Form 4: Lemonade CFO Timothy Bixby Reports Stock Purchases and Disgorgement of Short-Swing Profits

Lemonade's CFO, Timothy Bixby, reported purchasing shares of LMND and disgorging profits from short-swing trading.

Summary

• Timothy Bixby, the CFO of Lemonade, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 13, 2024, Bixby purchased 15,000 shares of Lemonade common stock at a weighted average price of $15.51.
• On June 14, 2024, Bixby purchased 5,000 shares of Lemonade common stock at a price of $14.4.
• Following these transactions, Bixby directly owns 273,602 shares of Lemonade common stock.
• Bixby also indirectly owns shares through the Timothy E. Bixby Family Trust, holding 25,000 shares after the June 13th transaction and 30,000 shares after the June 14th transaction.
• The report indicates that the purchases resulted in short-swing profits under Section 16(b) of the Securities Exchange Act of 1934.
• Bixby disgorged a total of $7,971.15 to Lemonade, representing all profits related to the reported transactions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing. The short-swing profit issue is a minor negative, but the overall impact is neutral.

Negatives

• The report indicates that the purchases resulted in short-swing profits under Section 16(b) of the Securities Exchange Act of 1934.
• Bixby had to disgorge $7,971.15 to Lemonade, representing all profits related to the reported transactions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates