, meaning the trades were executed through the LLC, not directly by him.