Lucas Bruce 4

What Happened

• Lucas Bruce, CEO of Slide Insurance Holdings, reported the conversion/vesting of 22,919 restricted stock units (RSUs) into common shares on January 31, 2026 (reported on Form 4 filed Feb 3, 2026). The conversion is reported as derivative exercise/conversion (code M) with an acquisition price of $0 (i.e., vested RSUs converted to shares).
• To cover the tax liability associated with the vesting, 9,352 shares were withheld (code F) at an indicated value of $17.23 per share, totaling $161,135. Several additional derivative reporting lines relate to shares held in entities or by the reporting person’s spouse/trusts and include disclaimers of beneficial ownership.

Key Details

• Transaction date: January 31, 2026; Form 4 filed: February 3, 2026.
• Primary shares vesting: 22,919 RSUs converted to common stock (code M, acquisition at $0).
• Tax withholding: 9,352 shares withheld (code F) at $17.23/share = $161,135.
• Shares owned after the transaction: not explicitly quantified in the filing for the reporting person’s total; several footnotes note shares held by affiliated entities, spouse, and trusts.
• Notable footnotes:
  • F1: Shares were withheld to cover the reporting person’s tax liability on the RSUs that vested.
  • F2–F7: Many reported shares are held by entities, spouse, or trusts (IIM Holdings II, LLC; Securus Risk Management LLC; Emma/Ava Cloonen Irrevocable Trusts); the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
  • F8: Each RSU represents a contingent right to one share.
  • F9: The RSUs vest monthly in 24 equal installments from Jan 1, 2025 through Dec 31, 2026 (vesting subject to continued service).
• Filing timeliness: The filing date is Feb 3, 2026; the Form does not indicate a late filing.

Context

• This was not an open-market sale or purchase by the insider; it was the routine vesting/conversion of RSUs. The use of share withholding to satisfy tax obligations is common and does not necessarily signal a change in sentiment.
• For clarity: code M = exercise/conversion of a derivative (here, RSU vesting), and code F = shares withheld to pay tax liability.