LARSON MATTHEW PAUL 4

What Happened Matthew Paul Larson, Chief Risk Officer of Slide Insurance Holdings (SLDE), exercised vested stock options and immediately sold the resulting 11,250 shares on May 11, 2026. He exercised options at $0.79 per share (cost ~$8,888) and sold the shares in an open‑market transaction for a weighted average price of $18.67 per share (total proceeds ~$210,038). The filing shows a related derivative disposition entry for 11,250 options at $0.00, reflecting the conversion/settlement of the derivative instrument on exercise.

Key Details

• Date of transactions: May 11, 2026 (reported on Form 4 filed May 13, 2026) — filing appears timely.
• Exercise: 11,250 shares at $0.79 each (total cost reported $8,888).
• Sale: 11,250 shares sold, weighted average sale price $18.67; total proceeds reported $210,038. Reported sale prices ranged $18.40–$18.96 per share (filing offers to provide per‑price breakdown on request).
• Derivative entry: 11,250 options converted/disposed at $0.00 (reflects settlement on exercise).
• Footnotes: Transactions were executed pursuant to a 10b5‑1 trading plan adopted Dec 4, 2025. The options were fully vested and exercisable.
• Shares owned after the transactions: not specified in the provided filing details.

Context This was an exercise of vested options followed by an immediate sale under a pre‑arranged 10b5‑1 plan (a common way insiders sell without active timing). For retail investors, note this is a sale (routine liquidity); it does not necessarily indicate a change in the insider’s view of the company. The filing documents both the option exercise (derivative conversion) and the open‑market sale of the underlying shares.