Lucas Bruce 4

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.