Director-linked entity trims Slide (SLDE) stake with 56,424-share 10b5-1 sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director-related entity sells shares under pre-planned plan. GRM Family Limited Partnership, an entity controlled by director Robert Gries Jr., sold 28,212 shares of Slide common stock at a weighted average price of $18.55 on May 5 and 28,212 shares at a weighted average price of $18.70 on May 6 in open-market transactions. These sales, totaling 56,424 shares, were made pursuant to a Rule 10b5-1 trading plan adopted on December 12, 2025. After the transactions, GRM Family Limited Partnership held 1,861,993 Slide shares indirectly associated with Gries, while he also held 843,804 shares directly.
Positive
- None.
Negative
- None.
Insights
Director-associated entity executes pre-planned sales while retaining a large Slide stake.
Director Robert Gries Jr. oversaw open-market sales by GRM Family Limited Partnership totaling 56,424 Slide common shares at weighted average prices of $18.55 and $18.70. The filing shows these trades were executed under a Rule 10b5-1 trading plan adopted on December 12, 2025.
The partnership still holds 1,861,993 shares after the sales, and Gries also directly owns 843,804 shares. This indicates the transactions represent only a portion of his overall exposure. Because the trades were pre-planned and no derivatives were exercised, they appear as routine portfolio management rather than a change in long-term stance.
Insider Trade Summary 10b5-1
Net Seller: 56,424 shares ($1,050,897)
Net Sell
3 txns
Insider
Gries Robert JR
Role
null
Sold
56,424 shs ($1.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 28,212 | $18.70 | $528K |
| Sale | Common Stock | 28,212 | $18.55 | $523K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,861,993 shares (Indirect, By GRM Family Limited Partnership);
Common Stock — 843,804 shares (Direct, null)
Footnotes (1)
- Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on December 12, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.28 to $18.65 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 GRM Family Limited Partnership, which is an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.53 to $18.88 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.
Key Figures
Shares sold May 5: 28,212 shares
Shares sold May 6: 28,212 shares
Total shares sold: 56,424 shares
+5 more
8 metrics
Shares sold May 5
28,212 shares
Open-market sale of Slide common stock on May 5, 2026 at $18.55
Shares sold May 6
28,212 shares
Open-market sale of Slide common stock on May 6, 2026 at $18.70
Total shares sold
56,424 shares
Combined open-market sales by GRM Family Limited Partnership
Weighted average price May 5
$18.55 per share
Reported weighted average sale price; actual trades $18.28–$18.65
Weighted average price May 6
$18.70 per share
Reported weighted average sale price; actual trades $18.53–$18.88
Indirect holdings after sales
1,861,993 shares
Slide shares held by GRM Family Limited Partnership after May 6 sale
Direct holdings
843,804 shares
Slide shares directly owned by Robert Gries Jr. as of May 5 entry
10b5-1 plan adoption date
December 12, 2025
Date the pre-planned Rule 10b5-1 trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, GRM Family Limited Partnership, 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 December 12, 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.
GRM Family Limited Partnership financial
"The securities reported herein are held by GRM Family Limited Partnership, which is an entity controlled by the reporting person."
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
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.
FAQ
What insider transactions did Slide Insurance (SLDE) report for Robert Gries Jr.?
Slide Insurance reported that an entity associated with director Robert Gries Jr. sold 56,424 shares of common stock. The sales occurred in two equal blocks of 28,212 shares on May 5 and May 6, through open-market transactions at weighted average prices around $18.55 and $18.70.
Were the Slide Insurance (SLDE) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025. Such plans are pre-arranged trading programs that allow insiders to sell shares on a scheduled basis, reducing discretion over timing.
What is Robert Gries Jr.’s remaining ownership in Slide Insurance (SLDE) after these trades?
After the reported transactions, GRM Family Limited Partnership held 1,861,993 Slide Insurance common shares indirectly associated with Robert Gries Jr. In addition, the filing shows he directly owns 843,804 shares. Together, these positions indicate he maintains a substantial ongoing economic interest in the company.