Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 186

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 186
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 stock could make more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger, or otherwise.

Delaware anti-takeover law: We are subject to Section 203 of the DGCL, which is an anti-takeover law. In general, Section 203 prohibits
a publicly held Delaware corporation from engaging in a business combination, such as a merger, with an interested stockholder for a period of three years following the date that the person became an interested stockholder, unless the business
combination or the transaction in which the person became an interested stockholder is approved in a prescribed manner. Generally, an interested stockholder is a person who, together with affiliates and associates, owns 15% or more of the
corporation’s outstanding voting stock or is the corporation’s affiliate or associate and was the owner of 15% or more of the corporation’s outstanding voting stock at any time within the three-year period immediately before the date
of determination. The existence of this provision may have an anti-takeover effect with respect to transactions that are not approved in advance by our board, including discouraging attempts that might result in a premium over the market price for
the shares of common stock held by stockholders. Further, our Stockholders Agreement will provide that, until the Substantial Ownership Requirement, which is defined in our Stockholders Agreement as requiring 10% of the aggregate number of
outstanding shares of our common stock to be beneficially held by the Pre-IPO Significant Stockholders, is no longer met, any business combination resulting the merger, consolidation or sale of all, or substantially all, of our assets, and any
acquisition or disposition of any asset or business having consideration in excess of 15% of our total assets, must be approved by the Pre-IPO Significant Stockholders.

No cumulative voting: Under Delaware law, the right to vote cumulatively does not exist unless the certificate of incorporation
specifically authorizes cumulative voting. Our amended and restated certificate of incorporation will not authorize cumulative voting. Therefore, stockholders holding a majority of the shares of our stock entitled to vote generally in the election
of directors will be able to elect all of our directors.

Advance notice procedures: Our bylaws will establish an advance
notice procedure for stockholder proposals to be brought before an annual meeting of our stockholders, including proposed nominations of persons for election to the board of directors, proposing the removal of a director, proposing any repeal or
change in