Gries Robert JR 4
Research Summary
AI-generated summary
Slide Insurance (SLDE) Director Robert Gries Sells Shares
What Happened
Robert Gries Jr., a director of Slide Insurance Holdings, sold a total of 56,424 shares in two transactions. On May 5, 2026 he sold 28,212 shares at a weighted average price of $18.55 for proceeds of $523,333. On May 6, 2026 he sold another 28,212 shares at a weighted average price of $18.70 for proceeds of $527,564. Total proceeds were about $1.05 million. These were sales (not purchases).
Key Details
- Transaction dates and amounts:
- 2026-05-05: 28,212 shares sold, weighted avg price $18.55, proceeds $523,333 (price range reported $18.28–$18.65).
- 2026-05-06: 28,212 shares sold, weighted avg price $18.70, proceeds $527,564 (price range reported $18.53–$18.88).
- Total shares sold: 56,424; total proceeds ≈ $1,050,897.
- Shares owned after transaction: Not stated in the filing; the securities are held by GRM Family Limited Partnership, an entity controlled by Gries (he disclaims beneficial ownership except for pecuniary interest).
- Plan/footnotes: Sales were made pursuant to a 10b5-1 trading plan adopted by Gries on December 12, 2025. The filing notes weighted-average prices and states the reporter will provide detailed per-price breakdowns to the SEC or other parties on request.
- Timeliness: Filing dated May 7, 2026; transactions dated May 5–6, 2026 — reported within the normal two-business-day window.
Context
These were planned sales under a pre-established 10b5-1 trading plan, which allows insiders to sell on a schedule without active trading decisions at the time of each sale. Sales under such plans are common and do not, by themselves, indicate management view of the company’s prospects.