Joel Cutler - Jun 2, 2021 Form 4 Insider Report for Lemonade, Inc. (LMND)

Role
Director
Signature
/s/ Christopher McCain, Attorney-in-Fact for Joel Cutler
Stock symbol
LMND
Transactions as of
Jun 2, 2021
Transactions value $
-$54,074,973
Form type
4
Date filed
6/4/2021, 04:04 PM
Next filing
Sep 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMND Common Stock Sale -$377K -3.91K -0.41% $96.44 951K Jun 2, 2021 Directly held by General Catalyst Group VIII, L.P. F1, F2
transaction LMND Common Stock Sale -$20.1M -207K -21.76% $97.26 744K Jun 2, 2021 Directly held by General Catalyst Group VIII, L.P. F2, F3
transaction LMND Common Stock Sale -$4.54M -46.4K -6.24% $97.75 698K Jun 2, 2021 Directly held by General Catalyst Group VIII, L.P. F2, F4
transaction LMND Common Stock Sale -$437K -4.53K -0.41% $96.44 1.1M Jun 2, 2021 Directly held by General Catalyst Group VIII Supplemental, L.P. F1, F2
transaction LMND Common Stock Sale -$23.3M -240K -21.76% $97.26 863K Jun 2, 2021 Directly held by General Catalyst Group VIII Supplemental, L.P. F2, F3
transaction LMND Common Stock Sale -$5.26M -53.8K -6.24% $97.75 809K Jun 2, 2021 Directly held by General Catalyst Group VIII Supplemental, L.P. F2, F4
holding LMND Common Stock 11.4K Jun 2, 2021 Direct
holding LMND Common Stock 1.44K Jun 2, 2021 See footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $95.72 to $96.68, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes (3) through (4) of this Form 4.
F2 General Catalyst GP VIII, LLC ("GC VIII LLC") is the general partner of General Catalyst Partners VIII, L.P., which is the general partner of General Catalyst Group VIII, L.P. ("GC Group VIII") and General Catalyst Group VIII Supplemental, L.P. ("GC Group VIII Supplemental"). General Catalyst Group Management, LLC ("GCGM") is the manager of GC VIII LLC. General Catalyst Group Management Holdings, L.P. ("GCGMH") is the manager of GCGM. General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of GCGMH. Each of Kenneth Chenault, Joel Cutler, David Fialkow, and Hemant Taneja is a managing director of GCGMH LLC and shares voting and investment power over the shares held by GC Group VIII and GC Group VIII Supplemental. However, the reporting person disclaims beneficial ownership over such shares except to the extent of his pecuniary interest therein, if any.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.68 to $97.63, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.64 to $98.04, inclusive.
F5 Held by Joel E. Cutler Family 2012 GST Trust. The reporting person's spouse is a trustee of the trust. The reporting person disclaims beneficial ownership over such shares except to the extent of his pecuniary interest therein, if any.