Slide Insurance (SLDE) CRO exercises options, then sells 11,250 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings Chief Risk Officer Matthew Paul Larson reported option exercises and share sales in company stock. On March 3, he exercised 11,250 stock options and received 11,250 shares of common stock at an exercise price of $0.79 per share. He then sold 11,250 common shares in an open-market transaction at a weighted average price of $19.01 per share, with individual sale prices ranging from $19.00 to $19.04. After these transactions, he reported no directly held common stock, while continuing to hold stock options, including grants that are fully vested and others that vest in stages through July 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,250 shares ($213,863)
Net Sell
5 txns
Insider
LARSON MATTHEW PAUL
Role
Chief Risk Officer
Sold
11,250 shs ($214K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 11,250 | $0.00 | -- |
| Exercise | Common Stock | 11,250 | $0.79 | $9K |
| Sale | Common Stock | 11,250 | $19.01 | $214K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 76,250 shares (Direct);
Common Stock — 11,250 shares (Direct)
Footnotes (1)
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $19.00 to $19.04 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 exercise price, expiration date and number of stock options reported herein differ from those previously reported on the Reporting Person's Form 3 due to an administrative error. This Form 4 reflects the correct exercise price, expiration date and number of stock options held as of such date. These stock options are fully vested and exercisable. Of the 55,000 stock options reported herein, 27,500 are vested and exercisable. The remaining 27,500 vest ratably on July 14, 2026 and July 14, 2027.
FAQ
What insider transactions did Slide Insurance (SLDE) report for Matthew Paul Larson?
Slide Insurance’s Chief Risk Officer Matthew Paul Larson exercised 11,250 stock options and acquired 11,250 common shares, then sold all 11,250 shares in an open-market transaction. The filing also updates and confirms details of his stock option grants and vesting terms.
Did Matthew Paul Larson retain any Slide Insurance (SLDE) common stock after these transactions?
After the reported March 3 transactions, Matthew Paul Larson reported holding zero shares of Slide Insurance common stock directly. However, he continues to hold stock options in the company, including fully vested options and additional options scheduled to vest over time.
What stock options in Slide Insurance (SLDE) does Matthew Paul Larson currently hold?
The Form 4 shows Matthew Paul Larson holding multiple Slide Insurance stock option grants. One grant is fully vested and exercisable, while another 55,000-option grant includes 27,500 vested options and 27,500 options vesting ratably on July 14, 2026 and July 14, 2027.
Why does the Slide Insurance (SLDE) Form 4 mention an administrative error in prior filings?
The Form 4 explains that the exercise price, expiration date, and number of stock options differ from those on Larson’s prior Form 3 because of an administrative error. This filing corrects those details by reflecting the accurate option terms and number of options held as of that earlier date.
What was the nature of Matthew Paul Larson’s Slide Insurance (SLDE) stock sale?
The sale was classified as an open-market or private transaction under code “S.” He sold 11,250 shares of Slide Insurance common stock at a weighted average price of $19.01 per share, with the company noting precise trade prices ranged from $19.00 to $19.04.