Maya Prosor - Nov 21, 2024 Form 4 Insider Report for Lemonade, Inc. (LMND)

Signature
/s/ Timothy Bixby, Attorney-in-Fact for Maya Prosor
Stock symbol
LMND
Transactions as of
Nov 21, 2024
Transactions value $
-$1,500,000
Form type
4
Date filed
11/25/2024, 06:40 PM
Previous filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMND COMMON STOCK Sale -$1.5M -30K -50.6% $50.00* 29.3K Nov 21, 2024 Directly held by Cohen Holdings, LLC F1, F2
holding LMND COMMON STOCK 8.99K Nov 21, 2024 Direct F3
* 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 sale pursuant to a Rule 10b5-1 trading plan.
F2 The Reporting Person is the owner of Cohen Holdings, LLC and has voting and dispositive control over the shares held by Cohen Holdings, LLC.
F3 This number includes 7,576 restricted stock units, which began to vest in sixteen equal quarterly installments beginning on March 1, 2024.