Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 258

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 258
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BITDA targets. During the three months ended March 31, 2025 and 2024, 950,000 and 600,000 shares vested or expected to vest from the performance-based shares based on performance conditions, respectively. The total fair value of the performance shares vested or expected to vest during the months ended March 31, 2025 and 2024 were $3,673 and $2,080, respectively. As of March 31, 2025 and 2024, 250,000 and 600,000 of the performance-based options were unvested and had not yet had performance conditions met, with a total value of $1,067 and $2,660, respectively. The Company has recorded compensation expense, included in General and administrative expense in the Consolidated Statements of Operations and Additional paid-incapital in the Consolidated Balance Sheets, several of the revenue and EBITDA performance conditions as vested for the three months ended March 31, 2025 and 2024. The Company believes that it is probable this amount will be paid out, based upon Company performance. Restricted Stock Awards From time to time, the Company has granted and may grant restricted stock awards to certain executive officers, other employees and nonemployee directors in connection with their service to the Company. The terms of the Company’s outstanding restricted stock grant include service conditions. The determination of fair value with respect to the awards containing only service-based conditions is based on the option pricing method of determining the fair value of the Company’s stock on the grant date. Information with respect to the activity of unvested restricted stock awards during the three months ended March 31, 2025, and March 31, 2024 is as follows:

| Nonvested Shares             
 Nonvested at January 1, 2024 |     | (shares in 
 thousands) 
 Shares     |   — |     | Weighted-  
 Average    
 Grant-Date |     — |
|:-----------------------------|:----|:-----------|----:|:----|:-----------|------:|
| Granted                      |     |            |   — |     |            |     — |
| Vested                       |     |            |   — |     |            |     — |
| Forfeited or expired         |     |            |   — |     |            |     — |
| Nonvested at March 31, 2024  |     |            |   — |     |            |     —