Lucas Shannon 4
4 · Slide Insurance Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Slide Insurance (SLDE) 10% Owner Lucas Shannon Receives RSUs; 9,019 Shares Withheld
What Happened
- Lucas Shannon (reported as a 10% owner) had 22,918 restricted stock units (RSUs) convert into common shares on February 28, 2026 (reported as derivative conversion, code M). The RSUs converted at $0 cost basis (typical for vested RSUs). To cover tax withholding associated with the vesting, 9,019 shares were withheld and reported as a payment of tax liability (code F) at an implied price of $19.00 per share, totaling $171,361. The net shares remaining from this conversion are 13,899 (22,918 − 9,019), which appear to be retained or reflected in related spouse/trust holdings per the footnotes.
Key Details
- Transaction date: 2026-02-28. Filing date: 2026-03-03 (filed timely).
- Conversion (M): 22,918 RSUs -> 22,918 shares acquired at $0.00.
- Tax withholding (F): 9,019 shares withheld at $19.00 per share = $171,361.
- Shares remaining after withholding: 13,899 shares (22,918 − 9,019).
- Notable footnotes: F1/F9/F10 — these were RSUs that vested (each RSU = 1 share); F10 notes the RSU award vests in 24 equal monthly installments from Jan 1, 2025 to Dec 31, 2026. Multiple footnotes (F2–F8) indicate some reported shares are held by the reporting person’s spouse or by trusts/entities and include customary disclaimers of beneficial ownership.
- Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = payment of tax liability via share withholding.
Context
- This was not an open-market sale or purchase: it was routine RSU vesting with shares withheld to satisfy tax obligations (a common, non‑sentiment event). Because the acquisition price is $0 (RSU vesting), the economic effect is tax withholding rather than an investment buy or sell. As a reported 10% owner, filings also disclose related spouse and trust holdings; those disclosures do not necessarily indicate the reporting person’s direct trading intent.
Insider Transaction Report
Form 4
Lucas Shannon
DirectorPresident & COO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2026-02-28+22,918→ 203,220 total - Tax Payment
Common Stock
[F1]2026-02-28$19.00/sh−9,019$171,361→ 194,201 total - Exercise/Conversion
Common Stock
[F2][F3]2026-02-28+22,918→ 1,123,646 total(indirect: By Spouse) - Exercise/Conversion
Restricted Stock Unit
[F9][F10]2026-02-28−22,918→ 231,144 total→ Common Stock (22,918 underlying) - Exercise/Conversion
Restricted Stock Unit
[F9][F10][F3]2026-02-28−22,918→ 231,144 total(indirect: By Spouse)→ Common Stock (22,918 underlying)
Holdings
- 1,650,000(indirect: By LLC)
Common Stock
[F4] - 1,925,000(indirect: By Spouse)
Common Stock
[F5] - 1,925,000(indirect: By Spouse)
Common Stock
[F6] - 2,575,837(indirect: By Spouse)
Common Stock
[F7] - 39,875,000(indirect: By Spouse)
Common Stock
[F8]
Footnotes (10)
- [F1]The reported shares were withheld to cover the reporting person's tax liability associated with the restricted stock units that vested on February 28, 2026.
- [F10]These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the reporting person's continued employment or service through each applicable vesting date.
- [F2]The amount shown reflects the amount owned by the reporting person's spouse after the withholding of 9,019 shares of common stock for the payment of the tax liability associated with the vesting of restricted stock units on February 28, 2026.
- [F3]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 her 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.
- [F4]The securities reported herein are held by Securus Risk Management LLC, which is an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of her 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.
- [F5]Represent shares held through the Emma Cloonen Irrevocable Trust, of which the reporting person's spouse 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.
- [F6]Represent shares held through the Ava Cloonen Irrevocable Trust, of which the reporting person's spouse 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.
- [F7]Represent shares of common stock held by the reporting person's spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014. The reporting person disclaims beneficial ownership of these securities except to the extent of her 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.
- [F8]Represent shares of common stock beneficially owned by the reporting person's spouse through IIM Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of her 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.
- [F9]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
Signature
/s/ Andy Omiridis, Attorney-in-Fact for Shannon Lucas|2026-03-03