Lucas Bruce 4
Research Summary
AI-generated summary
Slide Insurance (SLDE) CEO Lucas Bruce Sells Shares
What Happened
- Lucas Bruce, CEO of Slide Insurance Holdings, sold a total of 237,162 shares in two dispositions: 192,695 shares on 2026-06-10 at an average reported price of $17.03 (proceeds $3,281,596) and 44,467 shares on 2026-06-11 at $17.12 (proceeds $761,275). Total proceeds reported: approximately $4,042,871.
- These were sales (not purchases or option exercises). The transactions were executed under a pre-established 10b5‑1 trading plan (see below).
Key Details
- Transaction dates and prices:
- 2026-06-10: 192,695 shares sold at $17.03 (total ~$3.28M).
- 2026-06-11: 44,467 shares sold at $17.12 (total ~$0.76M).
- Footnotes indicate sale prices across related transactions ranged roughly from $17.00 to $17.23 and weighted average prices are reported.
- Plan and filing:
- Sales were made pursuant to a 10b5‑1 plan adopted November 21, 2025; the plan was terminated effective at the close of business on June 12, 2026.
- Form 4 was filed on 2026-06-12 for transactions dated 2026-06-10 and 2026-06-11 (no late filing flag).
- Ownership and disclaimers:
- Some reported securities are held by IIM Holdings II, LLC (an entity controlled by the reporting person); Mr. Bruce disclaims beneficial ownership except for pecuniary interest. Additional footnotes describe shares held by spouse and various trusts; the filing contains disclaimers about beneficial ownership for those holdings.
- Shares owned after the transactions are not specified in the excerpt provided in this summary.
Context
- Trades executed under a 10b5‑1 plan are pre‑arranged and often used to systematically sell shares; such sales are not, by themselves, conclusive evidence of the insider’s current view of the company.
- No option exercises, awards, or gifts were reported in these transactions.