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

Lemonade's Chief Financial Officer, Timothy Bixby, sold 2,077 shares of common stock on June 4, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On June 4, 2024, Timothy Bixby, the Chief Financial Officer of Lemonade, Inc., sold 2,077 shares of the company's common stock.
• The sale was executed at a price of $16.03 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
• Following the transaction, Bixby directly owns 273,602 shares of Lemonade's common stock.
• Bixby also indirectly owns 10,000 shares through the Timothy E. Bixby Family Trust, for which he serves as Co-Trustee and has voting and dispositive control.

Sentiment

Score: 6

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale is related to tax obligations, which is a neutral event.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.

Key Dates