Form 4: Lemonade CFO Timothy Bixby Sells Shares to Cover Tax Obligations

Lemonade's CFO, Timothy Bixby, sold 2,050 shares of common stock on September 10, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On September 10, 2024, Timothy Bixby, the Chief Financial Officer of Lemonade, Inc., sold 2,050 shares of the company's common stock at a price of $18.24 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 271,552 shares of Lemonade's common stock.
• Bixby also indirectly owns 10,000 shares held by the Timothy E. Bixby Family Trust, for which he serves as Co-Trustee and has voting and dispositive control.
• The reported sale resulted in short-swing profits under Section 16(b) of the Securities Exchange Act of 1934, as amended, ('Section 16(b)') and the Reporting Person has disgorged a total of $6,442.32 to the Issuer, which amount represents all profits related to the transactions reported on this Form 4 in accordance with Section 16(b).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock transaction. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Executive stock sales are a common occurrence and are often related to compensation and tax planning. It's important to consider the context of these sales within the broader financial picture of the company.

Stakeholder Impact

• The stock sale by a key executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates