[Form 4] Slide Insurance Holdings, Inc. Insider Trading Activity
This Form 4 for Slide Insurance Holdings, Inc. (SLDE) reports insider transactions by Shannon Lucas, who is identified as a Director, 10% owner and CRO & COO. On 07/31/2025 the filing records the acquisition/vesting of 22,918 restricted stock units (RSUs), each a contingent right to one share, and shows an increase in the reporting person’s direct common stock position to 160,428 shares. The RSUs vest in 24 equal monthly installments from Jan 1, 2025 through Dec 31, 2026 and are reported with a $0 price. The filing discloses substantial indirect holdings: 1,650,000 shares via Securus Risk Management, LLC; 1,925,000 each via Emma and Ava Cloonen Irrevocable Trusts; and multiple spouse-held positions including 1,089,818, 2,575,837 and 39,875,000 shares. The report is signed by an attorney-in-fact on 08/13/2025.
- 22,918 RSUs granted/vested with a clear vesting schedule (24 monthly installments from 01/01/2025 to 12/31/2026), showing alignment with shareholders
- Transparent disclosure of indirect holdings by Securus Risk Management, LLC and multiple irrevocable trusts, including exact share counts
- Post-transaction direct common stock position explicitly reported as 160,428 shares, improving transparency
- Substantial indirect and spouse-held positions are reported, including 39,875,000 shares, which represent a large disclosed concentration of ownership
- Restricted stock units are reported at a $0 price, indicating non-cash issuance that could dilute existing holders if converted to shares
Insights
TL;DR: Routine equity-based compensation and extensive related-party holdings disclosed; important for control and governance transparency.
The filing documents a standard equity grant—22,918 RSUs vesting monthly across 2025–2026—intended to align the CRO/COO with shareholders. The report also provides detailed disclosure of indirect holdings through a controlled LLC and multiple irrevocable trusts, plus large spouse-held positions. Those disclosures are material to governance because they clarify the distribution of voting and economic interests and help stakeholders assess potential related-party influence.
TL;DR: Insider received RSUs and retains a meaningful direct and indirect ownership stake; transaction appears non‑cash, routine vesting.
Table entries show 22,918 RSUs granted/vested on 07/31/2025 with a reported price of $0 and post-transaction direct ownership of 160,428 common shares and 391,571 RSUs reflected in derivative holdings. Significant indirect positions are explicitly disclosed, helping quantify insider-related ownership concentration. The filing provides clear vesting schedule and formal disclaimers of beneficial ownership for certain entity- and spouse-held positions.