Matthew Paul Larson, Chief Risk Officer at Slide Insurance Holdings, Inc. (NASDAQ:SLDE), executed a transaction on May 11, 2026, involving the sale of company stock.
Mr. Larson sold 11,250 shares of the firm's common stock, totaling $210,037. This divestiture was conducted through a pre-arranged trading mechanism, specifically a 10b5-1 plan, which Mr. Larson initially adopted on December 4, 2025.
The weighted average sale price for these shares averaged $18.67 per share. The individual transaction prices observed during the sale ranged from $18.40 up to $18.96.
It is notable that prior to this sale, Mr. Larson had acquired the 11,250 shares of common stock by exercising vested and exercisable stock options on the same day. These specific options carried an exercise price of $0.79 per share, resulting in a total acquisition cost of $8,887 for the batch of shares.
Following these combined transactions, Mr. Larson does not directly hold any common stock shares. However, he retains 38,998 derivative shares in the form of outstanding stock options.
The insider transaction unfolds against a backdrop of varied market data for Slide Insurance. Currently, the company's trading price stands at $18.20. This level is reported to be below InvestingPro’s Fair Value estimate, which suggests that the stock may possess an undervalued valuation profile.
On a fundamental operational level, the company maintains an