LARSON MATTHEW PAUL 4

What Happened

• Matthew Paul Larson, Chief Risk Officer of Slide Insurance (SLDE), exercised stock options and then sold the resulting shares on May 4, 2026.
• He exercised 5,000 options at $0.79 per share (cost $3,950) and sold 5,000 common shares in an open‑market sale for a weighted average price of $18.57, yielding approximately $92,850.
• The filing also shows a derivative conversion line (5,000 shares @ $0.00) reflecting the conversion/transfer step in the exercise/sale process.

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 6, 2026 (timely within the two‑business‑day reporting window).
• Exercise: 5,000 options at $0.79 each (total $3,950).
• Sale: 5,000 shares sold, weighted avg price $18.57; proceeds ≈ $92,850. Sale prices ranged from $18.30 to $19.01 per share (filing footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: Transactions were executed pursuant to a 10b5‑1 trading plan adopted Dec 4, 2025 (pre‑arranged). The options exercised are fully vested and exercisable.

Context

• The sequence (exercise followed by immediate sale) is a common cashless or pre‑planned option exercise/sale used to realize gains; the 10b5‑1 plan indicates the trades were pre‑scheduled and not ad hoc. This is typically viewed as routine insider liquidity rather than a direct signal about company prospects.