Lucas Shannon, President and COO of Slide Insurance Holdings (NASDAQ:SLDE), sold 18,279 shares of common stock on May 20, 2026, for a total value of $343,279.
The shares were sold at prices ranging from $18.75 to $18.84, with a weighted average of $18.78. The sale was executed under a 10b5-1 trading plan adopted on November 21, 2025.
Following the sale, Securus Risk Management LLC, an entity controlled by Shannon, holds 1,165,021 shares. The stock trades at $18.63 with a market cap of $2.12 billion.
According to Bond.az analysis, SLDE appears undervalued. The company has been profitable over the last twelve months, with diluted earnings of $3.62 per share.
Shannon directly holds 220,000 shares. His spouse directly holds 1,151,445 shares and indirectly through IIM Holdings II, LLC holds 34,971,348 shares. The spouse also sold 184,817 shares on May 20, 2026.
Additional indirect holdings: Emma Cloonen Irrevocable Trust (1,925,000 shares) and Ava Cloonen Irrevocable Trust (1,925,000 shares), for which Shannon's spouse serves as trustee. Shannon disclaims beneficial ownership.
Slide Insurance reported strong Q1 2026 earnings: EPS of $1.02 (beating $0.67 estimate) and revenue of $389.3 million. Texas Capital Securities raised the price target to $27.00 with a Buy rating. The company also entered California's residential property insurance market.
