Slide Insurance (SLDE) Director Robert Gries Jr Sells Shares
$SLDE · Slide Insurance Holdings, Inc.Research Summary
AI-generated summary of this SEC filing
Slide Insurance (SLDE) Director Robert Gries Jr Sells Shares
What Happened
Robert Gries Jr, a director of Slide Insurance Holdings, sold a total of 56,424 shares in two open‑market transactions. On 2026‑08‑03 he sold 28,212 shares at a weighted average price of $20.33 for proceeds of $573,550, and on 2026‑08‑04 he sold 28,212 shares at a weighted average price of $20.44 for proceeds of $576,653 — total proceeds approximately $1,150,203. These were sales (not purchases) executed pursuant to a prearranged 10b5‑1 trading plan.
Key Details
- Transaction dates: 2026‑08‑03 (28,212 sh @ $20.33, $573,550) and 2026‑08‑04 (28,212 sh @ $20.44, $576,653). Total = 56,424 sh for $1,150,203.
- Reported price ranges: Aug 3 sale prices ranged $20.05–$20.63 (weighted avg $20.33); Aug 4 ranged $20.30–$20.62 (weighted avg $20.44). The reporting person can provide exact quantities at each price on request (per the filing).
- Plan/authorization: Sales were made under a 10b5‑1 trading plan adopted Dec 12, 2025 (preplanned sales).
- Holdings: The securities are held by GRM Family Limited Partnership, an entity controlled by Gries; he disclaims beneficial ownership except for his pecuniary interest (per filing).
- Filing timeliness: Form 4 was filed 2026‑08‑05 covering the Aug 3–4 transactions (filed within the usual two‑business‑day window).
Context
A 10b5‑1 plan indicates the sales were prearranged and therefore routine in many cases; it does not necessarily signal a change in the insider’s view of the company. The holdings are held through a family partnership, which is common for insiders; the filing disclaims direct beneficial ownership beyond pecuniary interest.