Form 4: Lemonade CFO Sells Shares to Cover Tax Obligations

Timothy Bixby, CFO of Lemonade, Inc., sold 6,243 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On March 4, 2025, Timothy E. Bixby, the Chief Financial Officer of Lemonade, Inc., sold 6,243 shares of Lemonade's common stock at a price of $33.79 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
• Following the transaction, Bixby directly owns 265,309 shares of Lemonade's common stock.
• Bixby also indirectly owns 30,000 shares held by the Timothy E. Bixby Family Trust, for which he serves as Co-Trustee and has voting and dispositive control.

Sentiment

Score: 5

Explanation: This is a neutral event. The CFO selling shares to cover taxes is a normal occurrence and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates