Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 279

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 279
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 completes a financing round with a post-money valuation of $3 billion or higher, in which case the warrants must be exercised within 30 days of the closing of the financing, or they expire. Otherwise, the warrants did not expire. The warrants were accounted for as equity and the fair value of $160 is included in additional paid-incapital. The warrants were issued in 2021 and calculated value was determined using the Black Scholes option model. On March 6, 2023, the warrants were repurchased and retired along with 1,000,000 shares of common stock for $4 million. No distributions or dividends were declared or paid during the period ended December 31, 2023, or 2022. F-59

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2023 and 2022 (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated)

| 24. | Stock-based Compensation |

On December 31, 2023 and 2022, the Company has one share-based compensation plan, the 2021 Equity Compensation Plan (“The Stock Plan): The compensation cost that has been charged against income for those plans was $2,283 and $1,363 for 2023 and 2022, respectively. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $528 and $346 for 2023 and 2022, respectively. The Company’s 2021 Equity Compensation plan permits the awarding of common stock share options to its employees and strategic advisors for up to 3,088,235 shares. The Company believes that such awards better align the interests of its employees with those of its stockholders. Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant; those option awards generally vest based on 3–5-yearvesting schedules. The fair value of each option award is estimated on the grant date using a Black-Scholes model. The compensation expense for the shares is recognized over the requisite service period for the employee. The following table provides assumptions used in the Black-Scholes option-pricing model to estimate the calculated value of the stock options granted during the years ended December 31, 2023 and 2022:

|                                                  |     | 2023 |       |   |     | 2022 |       |   |
| Weighted-average risk-free interest