Lucas Bruce 4
4 · Slide Insurance Holdings, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Slide Insurance (SLDE) CEO Lucas Bruce Receives 22,919 Shares
What Happened
Lucas Bruce, CEO of Slide Insurance Holdings, Inc. (SLDE), had 22,919 restricted stock units (RSUs) convert to common stock on May 31, 2026 (reported on Form 4 filed June 2, 2026). The RSUs converted at $0 (code M: exercise/conversion of derivative). To satisfy tax withholding (code F), 9,019 shares were withheld/disposed at $18.03 each, producing $162,613. Net shares delivered after withholding: 13,900 shares (reported as held by the Reporting Person’s spouse per footnote).
Key Details
- Transaction date: May 31, 2026; Form 4 filed June 2, 2026.
- Main entries: 22,919 RSUs vested/converted (acquired at $0.00); 9,019 shares withheld at $18.03 to cover taxes ($162,613).
- Net shares issued/retained after withholding: 13,900 shares (reported as owned by spouse per F2).
- Relevant footnotes: F1–F6 clarify shares held by IIM Holdings II, the Reporting Person’s spouse, Securus Risk Management LLC, and irrevocable trusts; the Reporting Person disclaims beneficial ownership of many of those shares except for pecuniary interest. F7–F8 confirm each RSU equals one share and describe the vesting schedule (24 monthly installments from Jan 1, 2025 to Dec 31, 2026).
- Codes explained: M = exercise/conversion of derivative (RSU vesting); F = tax withholding (share surrender).
- Filing timeliness: Reported two business days after the May 31 transaction (filed June 2).
Context
These entries reflect RSU vesting (not an open‑market purchase or voluntary sale). The withholding of 9,019 shares is a routine tax-satisfaction mechanism (a form of cashless settlement) rather than a market sale for investment reasons. Note that several shares are reported as held by the insider’s spouse or entities/trusts and the insider disclaims beneficial ownership of those holdings except to the extent of pecuniary interest.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-31+22,919→ 1,174,364 total - Tax Payment
Common Stock
2026-05-31$18.03/sh−9,019$162,613→ 1,165,345 total - Exercise/Conversion
Common Stock
[F2][F3]2026-05-31+22,919→ 233,900 total(indirect: By Spouse) - Exercise/Conversion
Restricted Stock Unit
[F7][F8]2026-05-31−22,919→ 162,388 total→ Common Stock (22,919 underlying) - Exercise/Conversion
Restricted Stock Unit
[F7][F8][F3]2026-05-31−22,919→ 162,388 total(indirect: By Spouse)→ Common Stock (22,919 underlying)
- 34,743,361(indirect: By LLC)
Common Stock
[F1] - 1,142,473(indirect: By Spouse)
Common Stock
[F4] - 1,925,000(indirect: By Trust)
Common Stock
[F5] - 1,925,000(indirect: By Trust)
Common Stock
[F6]
Footnotes (8)
- [F1]The securities reported herein are held by IIM Holdings II, LLC, which is an entity controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F2]The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,919 restricted stock units on May 31, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith.
- [F3]Represent shares of common stock beneficially owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F4]Represent shares of common stock beneficially owned by the Reporting Person's spouse through Securus Risk Management LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F5]Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F6]Represent shares held through the Ava Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F7]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock
- [F8]These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the Reporting Person's continued employment or service through each applicable vesting date.