Director entity sells 15K Slide Insurance (SLDE) shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. reported an indirect open-market sale of common stock linked to director Wright Andrew Pardo through MAOV Slide, LLC. The LLC sold 15,000 shares on June 29, 2026 at a weighted average price of $19.51 per share, with individual prices ranging from $19.50 to $19.53.
Following the transaction, MAOV Slide, LLC held 18,998 shares of Slide Insurance common stock. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2026, and the reporting person disclaims beneficial ownership of the LLC-held shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,000 shares ($292,650)
Net Sell
1 txn
Insider
Wright Andrew Pardo
Role
null
Sold
15,000 shs ($293K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,000 | $19.51 | $293K |
Holdings After Transaction:
Common Stock — 18,998 shares (Indirect, By MAOV Slide, LLC)
Footnotes (1)
- Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $19.50 to $19.53 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 MAOV Slide, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 15,000 shares
Weighted average sale price: $19.51 per share
Sale price range: $19.50–$19.53 per share
+1 more
4 metrics
Shares sold
15,000 shares
Open-market sale on June 29, 2026
Weighted average sale price
$19.51 per share
Common stock sale by MAOV Slide, LLC
Sale price range
$19.50–$19.53 per share
Individual execution prices within the transaction
Shares held after transaction
18,998 shares
Indirect holdings of MAOV Slide, LLC after sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"Exercised and sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026."
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 financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his 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.
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 transaction did SLDE report in this Form 4?
Slide Insurance reported an indirect open-market sale of 15,000 common shares linked to director Wright Andrew Pardo through MAOV Slide, LLC. The transaction occurred on June 29, 2026, and was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the SLDE insider sale made under a Rule 10b5-1 plan?
Yes. The Form 4 states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on March 13, 2026. Such plans schedule trades in advance, aiming to reduce the influence of nonpublic information on transaction timing.
What type of transaction code appears in this SLDE Form 4?
The filing uses transaction code “S,” indicating a sale in an open market or private transaction. This code applies to the 15,000 Slide Insurance common shares sold indirectly through MAOV Slide, LLC on June 29, 2026.