Mwashuma Kamata Nyatta - Aug 18, 2022 Form 4 Insider Report for Lemonade, Inc. (LMND)

Role: Director
Signature: /s/ Timothy Bixby, Attorney-in-Fact for Shu Nyatta
Stock symbol: LMND
Transactions as of: Aug 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/22/2022, 09:51 PM
Next filing: Jun 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LMND	COMMON STOCK	Award	$0	+6.16K		$0.00	6.16K	Aug 18, 2022	Direct	F1
holding	LMND	COMMON STOCK						12M	Aug 18, 2022	See Explanation of Responses	F2

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

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock units, which will vest in three equal annual installments. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2	SoftBank Group Capital Ltd ("SoftBank") has delegated all voting and dispositive power over the LMND shares it holds to a three-member joint investment committee (the "JIC") consisting of Daniel Schreiber, Shai Wininger and the Reporting Person, which shall act unanimously. The shares are directly held by SoftBank. The Reporting Person may be deemed to have voting and dispositive power with respect to the shares held by SoftBank. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. As of April 2022, the Reporting Person ceased to be associated with SoftBank and its affiliates. Upon his replacement on the JIC (which is in process), the Reporting Person will no longer be deemed to beneficially own such shares.

Content

Represents an award of restricted stock units, which will vest in three equal annual installments. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

SoftBank Group Capital Ltd ("SoftBank") has delegated all voting and dispositive power over the LMND shares it holds to a three-member joint investment committee (the "JIC") consisting of Daniel Schreiber, Shai Wininger and the Reporting Person, which shall act unanimously. The shares are directly held by SoftBank. The Reporting Person may be deemed to have voting and dispositive power with respect to the shares held by SoftBank. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. As of April 2022, the Reporting Person ceased to be associated with SoftBank and its affiliates. Upon his replacement on the JIC (which is in process), the Reporting Person will no longer be deemed to beneficially own such shares.