Gries Robert JR 4
Research Summary
AI-generated summary
Slide Insurance (SLDE) Director Robert Gries Jr Sells Shares
What Happened
Robert Gries Jr, a director of Slide Insurance Holdings, sold a total of 56,424 shares in two open-market transactions on April 6–7, 2026, generating roughly $1.02 million in proceeds. The filings list 28,212 shares sold on 2026-04-06 at $18.06 ($509,509) and 28,212 shares sold on 2026-04-07 at $18.02 ($508,380).
Key Details
- Transaction dates and amounts:
- 2026-04-06: 28,212 shares sold at $18.06 — $509,509 (reported)
- 2026-04-07: 28,212 shares sold at $18.02 — $508,380 (reported)
- Total shares sold: 56,424; total proceeds ≈ $1,017,889 (~$1.02M).
- Footnotes of note:
- F1: Sales executed pursuant to a 10b5-1 trading plan adopted Dec 12, 2025 (pre‑arranged plan).
- F2/F4: Reporting includes weighted-average prices; reported price ranges for the transactions were $17.82–$18.19 and $17.95–$18.13 respectively. The reporter will provide per-price breakdowns to the SEC or holders on request.
- F3: The securities are held by GRM Family Limited Partnership, an entity controlled by Mr. Gries; he disclaims beneficial ownership except for his pecuniary interest.
- Shares owned after the transaction: not specified in the provided excerpt.
- Filing timeliness: Form 4 filed 2026-04-08 for trades on 2026-04-06 and 04-07 — appears to be filed within the standard two-business-day window.
Context
These were sales under a 10b5-1 plan (a pre-set trading program), which are generally considered routine and reduce implications about the seller’s short-term view. For retail investors, purchases typically carry more direct informational value than routine sales; this filing documents share disposal by a director rather than an acquisition.