Form 4: Lemonade Inc. Executive Maya Prosor Sells Shares to Cover Tax Obligations

Lemonade's Chief Business Officer, Maya Prosor, sold 263 shares of common stock on September 4, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On September 4, 2024, Maya Prosor, Chief Business Officer of Lemonade, Inc., sold 263 shares of Lemonade's common stock.
• The sale was executed at a price of $18.84 per share.
• The transaction was not discretionary and was intended to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units.
• Following the transaction, Prosor directly owns 8,988 shares of Lemonade's common stock.
• Prosor also indirectly owns 79,286 shares through Cohen Holdings, LLC, where she has voting and dispositive control.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and has no inherent positive or negative implications for the company's overall prospects.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.

Key Dates