Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 168

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 168
---
000, which base salary is subject to a 6% increase annually during the contract term and is now $898,880.06. Additionally, Mr. Lucas is eligible to receive an annual performance bonus with a target amount to be determined by the Company’s board of directors. The bonus is discretionary and based on his performance during the applicable calendar year. For 2024, we paid Mr. Lucas an annual discretionary performance bonus of $14,424,933 based upon the achievement of 2024 individual and Company performance goals as determined by our board of directors in its discretion. As contemplated by his employment agreement, on October 8, 2021, we granted to Mr. Lucas (i) an option to purchase 200,000 shares of our common stock, which vested with respect to 50,000 options on September 13, 2022 and thereafter vests monthly in the amount of 1,250 options and (ii) an option to purchase 400,000 shares of our common stock, of which 50,000 shares 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 above. 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 116

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