Slide Insurance insider entity sells 11,676 shares
Slide Insurance Holdings, Inc. director, President & COO Lucas Shannon reported an open-market sale of common stock on April 20, 2026 by an entity he controls.
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Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director, President & COO Lucas Shannon reported an open-market sale of common stock on April 20, 2026 by an entity he controls. Securus Risk Management LLC sold 11,676 shares at a weighted average price of $19.55 per share, with trade prices ranging from $19.30 to $19.79.
After this sale, Securus Risk Management LLC held 1,370,898 shares of Slide Insurance common stock. Shannon also reported additional indirect holdings through his spouse and related entities and trusts, and 208,101 shares held directly in his own name. The filing states the sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2025.
Insider Trade Summary 10b5-1
Net Seller: 11,676 shares
Net Sell
7 txns
Insider
Lucas Shannon
Role
President & COO
Sold
11,676 shs ($228K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,676 | $19.55 | $228K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,370,898 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 208,101 shares (Direct);
Common Stock — 44,616,370 shares (Indirect, By Spouse)
Footnotes (9)
- 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 $19.30 to $19.79 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 118,055 shares of common stock on April 20, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $19.30 to $19.79 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.
- F9. Represent shares of common stock held by the Reporting Person's spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014. 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.
Key Figures
Shares sold: 11,676 shares
Weighted average sale price: $19.55/share
Sale price range: $19.30–$19.79/share
+3 more
6 metrics
Shares sold
11,676 shares
Open-market sale on April 20, 2026 by Securus Risk Management LLC
Weighted average sale price
$19.55/share
Common stock sale on April 20, 2026
Sale price range
$19.30–$19.79/share
Price range for April 20, 2026 transactions
Securus holdings after sale
1,370,898 shares
Common stock held by Securus Risk Management LLC after April 20, 2026
Direct holdings by Shannon
208,101 shares
Common stock held directly by Lucas Shannon as of April 20, 2026
Spouse sale
118,055 shares
Shares of common stock sold by spouse on April 20, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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 regulatory
"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"
Grantor Retained Annuity Trust financial
"Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
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 reported that an entity controlled by President & COO Lucas Shannon, Securus Risk Management LLC, sold 11,676 common shares on April 20, 2026 at a weighted average price of $19.55 under a pre-arranged Rule 10b5-1 trading plan.
Were the Slide Insurance (SLDE) insider sales made under a Rule 10b5-1 plan?
Yes. The Form 4 states the 11,676-share sale by Securus Risk Management LLC was made pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025, indicating the trades were pre-scheduled rather than discretionary.
What other Slide Insurance (SLDE) holdings are reported for Lucas Shannon and his spouse?
Beyond the Securus Risk Management LLC stake, the filing reports additional common stock beneficially owned through Shannon’s spouse and related entities and trusts, plus 208,101 shares held directly by Shannon. The spouse’s holdings include shares in LLCs and several irrevocable trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
