Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 185

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 185
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 stock, of which 275,000 options vest in accordance with the following (A) and (B), after giving effect to the
Stock Split) underlying this option will vest and become exercisable upon (A) each date on which the Company first attains “annual gross written premium plus Company revenue” of at least $100,000,000, $150,000,000, $200,000,000, and
$250,000,000; and (B) the achievement of positive EBITDA in each of calendar years 2022, 2023, 2024 and 2025, subject to Mr. Lucas’ continued employment or service at each such vesting event, as described further below in the
discussion following the “Outstanding Equity Awards at Fiscal Year End” table. Any options granted pursuant to the employment agreement that are unvested at the applicable time will be deemed terminated if Mr. Lucas
terminates the Agreement prior to the end of the applicable vesting schedule or if he is terminated for “Cause,” as such term is defined in his employment agreement. If Mr. Lucas’ employment is terminated by the Company without
“Cause,” he will be entitled to full vesting of outstanding options and two years of compensation and benefits under his employment agreement. The agreement includes non-solicit and non-compete restrictive covenants that apply for one year following termination of employment and includes confidentiality/non-disclosure obligations.

Jesse Schalk. On January 31, 2023, we entered into an amended and restated employment agreement with Mr. Schalk, our
President and Chief Financial Officer, which provides for a term of employment through September 1, 2025 (subject to automatic renewal) unless terminated by either party on 90 days’ notice. Under his employment agreement, Mr. Schalk
is entitled to an annual base salary of $600,000, which has been increased to $630,000.28 for 2024. Additionally, pursuant to the terms of the employment agreement, Mr. Schalk is eligible to receive an annual performance bonus with a target
bonus amount of $100,000, with the achievement of such bonus to be determined by the Company’s board of directors, contingent upon satisfaction of performance goals based on Mr. Schalk’s performance during the calendar year as well as
the financial performance of the Company. For 2024, we paid Mr. Schalk an annual discretionary performance bonus of $1,500,000 based upon the