Form 4: Slide Insurance Insider Sells Shares Under 10b5-1 Plan

Slide Insurance Holdings, Inc. reports a significant sale of common stock by President & COO Shannon Lucas, executed under a pre-established 10b5-1 trading plan.

Summary

• Shannon Lucas, President & COO, Director, and 10% Owner of Slide Insurance Holdings, Inc., reported a sale of 22,548 shares of common stock on May 27, 2026.
• The sale was conducted at a weighted average price of $18.95 per share, with individual transaction prices ranging from $18.90 to $19.11.
• This transaction was executed as part of a Rule 10b5-1 trading plan adopted by Lucas on November 21, 2025.
• Following this sale, Lucas's direct beneficial ownership is 1,142,473 shares held through Securus Risk Management, LLC.
• Additional shares are beneficially owned indirectly through his spouse, totaling 34,743,361 shares across various holdings, including IIM Holdings II, LLC, Emma Cloonen Irrevocable Trust, and Ava Cloonen Irrevocable Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted under a pre-arranged 10b5-1 plan, indicating a planned transaction rather than a reaction to company performance.

Negatives

• A significant number of shares (22,548) were sold by a key executive, Shannon Lucas.
• The sale represents a notable disposition of equity by an insider.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.

Management Comments

• Shannon Lucas disclaims beneficial ownership of securities held by Securus Risk Management LLC, his spouse, IIM Holdings II, LLC, Emma Cloonen Irrevocable Trust, and Ava Cloonen Irrevocable Trust, except to the extent of his pecuniary interest.
• The inclusion of these shares in the report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or any other purpose.

Industry Context

StockSavvy.ai notes that insider sales, particularly under 10b5-1 plans, are common and often reflect pre-planned liquidity or diversification strategies rather than a negative view of the company's prospects. However, the scale of the sale by a President & COO warrants attention.

Related Party Transactions

• Sale of 22,548 shares by Shannon Lucas, President & COO, executed under a 10b5-1 plan.
• Beneficial ownership of shares held by Securus Risk Management LLC, controlled by Shannon Lucas.
• Beneficial ownership of shares held by Shannon Lucas's spouse, including holdings through IIM Holdings II, LLC, Emma Cloonen Irrevocable Trust, and Ava Cloonen Irrevocable Trust.

Stakeholder Impact

• Shareholders: The sale by a key executive may lead to short-term market scrutiny, though the 10b5-1 plan mitigates concerns about insider knowledge.
• Management: Demonstrates adherence to established trading plans for liquidity management.
• Employees: No direct impact indicated, but may observe executive trading patterns.

Key Dates

Keywords

Form 4, Insider Trading, 10b5-1 Plan, Slide Insurance Holdings, Shannon Lucas, Stock Sale, Beneficial Ownership, Securities Exchange Act