Lucas Shannon 4

What Happened
Lucas Shannon, listed as a 10% owner of Slide Insurance Holdings, sold 18,279 shares of SLDE on May 20, 2026. The disposals totaled approximately $343,280 at a weighted-average price of $18.78 per share (prices ranged $18.75–$18.84). The filing indicates the sale was made pursuant to a 10b5-1 trading plan adopted November 21, 2025.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely filing).
• Type: Sale (open market or private sale) — 18,279 shares sold.
• Price: Weighted average $18.78; range $18.75–$18.84 (report says full breakdown available on request).
• Proceeds: ≈ $343,280.
• Plan/authorization: Sold under a 10b5-1 trading plan (Footnote F1).
• Holdings/beneficial ownership: The reported securities are held by Securus Risk Management LLC, an entity controlled by the reporting person; the filer disclaims beneficial ownership except to the extent of pecuniary interest (Footnote F3). Several footnotes reference shares held by the reporting person’s spouse and family trusts (F4–F8) and a separate spouse sale of 184,817 shares on May 20 under a 10b5-1 plan (F5).
• No indication in the filing that this was an option exercise, gift, or tax-withholding event.

Context
This was a planned sale under a pre-established 10b5-1 plan, which is commonly used to schedule insider sales and reduce questions about trading timing. As a 10% owner (not necessarily an executive role), these transactions reflect holdings by a significant owner and related entities rather than a routine executive purchase signal. The Form 4 includes standard disclaimers about beneficial ownership via controlled entities and family trusts.