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

Signature
/s/ Timothy Bixby
Stock symbol
LMND
Transactions as of
Mar 24, 2025
Transactions value $
-$187,500
Form type
4
Date filed
3/26/2025, 07:27 PM
Previous filing
Mar 6, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMND COMMON STOCK Options Exercise $118K +5K +1.88% $23.69 270K Mar 24, 2025 Direct
transaction LMND COMMON STOCK Sale -$188K -5K -1.85% $37.50 265K Mar 24, 2025 Direct F1
holding LMND COMMON STOCK 30K Mar 24, 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 -$118K -5K -1.41% $23.69 349K Mar 24, 2025 COMMON STOCK 5K $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.