Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 280

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 280
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 |     |            | 1,232 |     |            | 2.24 |
| Granted                        |     |            |   760 |     |            | 2.39 |
| Vested                         |     |            |   201 |     |            | 2.24 |
| Forfeited or expired           |     |            |   462 |     |            | 2.39 |
| Nonvested at December 31, 2022 |     |            | 1,329 |     |            | 2.31 |
| Granted                        |     |            | 1,350 |     |            | 4.71 |
| Vested                         |     |            |   670 |     |            | 2.92 |
| Forfeited or expired           |     |            |    78 |     |            | 3.39 |
| Nonvested at December 31, 2023 |     |            | 1,931 |     |            | 4.12 |

As of December 31, 2023 and 2022, there was $7,951 and $2,221 of total unrecognized compensation cost related to nonvested share-based compensation arrangement granted under the employee share option plan, respectively. The total value of shares vested during the year ended December 31, 2023 and 2022 was $1,984 and $516, respectively. Included in the tables above are 800,000 shares of performance-based option shares and 400,000 shares of performance-based option shares issued by the Company during 2023 and 2021, respectively. These shares vest based upon performance conditions including the date the board approves that the Company has achieved specific revenue and EBITDA targets. During the years ended 2023 and 2022, 350,000 and 250,000 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 2023 and 2022 was $1,519 and $560, respectively. As of December 31, 2023 and 2022, 600,000 and 150,000 of the performance-based options were unvested and had not yet had performance conditions met, with a total value of $2,425 and $336, respectively. The Company has recorded compensation expense, included in General and administrative expense in the Consolidated Statements