Matthew Paul Larson, Chief Risk Officer of Slide Insurance Holdings (NASDAQ:SLDE), exercised 11,250 stock options and immediately sold the resulting common shares for a total of approximately $202,000, according to an SEC Form 4 filing.
|
Metric |
Value |
|---|---|
|
Shares sold (direct) |
11,250 |
|
Transaction value |
$202,500.00 |
|
Post-transaction shares (direct) |
0 |
|
Post-transaction value (direct ownership) |
~$0 |
Transaction value based on SEC Form 4 weighted average purchase price ($18); post-transaction value based on direct holdings after transaction completion ($0).
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What does the transaction structure reveal about the nature of the trade?
This was a derivative-driven event: Larson exercised 11,250 fully vested options and liquidated the resulting common shares immediately, with no direct purchases or long-term holding of the stock post-exercise. -
How did this transaction affect Larson’s direct equity stake in Slide Insurance Holdings?
The transaction reduced Larson’s direct common stock holdings from 11,250 shares to zero, representing a full disposition of his direct equity interest in the common shares as of April 6, 2026. -
How does this sale fit into Larson’s recent trading activity and share capacity?
Option exercises and immediate sales have been the exclusive pattern over the last six events, with trade sizes fixed at 11,250 shares each; the declining holding levels over this span reflect systematic option exercises, with zero direct shares remaining after this transaction. -
Does Larson retain any economic exposure to Slide Insurance Holdings after this transaction?
Yes, he continues to hold 31,250 stock options (direct), providing potential for future equity conversion and economic exposure to the company’s share price.
|
Metric |
Value |
|---|---|
|
Price (as of market close April 6, 2026) |
$18.05 |
|
Market capitalization |
$2.24 billion |
|
Revenue (TTM) |
$1.16 billion |
|
Net income (TTM) |
$443.96 million |
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Offers property and casualty insurance products, primarily underwriting single-family and condominium policies.
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Generates revenue by collecting insurance premiums and managing risk through underwriting and claims management.
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Targets individual homeowners and condominium owners seeking property insurance coverage.
Slide Insurance Holdings operates as a holding company specializing in property and casualty insurance, with a focus on single-family and condominium policies. The company leverages underwriting expertise and risk management to drive profitability and scale within the insurance sector. Its customer-centric approach and disciplined underwriting process position it to compete effectively in the U.S. property insurance market.
