[Form 4] Slide Insurance Holdings, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and President & COO Lucas Shannon reported several equity transactions involving his direct holdings, his spouse and an affiliated LLC. An entity he controls, Securus Risk Management LLC, sold a total of 38,686 shares of common stock in open‑market trades on March 30 and April 1 at weighted average prices ranging from $18.00 to $18.21 per share under a pre‑arranged Rule 10b5‑1 trading plan.
On March 31, 22,919 restricted stock units vested into the same number of common shares for Shannon directly and 22,919 for his spouse, and 9,019 of the newly issued shares were withheld to cover tax obligations. Following these events, Shannon reports 208,101 common shares held directly and 1,490,929 common shares held indirectly through Securus, with additional indirect holdings through his spouse and related entities and trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 38,686 shares ($700,005)
Net Sell
12 txns
Insider
Lucas Shannon
Role
President & COO
Sold
38,686 shs ($700K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 868 | $18.01 | $16K |
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | -- |
| Sale | Common Stock | 24,429 | $18.10 | $442K |
| Exercise | Common Stock | 22,919 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,019 | $18.00 | $162K |
| Exercise | Common Stock | 22,919 | $0.00 | -- |
| Sale | Common Stock | 13,389 | $18.09 | $242K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,490,929 shares (Indirect, By Securus Risk Management, LLC);
Restricted Stock Unit — 208,225 shares (Direct);
Restricted Stock Unit — 208,225 shares (Indirect, By Spouse);
Common Stock — 217,120 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 $18.00 to $18.21 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 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.21 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.05 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 amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,919 restricted stock units on March 31, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith. 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 391,155 shares of common stock between March 30 through April 1, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.21 per share. 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. 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. 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. 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. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the Reporting Person's continued employment or service through each applicable vesting date.
Key Figures
Open-market sales: 38,686 shares
Sale price range: $18.00–$18.21 per share
RSUs exercised: 45,838 units
+3 more
6 metrics
Open-market sales
38,686 shares
Net common shares sold in open market per transaction summary
Sale price range
$18.00–$18.21 per share
Weighted average price ranges for sales March 30–April 1, 2026
RSUs exercised
45,838 units
Restricted stock units converting into common stock on March 31, 2026
Tax withholding shares
9,019 shares
Common shares withheld to cover tax liability on vesting
Direct holdings after
208,101 shares
Common stock held directly by Shannon following transactions
Securus LLC holdings after
1,490,929 shares
Common stock held by Securus Risk Management LLC after April 1 sale
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit, pecuniary interest, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan financial
"Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person"
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.
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest"
Grantor Retained Annuity Trust financial
"through 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.
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.
FAQ
What insider transactions did SLDE executive Lucas Shannon report?
Lucas Shannon reported open-market sales and equity vesting. An affiliated LLC sold 38,686 Slide Insurance common shares around $18, while 22,919 restricted stock units vested for him and 22,919 for his spouse, with 9,019 shares withheld for taxes.
What happened to Lucas Shannon’s restricted stock units in Slide Insurance?
On March 31, 2026, 22,919 restricted stock units vested into common shares for Lucas Shannon and another 22,919 units vested for his spouse. The filing notes 9,019 shares were withheld to satisfy tax liabilities tied to this vesting event.