Form 4: Lemonade Inc. Executive Maya Prosor Reports Stock Sale to Cover Tax Obligations

Maya Prosor, Chief Business Officer of Lemonade, Inc., reports selling 271 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On June 4, 2024, Maya Prosor, the Chief Business Officer of Lemonade, Inc., sold 271 shares of Lemonade's common stock.
• The sale was executed at a price of $16.03 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
• Following the transaction, Prosor directly owns 9,251 shares of Lemonade's common stock.
• Prosor also indirectly owns 79,286 shares through Cohen Holdings, LLC.
• The report was filed on June 6, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Key Dates