Pre-planned sales trim Slide (NYSE: SLDE) CEO’s indirect stake
Rhea-AI Filing Summary
Slide Insurance Holdings CEO Bruce Lucas, through entity IIM Holdings II, LLC, reported open‑market sales of Slide common stock under a pre‑planned Rule 10b5‑1 trading plan adopted on November 21, 2025. The entity sold 178,733 shares at a weighted average price of about $18.04 per share on March 26, 2026 and 58,803 shares at about $18.00 per share on March 24, 2026. After these transactions, IIM Holdings II, LLC held 38,657,781 shares indirectly. The filing also lists additional direct and indirect holdings for Lucas and related parties, including spouse and family trusts, and notes that Lucas disclaims beneficial ownership of certain positions except for his pecuniary interest.
Positive
- None.
Negative
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Insights
Pre-planned insider sales reduce one indirect stake but remain small.
Slide Insurance Holdings’ CEO-associated entity IIM Holdings II, LLC executed open-market sales totaling 237,536 shares around $18 per share. These trades were made under a pre-arranged Rule 10b5-1 plan adopted on November 21, 2025, indicating they were scheduled in advance rather than timed discretionarily.
Following the sales, the entity still holds 38,657,781 shares, so the dispositions represent a modest fraction of the reported indirect position. The filing also outlines direct holdings and positions in spouse and family trusts, with repeated disclaimers that CEO Bruce Lucas only acknowledges beneficial ownership to the extent of his pecuniary interest.
Overall, the transactions show a net-sell pattern but appear routine in scale and structure, with no derivative exercises and no change to option positions. Future company filings may update how total direct and indirect holdings evolve over time.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 178,733 | $18.04 | $3.22M |
| Sale | Common Stock | 58,803 | $18.00 | $1.06M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $17.90 to $18.07 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. The securities reported herein are held by IIM Holdings II, LLC, which is an entity controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.19 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represent shares of common stock beneficially owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 23,493 shares of common stock between March 24-26, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $17.90 to $18.19 per share. Represent shares of common stock beneficially owned by the Reporting Person's spouse through Securus Risk Management LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Represent shares held through the Ava Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
