Insider at Slide Insurance (NYSE: SLDE) sells 26,141 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director, President & COO and 10% owner Lucas Shannon reported indirect open‑market sales of common stock linked to entities associated with the reporting person. Securus Risk Management, LLC, an entity controlled by the reporting person, sold 17,141 shares on May 7, 2026 at a weighted average price of $18.81 per share and 9,000 shares on May 11, 2026 at a weighted average price of $18.76 per share.
These sales, totaling 26,141 shares, were made pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. After these transactions, Securus Risk Management, LLC held 1,281,992 shares of Slide Insurance common stock. The filing also reports additional indirect holdings through the reporting person’s spouse and related LLCs and trusts, and notes that the spouse sold 264,317 shares between May 7–11, 2026 under a separate 10b5-1 plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 26,141 shares ($491,262)
Net Sell
7 txns
Insider
Lucas Shannon
Role
President & COO
Sold
26,141 shs ($491K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,000 | $18.76 | $169K |
| Sale | Common Stock | 17,141 | $18.81 | $322K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,281,992 shares (Indirect, By Securus Risk Management, LLC);
Common Stock — 220,000 shares (Direct, null)
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 $18.75 to $18.90 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 $18.75 to $18.91 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. 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 264,317 shares of common stock between May 7-11 , 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.75 to $18.91 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.
Key Figures
Shares sold by Securus May 7, 2026: 17,141 shares
Shares sold by Securus May 11, 2026: 9,000 shares
Total shares sold via Securus: 26,141 shares
+4 more
7 metrics
Shares sold by Securus May 7, 2026
17,141 shares
Open‑market sale at weighted average $18.81
Shares sold by Securus May 11, 2026
9,000 shares
Open‑market sale at weighted average $18.76
Total shares sold via Securus
26,141 shares
Net open‑market sales reported in May 2026
Price range for Securus sales
$18.75–$18.91 per share
Individual trade prices across May 7–11, 2026
Securus holdings after May 11 sale
1,281,992 shares
Indirect Slide Insurance common stock position
Shares sold by spouse May 7–11, 2026
264,317 shares
Sales under spouse’s 10b5-1 plan at $18.75–$18.91
Directly owned shares
220,000 shares
Common stock held with direct ownership
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"
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"
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
"except to the extent of her pecuniary interest therein, and the inclusion of these shares"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transactions did SLDE report for Lucas Shannon?
Slide Insurance reported that entities associated with Lucas Shannon sold 26,141 common shares through Securus Risk Management, LLC in May 2026. These were indirect open‑market sales under a pre‑arranged Rule 10b5-1 trading plan adopted in November 2025.
Were the Slide Insurance (SLDE) insider sales pre-planned under Rule 10b5-1?
Yes. Footnotes state the Securus Risk Management, LLC transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. They also note the reporting person’s spouse sold 264,317 shares between May 7–11, 2026 under a separate 10b5-1 plan.
What additional indirect Slide Insurance holdings are reported for Lucas Shannon?
The Form 4 lists indirect holdings through the reporting person’s spouse and related entities, including IIM Holdings II, LLC and two irrevocable trusts. It shows post‑transaction amounts such as 1,925,000, 36,154,046, and 1,151,445 shares in various spouse‑related accounts, with beneficial ownership disclaimed except for pecuniary interest.