Slide Insurance (SLDE) CRO Matthew Larson Sells 11,374 Shares

What Happened
Matthew Paul Larson, Chief Risk Officer of Slide Insurance Holdings (SLDE), exercised stock options to acquire 11,374 shares at $1.38 per share (cost $15,696) and immediately sold those 11,374 shares in the open market for a weighted average price of about $26.00 per share, generating proceeds of roughly $295,724. The transactions were executed the same day (2026-09-14) and were reported on a Form 4 filed 2026-09-16. Net proceeds before taxes and fees were approximately $280,028 (sales proceeds minus exercise cost).

Key Details

• Transaction date: 2026-09-14; filing date: 2026-09-16 (timely filing).
• Exercise: 11,374 shares exercised at $1.38/share (total $15,696).
• Sale: 11,374 shares sold in open market at weighted avg ~$26.00/share (total ~$295,724); sale prices ranged $26.00–$26.02.
• Reported as a same-day exercise and sale (derivative code M). One line in the filing shows a derivative disposition at $0.00 — the filing does not provide further detail on that line.
• Plan/footnotes: Sales were executed pursuant to a 10b5-1 trading plan adopted May 4, 2026.
• Options held: Filing notes 38,874 stock options referenced; 25,124 are vested and exercisable, 13,750 vest on July 14, 2027.
• Shares owned after transaction: not specified in the excerpt provided.

Context
This was an option exercise followed by an immediate sale (commonly a cashless exercise and sale) carried out under a pre-established 10b5-1 plan, which is often used to execute routine, pre-arranged trades. Such transactions are generally viewed as routine insider liquidity rather than a direct signal of sentiment; they do not by themselves indicate future company performance.