John Peters - Jul 17, 2023 Form 4 Insider Report for Lemonade, Inc. (LMND)

Signature
/s/ Timothy Bixby, Attorney-in-Fact for John Peters
Stock symbol
LMND
Transactions as of
Jul 17, 2023
Transactions value $
-$73,700
Form type
4
Date filed
7/19/2023, 09:18 PM
Previous filing
Jun 6, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMND COMMON STOCK Options Exercise $26.3K +5K +10.46% $5.26 52.8K Jul 17, 2023 Direct
transaction LMND COMMON STOCK Sale -$100K -5K -9.47% $20.00 47.8K Jul 17, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LMND STOCK OPTION Options Exercise $0 -5K -10% $0.00 45K Jul 17, 2023 COMMON STOCK 5K $5.26 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 3, 2023.
F2 The stock option is fully vested.