Form 4: Slide Insurance Holdings CRO & COO Shannon Lucas Reports Significant Beneficial Ownership Changes Post-IPO

Shannon Lucas, CRO & COO, Director, and 10% Owner of Slide Insurance Holdings, Inc., reported the conversion of Series A Preferred Stock into common stock and updated her beneficial ownership holdings following the company's initial public offering.

Summary

• Shannon Lucas, serving as CRO & COO, Director, and a 10% Owner of Slide Insurance Holdings, Inc. (SLDE), filed a Form 4 detailing changes in her beneficial ownership.
• On June 20, 2025, Series A Preferred Stock converted into the issuer's common stock on a 1-for-1 basis upon the closing of the company's initial public offering.
• Specifically, 929,390 shares of Series A Preferred Stock held indirectly by the reporting person's spouse converted into 929,390 shares of common stock.
• An additional 100,837 shares of Series A Preferred Stock held by the spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014 also converted into 100,837 shares of common stock.
• Following these transactions, Shannon Lucas directly beneficially owns 114,592 shares of Common Stock.
• Indirect beneficial ownership includes 1,650,000 shares of Common Stock through Securus Risk Management, LLC, an entity controlled by the reporting person.
• Further indirect beneficial ownership includes 1,925,000 shares of Common Stock through Emma Cloonen Irrevocable Trust and 1,925,000 shares of Common Stock through Ava Cloonen Irrevocable Trust.
• Indirect beneficial ownership through the reporting person's spouse totals 1,043,982 shares of Common Stock, an additional 2,575,837 shares of Common Stock through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014, and 39,875,000 shares of Common Stock through IIM Holdings II, LLC.
• The reporting person disclaims beneficial ownership of these indirectly held securities except to the extent of her pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a factual report of insider ownership changes and a pre-planned stock conversion, providing no inherently positive or negative sentiment regarding company performance or outlook.

Related Party Transactions

• Indirect beneficial ownership of 1,650,000 shares of Common Stock is held through Securus Risk Management, LLC, an entity controlled by the reporting person.
• Indirect beneficial ownership of 1,043,982 shares of Common Stock, 2,575,837 shares of Common Stock (via Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014), and 39,875,000 shares of Common Stock (via IIM Holdings II, LLC) are held by the reporting person's spouse.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership structure of a key executive and significant shareholder, confirming the conversion of preferred stock into common stock following the IPO.

Key Dates

Keywords

Slide Insurance Holdings, SLDE, Shannon Lucas, SEC Form 4, Beneficial Ownership, Insider Trading, Preferred Stock Conversion, Common Stock, Initial Public Offering, Corporate Officer, Director, 10% Owner