Slide Insurance (SLDE) director exercises options, then sells 10,000 shares
Rhea-AI Filing Summary
Slide Insurance Holdings director Stephen L. Rohde reported multiple transactions in company securities. On March 3 and 4, he exercised stock options to acquire a total of 10,000 shares of common stock through derivative exercises at exercise prices reflecting a 5.5‑to‑1 forward stock split, with the options described as fully vested and exercisable. He then sold 5,000 shares at $19.16 per share on March 3 and 5,000 shares at $19.50 per share on March 4 in open-market transactions. Following these trades, his reported direct common stock holdings were reduced to zero, while 17,500 stock options remained outstanding directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($193K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
ROHDE STEPHEN L
Role
Director
Sold
10,000 shs ($193K)
Approx. gross sale proceeds
$193K
Approx. exercise cost
$18.00
Approx. pre-tax spread
$193K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.0018 | $9.00 |
| Sale | Common Stock | 5,000 | $19.50 | $98K |
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.0018 | $9.00 |
| Sale | Common Stock | 5,000 | $19.16 | $96K |
Holdings After Transaction:
Stock Option (Right to Buy) — 17,500 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. The exercise price gives effect to the 5.5-to-1 forward stock split that occured as part of the Issuer's initial public offering.
- F2. These stock options are fully vested and exercisable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Slide Insurance (SLDE) director Stephen L. Rohde report?
Stephen L. Rohde reported exercising stock options to acquire 10,000 Slide Insurance common shares, then selling 5,000 shares at $19.16 and 5,000 shares at $19.50. These were open‑market sales following derivative exercises of fully vested options.
What is Stephen L. Rohde’s Slide Insurance (SLDE) common stock position after these Form 4 trades?
After the reported March 3–4 sales, the director’s reported direct common stock holdings were zero. However, he continued to hold 17,500 stock options directly, which are fully vested and exercisable according to the disclosure footnotes.
How many Slide Insurance (SLDE) stock options does the director still hold after the transactions?
Following the March 3 and March 4 option exercises and related share sales, the director reported directly holding 17,500 stock options. The filing notes these options are fully vested and exercisable, and their exercise price reflects a 5.5‑to‑1 forward stock split.
What does the 5.5-to-1 forward stock split note mean for Slide Insurance (SLDE) options?
The footnote explains that the reported exercise price for the director’s options incorporates a 5.5‑to‑1 forward stock split completed as part of Slide Insurance’s initial public offering. This means option terms, including exercise price, were adjusted to reflect that split.