Slide Insurance (SLDE) 10% Owner Lucas Shannon Receives Award

What Happened

• Lucas Shannon, a reported 10% owner of Slide Insurance (SLDE), had 22,918 restricted stock units (RSUs) convert into common shares on August 31, 2026. The filing shows 9,019 of those shares were withheld to cover tax withholding at an implied price of $23.25, totaling about $209,692. The remaining 13,899 shares were issued (22,918 vested − 9,019 withheld).
• These entries are recorded as derivative exercises/conversions (code M) for the vesting and a tax-payment disposition (code F) for the shares withheld. The RSUs represent contingent rights to receive one share each upon vesting (footnote F7).

Key Details

• Transaction date: August 31, 2026; Filing date: September 2, 2026 (appears timely).
• Vesting/conversion: 22,918 RSUs converted to shares (code M) at $0.00 per share (RSU conversion).
• Tax withholding: 9,019 shares withheld and disposed (code F) at $23.25 per share = $209,692.
• Net shares delivered to holder after withholding: 13,899 shares.
• Ownership/beneficial notes: Several footnotes (F1, F3–F6) state these shares are held by the reporting person’s spouse, trusts, or entities (e.g., Securus Risk Management LLC, IIM Holdings II, Emma/Ava Cloonen Trusts), and the reporting person disclaims beneficial ownership except for any pecuniary interest.
• Vesting schedule context: The RSUs vest monthly over 24 months (Jan 1, 2025–Dec 31, 2026) per footnote F8 — this transaction reflects a scheduled vesting event, not an opportunistic market trade.

Context

• This was a routine RSU vesting with shares withheld to satisfy tax obligations (a common cashless-withholding practice), not an open-market sale. Such withholdings should not be read as a directional buy/sell signal.
• As a reported 10% owner, the filings reflect holdings through spouse/trusts and controlled entities; check full Form 4 and footnotes for exact post-transaction ownership details and any related entities.