CEO-linked entity IIM Holdings II sells 372k Slide (SLDE) shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. insider reporting shows an entity controlled by Chief Executive Officer Bruce Lucas selling common stock. IIM Holdings II, LLC sold a total of 371,991 shares of common stock in open-market transactions between April 6 and April 8, 2026 at weighted average prices around $18 per share, pursuant to a Rule 10b5-1 trading plan adopted on November 21, 2025. After these sales, IIM Holdings II, LLC reported holding 37,894,635 shares of Slide Insurance common stock. The filing also lists Lucas’ other direct and indirect holdings, including 1,137,546 shares held directly and additional shares held by his spouse and family trusts as of April 6, 2026.
Positive
- None.
Negative
- None.
Insights
CEO‑associated entity executes pre‑planned sales while retaining a large remaining stake.
The transactions report that IIM Holdings II, LLC, an entity controlled by CEO Bruce Lucas, sold 371,991 Slide Insurance common shares in open‑market trades at prices near $18 per share. These sales were made under a pre‑arranged Rule 10b5‑1 trading plan adopted on November 21, 2025, indicating they were scheduled in advance rather than timed discretionarily.
Following the sales, IIM Holdings II, LLC still holds 37,894,635 shares of common stock, and Lucas also has substantial direct and additional indirect holdings through his spouse and family trusts. Within this filing, the sales appear modest compared with the total reported position, and no derivative exercises or new awards are disclosed.
Insider Trade Summary 10b5-1
Net Seller: 371,991 shares ($6,709,337)
Net Sell
9 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
Sold
371,991 shs ($6.71M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 121,414 | $18.01 | $2.19M |
| Sale | Common Stock | 114,077 | $18.00 | $2.05M |
| Sale | Common Stock | 136,500 | $18.09 | $2.47M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,894,635 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,137,546 shares (Direct)
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 $18.03 to $18.20 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 $18.07 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.00 to $18.12 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 36,791 shares of common stock between April 6-8, 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.00 to $18.20 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.
Key Figures
Shares sold by IIM Holdings II, LLC: 371,991 shares
Sale price range: $18.00–$18.20 per share
Indirect holdings via IIM Holdings II, LLC: 37,894,635 shares
+3 more
6 metrics
Shares sold by IIM Holdings II, LLC
371,991 shares
Open-market sales between April 6–8, 2026
Sale price range
$18.00–$18.20 per share
Weighted-average price ranges in reported sales
Indirect holdings via IIM Holdings II, LLC
37,894,635 shares
Common stock held after April 8, 2026 sales
Direct holdings by Bruce Lucas
1,137,546 shares
Common stock held directly as of April 6, 2026
Spouse holding line item
208,101 shares
Common stock held by spouse as of April 6, 2026
Emma Cloonen Irrevocable Trust holding
1,925,000 shares
Indirect common stock position reported April 6, 2026
Key Terms
Rule 10b5-1 trading plan, beneficial ownership, pecuniary interest, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Grantor Retained Annuity Trust financial
"Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Irrevocable Trust financial
"Represent shares held through the Emma Cloonen Irrevocable Trust"
FAQ
What insider transactions did Slide Insurance (SLDE) report for Bruce Lucas?
Slide Insurance reported that an entity controlled by CEO Bruce Lucas, IIM Holdings II, LLC, sold 371,991 common shares in open‑market trades around $18 per share between April 6–8, 2026, under a pre‑arranged Rule 10b5‑1 trading plan.
Were the Slide Insurance (SLDE) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on November 21, 2025. Such plans schedule trades in advance, making the timing more routine and less discretionary.