Lucas Shannon 4
4 · Slide Insurance Holdings, Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
SLDE 10% Owner Lucas Shannon Exercises RSUs, Sells Shares
What Happened
- Lucas Shannon (reported as a 10% owner) had 22,918 restricted stock units convert to common shares on April 30, 2026 (transaction code M). The conversion is reported at $0.00 per share because these were RSUs vesting into stock.
- To cover tax withholding (transaction code F), 9,019 of those shares were surrendered/withheld valued at $18.65 each (≈ $168,204). Separately, Lucas sold 8,450 shares on May 1, 2026 at $18.77 ($158,607) and 6,647 shares on May 4, 2026 at $18.88 ($125,495). Combined value of the withheld shares plus open‑market sales is about $452,306.
- These transactions are primarily dispositions (sales/withholding); the conversion of RSUs into shares is not a purchase signal. The sales were at prices roughly in the $18.75–$18.90 range.
Key Details
- Transaction dates & prices:
- RSU conversion (vested): 4/30/2026 — 22,918 shares @ $0.00 (acquired via conversion)
- Tax withholding: 4/30/2026 — 9,019 shares @ $18.65 (disposed) ≈ $168,204
- Open-market sales: 5/1/2026 — 8,450 shares @ $18.77 = $158,607; 5/4/2026 — 6,647 shares @ $18.88 = $125,495
- Total shares sold/withheld related to this vesting: 24,666 reported dispositions (9,019 withheld + 15,097 sold); open-market sale proceeds ≈ $284,102; combined value including withholding ≈ $452,306.
- Footnotes:
- Sales were made pursuant to a 10b5-1 trading plan adopted Nov 21, 2025 (planned sales).
- The shares converted were restricted stock units; RSUs vest monthly under a schedule (vesting period runs Jan 1, 2025–Dec 31, 2026).
- Several footnotes indicate some shares are held through spouse‑controlled trusts or entities and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing/timeliness: Form 4 filed 5/4/2026 reporting transactions from 4/30–5/4/2026. The filing does not indicate a late filing in the provided data.
Context
- This is a routine vesting + sell-to-cover tax withholding combined with preplanned open‑market sales (10b5-1). The RSU conversion followed the issuer’s scheduled vesting; the withheld shares covered tax obligations (a common cashless settlement).
- As a reported 10% owner (not labeled here as an executive), these transactions reflect scheduled vesting and plan-driven sales rather than an obvious ad hoc trade. Retail investors should treat these as largely administrative in nature.
Insider Transaction Report
Form 4
Lucas Shannon
DirectorPresident & COO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2026-04-30+22,918→ 231,019 total - Tax Payment
Common Stock
2026-04-30$18.65/sh−9,019$168,204→ 222,000 total - Sale
Common Stock
[F1][F2][F3]2026-05-01$18.77/sh−8,450$158,607→ 1,314,780 total(indirect: By LLC) - Sale
Common Stock
[F1][F4][F3]2026-05-04$18.88/sh−6,647$125,495→ 1,308,133 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F5][F6]2026-04-30+22,918→ 1,151,445 total(indirect: By Spouse) - Exercise/Conversion
Restricted Stock Unit
[F12][F13]2026-04-30−22,918→ 185,307 total→ Common Stock (22,918 underlying) - Exercise/Conversion
Restricted Stock Unit
[F12][F13][F6]2026-04-30−22,918→ 185,307 total(indirect: By Spouse)→ Common Stock (22,918 underlying)
Holdings
- 36,418,363(indirect: By Spouse)
Common Stock
[F7][F8] - 1,925,000(indirect: By Spouse)
Common Stock
[F9] - 1,925,000(indirect: By Spouse)
Common Stock
[F10] - 2,575,837(indirect: By Spouse)
Common Stock
[F11]
Footnotes (13)
- [F1]Sold pursuant to a 10b5-1 trading plan adopted by the Reporting Person on November 21, 2025.
- [F10]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.
- [F11]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.
- [F12]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F13]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]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.75 to $18.90 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.
- [F3]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.
- [F4]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranges from $18.80 to $19.06 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.
- [F5]The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,918 restricted stock units on April 30, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith.
- [F6]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.
- [F7]The amount shown reflects the amount owned by the Reporting Person's spouse after the sale of 152,641 shares of common stock between May 1-4 , 2026, pursuant to a 10b5-1 trading plan, at prices ranging from $18.75 to $19.06 per share.
- [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]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.
Signature
/s/ Andy Omiridis, Attorney-in-Fact for Shannon Lucas|2026-05-04