Lucas Shannon 4
Research Summary
AI-generated summary
Slide Insurance (SLDE) 10% Owner Lucas Shannon Sells Shares
What Happened
Lucas Shannon, identified as a 10% owner of Slide Insurance Holdings, sold a total of 98,692 shares in three open-market transactions between May 15–19, 2026. The sales were: 26,692 shares at $18.84 on May 15 ($502,877); 45,000 shares at $19.06 on May 18 ($857,700); and 27,000 shares at $18.97 on May 19 (~$512,190). Total proceeds were approximately $1.87 million. These were dispositions (sales), not purchases.
Key Details
- Transaction dates and amounts:
- 2026-05-15: 26,692 shares @ $18.84 = $502,877
- 2026-05-18: 45,000 shares @ $19.06 = $857,700
- 2026-05-19: 27,000 shares @ $18.97 = $512,190
- Total shares sold: 98,692; total proceeds: ~$1,872,767.
- Filing: Form 4 filed May 19, 2026 — appears timely given the May 15–19 trade dates.
- Notable footnotes: Sales were made pursuant to a 10b5-1 trading plan adopted Nov 21, 2025. The filing also includes a disclaimer that some shares are held through the Ava Cloonen Irrevocable Trust, with customary disclaimers about beneficial ownership.
- Shares owned after the transactions: not specified in the excerpt provided.
Context
As a reported 10% owner, Shannon is a large shareholder; sales done under a pre-established 10b5-1 plan are typically scheduled liquidity transactions and do not, by themselves, indicate a change in sentiment about the company. This report documents dispositions only (S = sale).