Lucas Shannon 4

What Happened Lucas Shannon, a reported 10% owner of Slide Insurance Holdings, sold a total of 23,717 shares of SLDE in two transactions: 19,058 shares on 2026-06-10 at an average price of $17.03 ($324,558) and 4,659 shares on 2026-06-11 at an average price of $17.12 ($79,762), for combined proceeds of roughly $404,320. These sales were made pursuant to a 10b5‑1 trading plan adopted November 21, 2025; the plan was terminated effective at the close of business on June 12, 2026.

Key Details

• Transaction dates and prices: 2026-06-10 — 19,058 shares @ $17.03 (weighted avg); 2026-06-11 — 4,659 shares @ $17.12 (weighted avg). Reported price range for the sold shares: $17.00–$17.13 per share.
• Total shares sold: 23,717; total proceeds: ~$404,320.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: sales were pursuant to a pre-established 10b5‑1 plan (adopted 11/21/2025) which was terminated effective 6/12/2026; some reported securities are held by Securus Risk Management LLC, an entity controlled by the reporting person, with customary disclaimers of beneficial ownership.
• Filing timeliness: Form 4 was filed 2026-06-12, within the typical two-business-day window after the reported trades.

Context Sales under a 10b5‑1 plan are pre-scheduled transactions and are often routine liquidity events rather than new, discretionary insider selling. Lucas Shannon is reported as a 10% owner (not necessarily an officer), and the filing also notes related spouse/entity holdings and sales in the same period (spouse sales per footnotes totaled larger amounts). For retail investors, purchases tend to convey stronger direct insider confidence than routine plan-based sales; these transactions should be viewed as part of planned selling activity rather than an explicit signal about company fundamentals.