Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 257

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 257
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, 2025, and December 31, 2024, respectively. The Company is authorized to issue one class of preferred stock (par value of $0.01 per share) to its shareholders. The Company had 20,000,000 shares of preferred stock authorized at March 31, 2025 and December 31, 2024, of which 9,340,750 and 9,340,750 shares were issued and outstanding at March 31, 2025, and December 31, 2024, respectively. All preferred shares have a liquidation preference equal to $13.64 per share and are convertible to common shares at the election of the holder on a one for one basis. The conversion price is decreased if the Company issues shares of its common stock at less than $13.64 per share. At December 31, 2024, the conversion price remained $13.64 per share. The preferred stock is automatically converted to common stock of the Company if either (1) there is an initial public offering of the Company’s common shares resulting in a listing of such shares on a national stock exchange, or (2) holders of at least a majority of the outstanding shares of preferred stock vote to require all preferred stock holders to convert their shares held to common shares of the Company. The preferred stock has no required redemption or expiration. Preferred shareholders have voting rights on an if-convertedbasis to common shares of the Company. Dividends cannot be declared for other stock classes (such as the Company’s common shares) unless the preferred shareholders also receive an equivalent dividend per share. There otherwise are no dividends or distribution requirement for the preferred stock. The Company has issued 120,334 preferred stock warrants with a strike price of $0.01. The warrants were all exercised within 2024. No distributions or dividends were declared or paid during the period ended March 31, 2025, or December 31, 2024.

| 17. | Stock-based Compensation |

On March 31, 2025 and 2024, 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 $3,014 and $272 for the three months ended March 31, 2025 and 2024, respectively. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $764 and $69 for the three months ended March