Lucas Shannon 4

What Happened
Lucas Shannon, a reported 10% owner of Slide Insurance Holdings, sold a total of 26,141 shares of SLDE in two open‑market transactions. On May 7, 2026 she disposed of 17,141 shares at a weighted average price of $18.81 (proceeds ~$322,422), and on May 11, 2026 she sold 9,000 shares at a weighted average price of $18.76 (proceeds ~$168,840). Total gross proceeds were roughly $491,262. These sales were made pursuant to a pre‑established 10b5‑1 trading plan adopted November 21, 2025.

Key Details

• Transaction dates and amounts: May 7, 2026 — 17,141 shares @ $18.81 (≈ $322,422); May 11, 2026 — 9,000 shares @ $18.76 (≈ $168,840).
• Reported price range across transactions: $18.75 to $18.91 per share (filing provides weighted averages and ranges).
• Plan: Sales executed under a 10b5‑1 trading plan adopted Nov 21, 2025 (footnote F1).
• Holdings/disclaimer: Some reported securities are held by Securus Risk Management LLC (entity controlled by the reporting person); the filing includes standard disclaimers about beneficial ownership. The filing also references shares held by the reporting person’s spouse and various trusts (see footnotes).
• Shares owned after transaction: The filing does not state a specific remaining share count for Lucas Shannon on the Form 4 summary line; the filing does note related spouse sales of 264,317 shares between May 7–11 under a 10b5‑1 plan (footnote F6).
• Timeliness: Form filed May 11, 2026; transactions occurred May 7 and May 11 — filing appears timely under Section 16 reporting rules.

Context
Sales under a 10b5‑1 plan are pre‑arranged and typically allow insiders to sell shares without making contemporaneous trading decisions; they are often routine and do not necessarily signal a change in the insider’s view of the company. As a 10% owner, Shannon is a major shareholder (not necessarily an executive), so these transactions reflect management of large holdings rather than an ordinary employee sale.