Slide Insurance Holdings Inc. (NASDAQ: SLDE) reported insider sales this week after a Form 4 filing showed Chief Executive Officer Bruce Lucas sold a total of 326,216 shares of common stock on March 16 and March 17, 2026. The two transactions together were worth approximately $5.9 million, according to the filing with the Securities and Exchange Commission.
On March 16, Lucas sold 227,500 shares at an average price of $18.13 per share, with execution prices ranging from $18.00 to $18.25. That single-day sale generated $4,124,575 in gross proceeds. Following the March 16 transaction, Lucas was recorded as directly owning 38,994,033 shares of Slide Insurance common stock.
The subsequent sale on March 17 consisted of 98,716 shares sold at an average price of $18.44, with trade prices between $18.31 and $18.48. That transaction produced $1,819,182 in proceeds. After this March 17 sale, Lucas directly owned 38,895,317 shares.
The shares were sold indirectly through IIM Holdings II, LLC, an entity controlled by Lucas. The Form 4 filing indicates the trades were executed pursuant to a pre-arranged 10b5-1 trading plan that Lucas adopted on November 21, 2025.
At the time the sale details were reported, Slide Insurance's common shares were trading at $17.75, which is below the prices at which Lucas sold portions of his holding. The company's market capitalization stood at about $2.27 billion.
Alongside the disclosure of the insider sales, published data referenced an InvestingPro assessment that classifies SLDE as appearing undervalued versus its Fair Value assessment and trading at a low earnings multiple. That same analysis noted Slide Insurance carries an "EXCELLENT" financial health score of 3.82.
Slide Insurance also recently released fourth-quarter 2025 results that considerably outperformed expectations. The company reported earnings per share of $1.23 versus a consensus forecast of $0.71, a 73.24% positive surprise. Quarterly revenue reached $347 million, up from $238.5 million in the prior-year period.
Market research and sell-side commentary reflected those results: Keefe, Bruyette & Woods raised its price target on Slide Insurance to $23 from $22 while keeping an Outperform rating. The firm cited the strong fourth-quarter results and noted higher accretion related to incremental Citizens takeout activity as reasons for the target adjustment. The earnings release also coincided with notable after-hours stock movement, though specific price swings were not detailed in the regulatory filing covering the insider trades.
The SEC Form 4 provides a transparent record of the sales, and it specifies the trading plan under which the transactions took place. Beyond the filing and the company results, other referenced research indicates Slide Insurance is among the more than 1,400 U.S. equities covered by comprehensive Pro Research Reports available through InvestingPro.
Contextual note - The Form 4 disclosure, the trading plan adoption date, the number of shares sold, the per-share price ranges, the resulting proceeds and Lucas’ post-transaction direct shareholdings are drawn directly from the SEC filing and the company’s reported financial results for fourth-quarter 2025.