Joel E. Cutler - 02 Jun 2021 Form 4 Insider Report for Lemonade, Inc. (LMND)

Reporting relationship: Director
Issuer ticker: LMND
Reported as of: 02 Jun 2021
Net transaction value: -$54,074,973
SEC form: 4
Accepted by SEC: 04 Jun 2021, 16:04:14 UTC
Next SEC filing: 21 Sep 2021
Source filing: View source filing
Reporting owner signature: /s/ Christopher McCain, Attorney-in-Fact for Joel Cutler

Key filing fact

Joel E. Cutler filed Form 4 for Lemonade, Inc. (LMND) on 04 Jun 2021.

Key facts

This page summarizes Joel E. Cutler's Form 4 filing for Lemonade, Inc. (LMND).
6 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 04 Jun 2021, 16:04.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$54,074,973.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LMND transaction

Common Stock

Sale

Transaction value: $376,775
Shares: -3,907
Change %: -0.41%
Price: $96.44
Shares after: 951,415
Date: 02 Jun 2021
Ownership: Directly held by General Catalyst Group VIII, L.P.
Footnotes: F1, F2

LMND transaction

Common Stock

Sale

Transaction value: $20,135,711
Shares: -207,031
Change %: -22%
Price: $97.26
Shares after: 744,384
Date: 02 Jun 2021
Ownership: Directly held by General Catalyst Group VIII, L.P.
Footnotes: F2, F3

LMND transaction

Common Stock

Sale

Transaction value: $4,536,988
Shares: -46,416
Change %: -6.2%
Price: $97.75
Shares after: 697,968
Date: 02 Jun 2021
Ownership: Directly held by General Catalyst Group VIII, L.P.
Footnotes: F2, F4

LMND transaction

Common Stock

Sale

Transaction value: $436,566
Shares: -4,527
Change %: -0.41%
Price: $96.44
Shares after: 1,102,430
Date: 02 Jun 2021
Ownership: Directly held by General Catalyst Group VIII Supplemental, L.P.
Footnotes: F1, F2

LMND transaction

Common Stock

Sale

Transaction value: $23,331,849
Shares: -239,893
Change %: -22%
Price: $97.26
Shares after: 862,537
Date: 02 Jun 2021
Ownership: Directly held by General Catalyst Group VIII Supplemental, L.P.
Footnotes: F2, F3

LMND transaction

Common Stock

Sale

Transaction value: $5,257,084
Shares: -53,783
Change %: -6.2%
Price: $97.75
Shares after: 808,754
Date: 02 Jun 2021
Ownership: Directly held by General Catalyst Group VIII Supplemental, L.P.
Footnotes: F2, F4

LMND holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 11,428
Date: 02 Jun 2021
Ownership: Direct

LMND holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,440
Date: 02 Jun 2021
Ownership: See footnote
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $95.72 to $96.68, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes (3) through (4) of this Form 4.

Footnote F2

General Catalyst GP VIII, LLC ("GC VIII LLC") is the general partner of General Catalyst Partners VIII, L.P., which is the general partner of General Catalyst Group VIII, L.P. ("GC Group VIII") and General Catalyst Group VIII Supplemental, L.P. ("GC Group VIII Supplemental"). General Catalyst Group Management, LLC ("GCGM") is the manager of GC VIII LLC. General Catalyst Group Management Holdings, L.P. ("GCGMH") is the manager of GCGM. General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of GCGMH. Each of Kenneth Chenault, Joel Cutler, David Fialkow, and Hemant Taneja is a managing director of GCGMH LLC and shares voting and investment power over the shares held by GC Group VIII and GC Group VIII Supplemental. However, the reporting person disclaims beneficial ownership over such shares except to the extent of his pecuniary interest therein, if any.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.68 to $97.63, inclusive.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.64 to $98.04, inclusive.

Footnote F5

Held by Joel E. Cutler Family 2012 GST Trust. The reporting person's spouse is a trustee of the trust. The reporting person disclaims beneficial ownership over such shares except to the extent of his pecuniary interest therein, if any.