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Director Stephen L. Rohde of Slide Insurance Holdings, Inc. (NYSE:SLDE) sold 7,083 shares of common stock on June 20, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $15.81, for a total transaction value of $111,982. The stock, currently trading at $21.74, has shown significant appreciation since the sale. According to InvestingPro analysis, SLDE appears overvalued at current levels.
Following the transaction, Rohde directly owns 20,417 shares of Slide Insurance Holdings.
The sale was executed pursuant to an underwriting agreement related to Slide Insurance Holdings’ initial public offering.
In other recent news, Slide Insurance Holdings, Inc. made a notable entrance into the Nasdaq Global Select Market with its shares opening at $21, surpassing the initial public offering (IPO) price of $17. The company announced the pricing of its upsized IPO, which consists of 24,000,000 shares of common stock. Of these, Slide is selling 16,666,667 shares, while certain selling stockholders are offering 7,333,333 shares. Additionally, the selling stockholders have provided underwriters with a 30-day option to purchase up to an extra 3,600,000 shares at the IPO price, minus underwriting discounts and commissions. Slide will not benefit financially 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 highlight Slide’s strong market entry and strategic financial maneuvers.
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