Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 162

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 162
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 outperforming numerous long-term KPI’s and financial benchmarks, as determined by our board of directors in its discretion. In exchange for this one-time bonus, Mr. Lucas has agreed to reduce his maximum compensation for 2025 to be more in line with comparable executives in the industry. For the avoidance of doubt, all employee compensation described in this section is paid by Slide Insurance Holdings, Inc., and not by any of its subsidiaries, including the Carrier. Additionally, none of the compensation described in this section is included in the Carrier’s rate filings, and such compensation has no impact on rates charged by the Carrier. As contemplated by his employment agreement, on October 8, 2021, we granted to Mr. Lucas (i) an option to purchase 300,000 shares of our common stock, which vested with respect to 75,000 options on September 13, 2022 and thereafter vests monthly in the amount of 6,250 options ( option to purchase shares of our common stock, with options vesting on September 13, 2022 and options vesting monthly thereafter, after giving effect to the Stock Split) and (ii) an option to purchase 400,000 shares of our common stock, of which 112

50,000 shares (option to purchase shares of our common stock, of which 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