Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 309

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 309
---
 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 F-65

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2024 and 2023 (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) 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 December 31, 2024, or 2023.

| 23. | Stock-based Compensation |

On December 31, 2024 and 2023, 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 $2,882 and $2,283 for 2024 and 2023, respectively. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $680 and $528 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 shareholders. 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