Alex Clavel - 31 Mar 2023 Form 4 Insider Report for Lemonade, Inc. (LMND)

Role: Former 10% Owner
Signature: /s/ Alex Clavel
Issuer symbol: LMND
Transactions as of: 31 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2023, 21:04:05 UTC
Previous filing: 30 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMND	Common stock, par value $0.00001 per share	Other		-11,983,384	-100%		0	31 Mar 2023	See Explanation of Responses	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Alex Clavel is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This "Exit" Form 4 is filed to report that, on March 31, 2023, the joint investment committee of the Issuer, to which SoftBank Group Capital Ltd ("SBGC") had delegated voting and dispositive power over the common stock of the Issuer held by SBGC and of which committee the Reporting Person was a member, was dissolved, whereupon the Reporting Person ceased to be deemed an indirect beneficial owner of the common stock of the Issuer held by SBGC.

Content

This "Exit" Form 4 is filed to report that, on March 31, 2023, the joint investment committee of the Issuer, to which SoftBank Group Capital Ltd ("SBGC") had delegated voting and dispositive power over the common stock of the Issuer held by SBGC and of which committee the Reporting Person was a member, was dissolved, whereupon the Reporting Person ceased to be deemed an indirect beneficial owner of the common stock of the Issuer held by SBGC.