Lucas Shannon, President and COO of SLDE, has filed 60 Form 4 transactions, all in a single company. The pattern is one-sided. Across all filings, his total open-market sales reached $9,826,502.99, while his open-market purchases totaled zero. He has not bought a single share on the open market in the entire filing history.
The recent activity, covering roughly the last six months of filings, shows a concentrated selling campaign. Between May 1 and June 11, 2026, Shannon executed 11 open-market sales of SLDE stock, with individual values ranging from $125,495.36 on May 4 to $857,700 on May 18. The sales were clustered, with multiple transactions in the first half of May. He sold $512,190 on May 19, $343,279.62 on May 20, and $427,284.60 on May 27. Two more sales followed in June, worth $324,557.74 and $79,762.08, on June 10 and June 11 respectively.
The remaining recent filings are mechanical. On the last day of each month from April through September, Shannon reported option exercises (code M, valued at $0) paired with shares withheld to cover taxes (code F). The F values ranged from $162,612.57 in May to $209,691.75 in August. These are automatic events tied to equity compensation, not discretionary trades. The last open-market sale was June 11, 2026. Since then, only the monthly M/F pairs have appeared, with the most recent being September 30. The data shows a clear directional bias: sustained selling through the spring, followed by a quiet period of only administrative filings.
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