Lucas Bruce 4
Research Summary
AI-generated summary
Slide Insurance CEO Lucas Bruce Sells 184,817 Shares
What Happened
- Lucas Bruce, CEO of Slide Insurance Holdings, sold 184,817 shares on May 20, 2026 in an open-market/private sale for a weighted average price of $18.78 per share (price range $18.75–$18.84), producing gross proceeds of approximately $3,470,863. This was a sale (not a purchase) executed pursuant to a pre-established 10b5-1 trading plan.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (generally timely).
- Sale type/code: Open market or private sale (S).
- Price: Weighted average $18.78; individual trades ranged $18.75–$18.84 per share.
- Total proceeds: ~$3,470,863.
- 10b5-1 plan: Sale executed under a 10b5-1 trading plan adopted by Mr. Bruce on Nov 21, 2025 (Footnote F1).
- Related spouse/trust notes: Filing includes multiple disclaimers that certain shares are held by entities or trusts (IIM Holdings II, LLC; spouse holdings; Securus Risk Management LLC; Emma and Ava Cloonen Irrevocable Trusts) and the reporting person disclaims beneficial ownership of those shares except for any pecuniary interest (Footnotes F3–F8). The filing also notes the spouse sold 18,279 shares on May 20, 2026 under a 10b5-1 plan (Footnote F5).
- Detailed per-price breakdown: Weighted average reported; the filer will provide the SEC staff or others full information on the number sold at each separate price upon request (Footnote F2).
- Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
Context
- Sales under 10b5-1 plans are prearranged and often reflect scheduled disposition rather than ad hoc insider sentiment; they are common for executives managing planned liquidity or diversification. This report is factual disclosure of the sale and should not be taken as a direct indicator of company outlook.