Slide Insurance Holdings: 10% owner Lucas Shannon exercised 22,919 shares

What happened

• Lucas Shannon, listed as a 10% owner, had 22,919 restricted stock units convert to common stock on Sep 30, 2026 (reported as exercise/conversion of a derivative) at an acquisition price of $0.00 per share.
• On the same date, 9,019 shares were withheld to satisfy the tax liability at $22.31 per share, for a total withholding value of $201,214.

Key details

• Transaction date: Sep 30, 2026.
• Prices and amounts reported: 22,919 shares acquired at $0.00; 9,019 shares withheld/disposed at $22.31 for $201,214.
• Shares owned after the transaction: the filing indicates shares are held by the reporting person’s spouse and by related entities/trusts (see footnotes); the reporting person disclaims beneficial ownership except for any pecuniary interest.
• Relevant footnotes: F2 notes the withholding of 9,019 shares to pay taxes after the vesting of 22,919 restricted stock units; F7 and F8 explain each RSU equals one share and vesting occurred under a 24-month monthly schedule ending Dec 31, 2026; F1 and F3–F6 describe holdings through spouse-controlled entities and trusts and disclaimers of beneficial ownership.

Why it may matter

• The filing reports conversion/vesting of restricted stock units and a tax-withholding settlement rather than an open-market sale.
• The reporting person is identified as a 10% owner, indicating a large holder status in the filing.
• A filing does not show why the insider traded or why the company acted.