Slide Insurance (SLDE) CEO Lucas Bruce Receives RSU Award (22,919)

What Happened

• Lucas Bruce, CEO of Slide Insurance Holdings, had 22,919 restricted stock units (RSUs) convert to common stock on July 31, 2026 (reported on Form 4 filed Aug 4, 2026). The reported transactions show conversion entries (code M) at $0.00 and a tax-withholding disposition (code F) of 9,019 shares at $19.97 each, resulting in withholding proceeds of $180,109.
• Gross value of the 22,919 vested shares at $19.97/share ≈ $457,692. After withholding 9,019 shares for taxes, about 13,900 shares remained delivered (net value ≈ $277,583). The $0.00 per-share figure reflects that these were RSUs converting to stock (no exercise price).

Key Details

• Transaction date: July 31, 2026; Form 4 filed Aug 4, 2026.
• Codes: M = exercise/conversion of derivative (RSU vesting); F = payment of tax liability via share withholding.
• Shares vested: 22,919 RSUs. Shares withheld for taxes: 9,019 (withheld value $180,109). Net shares delivered: ~13,900.
• Footnotes: Shares are reported as held by related entities/spouse/trusts (IIM Holdings II, LLC; spouse holdings; Securus Risk Management LLC; Emma and Ava Cloonen Trusts). Mr. Bruce disclaims beneficial ownership except to the extent of his pecuniary interest.
• Vesting detail: Each RSU converts to one share; these RSUs vest in 24 equal monthly installments from Jan 1, 2025 through Dec 31, 2026 (this reflects scheduled vesting).

Context

• This was a scheduled RSU vesting and a tax-withholding event (common, non-market sale). The $0.00 exercise price indicates conversion of RSUs rather than a paid option exercise. Such events are typically routine compensation-related transactions and do not by themselves signal trading intent.