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Director Robert Gries Jr. of Slide Insurance Holdings Inc (NYSE:SLDE) sold 358,457 shares of common stock at a price of $15.81 on June 20, 2025, for a total value of $5,667,205. The stock, currently trading at $21.74, has shown significant appreciation since the transaction. According to InvestingPro, SLDE maintains a "GREAT" financial health score of 3.68, supported by strong profitability metrics.
The shares were sold by GRM Family Limited Partnership, an entity controlled by Gries. Following the transaction, GRM Family Limited Partnership directly owns 2,031,265 shares of Slide Insurance Holdings.
On the same day, GRM Family Limited Partnership also converted 2,389,722 shares of Series A Preferred Stock into common stock.
In other recent news, Slide Insurance Holdings, Inc. made a notable entry into the public market with its shares opening at $21, surpassing the initial public offering price of $17. The company launched an upsized IPO, offering 24 million shares of common stock. Of these, Slide itself is selling 16,666,667 shares, while certain selling stockholders are offering 7,333,333 shares. Additionally, the selling stockholders have provided underwriters a 30-day option to purchase up to an extra 3.6 million shares at the initial offering price. It’s important to note that Slide will not receive any proceeds from the shares sold by the selling stockholders. Barclays (LON:BARC) and Morgan Stanley (NYSE:MS) are acting as joint book-running managers for this offering. These developments mark a significant milestone for Slide as it begins trading on the Nasdaq Global Select Market.
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