TIMOTHY E. BIXBY - 24 Mar 2025 Form 4 Insider Report for Lemonade, Inc. (LMND)

Signature
/s/ Timothy Bixby
Issuer symbol
LMND
Transactions as of
24 Mar 2025
Net transactions value
-$187,500
Form type
4
Filing time
26 Mar 2025, 19:27:15 UTC
Previous filing
06 Mar 2025
Next filing
05 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMND COMMON STOCK Options Exercise $118,450 +5,000 +1.9% $23.69 270,309 24 Mar 2025 Direct
transaction LMND COMMON STOCK Sale $187,500 -5,000 -1.8% $37.50 265,309 24 Mar 2025 Direct F1
holding LMND COMMON STOCK 30,000 24 Mar 2025 Held by Timothy E Bixby Family Trust F2

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 $118,450 -5,000 -1.4% $23.69 349,300 24 Mar 2025 COMMON STOCK 5,000 $23.69 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 adopted August 24, 2024.
F2 The Reporting Person is Co-Trustee of Timothy E. Bixby Family Trust ("Trust") and has voting and dispositive control over the shares held by Trust.
F3 The stock option is fully vested.