Form 4: Slide Insurance COO Acquires Shares, RSUs

Shannon Lucas, President & COO of Slide Insurance Holdings, Inc., reported the acquisition of common stock and restricted stock units.

Summary

• Shannon Lucas, President & COO, Director, and 10% Owner of Slide Insurance Holdings, Inc. (SLDE), reported transactions on November 30, 2025.
• Acquired 22,918 shares of common stock directly.
• Acquired 22,918 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of common stock, with a conversion price of $0.
• Following these transactions, direct beneficial ownership of common stock is 252,100 shares.
• Indirect beneficial ownership of common stock includes 1,650,000 shares held by Securus Risk Management, LLC (an entity controlled by the reporting person).
• Additional indirect beneficial ownership of common stock through the reporting person's spouse includes: 1,925,000 shares via the Emma Cloonen Irrevocable Trust, 1,925,000 shares via the Ava Cloonen Irrevocable Trust, 1,181,490 shares directly by spouse, 2,575,837 shares via Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014, and 39,875,000 shares via IIM Holdings II, LLC.
• Direct beneficial ownership of derivative securities (RSUs) is 299,899 units.
• Indirect beneficial ownership of derivative securities (RSUs) by spouse is 299,899 units.

Sentiment

Score: 7

Explanation: The acquisition of common stock and restricted stock units by a key executive generally signals confidence in the company's future prospects, which is a positive indicator for investors.

Positives

• A key executive, Shannon Lucas, acquired 22,918 shares of common stock, indicating continued confidence in the company.
• The acquisition of 22,918 Restricted Stock Units (RSUs) further aligns the executive's interests with long-term shareholder value.

Future Outlook

The restricted stock units are scheduled to vest in 24 equal monthly installments commencing on January 1, 2025, and ending on December 31, 2026, contingent upon the reporting person's continued employment or service through each applicable vesting date.

Industry Context

This filing is a routine insider transaction report and does not provide specific details related to broader industry trends or competitive landscape.

Related Party Transactions

• Indirect beneficial ownership of common stock and restricted stock units is reported through Securus Risk Management, LLC, an entity controlled by the reporting person.
• Indirect beneficial ownership is also reported through various trusts and entities associated with the reporting person's spouse (Emma Cloonen Irrevocable Trust, Ava Cloonen Irrevocable Trust, Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014, IIM Holdings II, LLC).

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive sign of management's commitment and belief in the company's long-term value.

Next Steps

• Continued vesting of restricted stock units through December 31, 2026, subject to the reporting person's continued employment or service.

Key Dates

Keywords

Slide Insurance Holdings, SLDE, Shannon Lucas, Insider Trading, Form 4, Stock Acquisition, Restricted Stock Units, Executive Compensation, Beneficial Ownership