Form Type: 4

SEC EDGAR Link
Accession Number:0001691421-21-000021
Date:2021-03-01
Issuer: LEMONADE, INC. (LMND)
Original Submission Date:

Reporting Person:

ESPINEL JORGE
C/O LEMONADE, INC.
5 CROSBY STREET, 3RD FLOOR NEW YORK, NY 10013

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-03-01 M 35,000 a $5.26 35,000 direct
COMMON STOCK 2021-03-01 S 15,000 d $130.00 20,000 direct
COMMON STOCK 2021-03-01 S 20,000 d $127.00 0 direct
COMMON STOCK 2021-03-01 M 15,000 a $23.69 15,000 direct
COMMON STOCK 2021-03-01 S 15,000 d $127.00 0 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION 5.26 2021-03-01 deemed execution date M 35,000 (d) 2028-10-06 common stock 35,000 $5.26 295,000 direct
STOCK OPTION 23.69 2021-03-01 deemed execution date M 15,000 (d) 2029-09-25 common stock 15,000 $23.69 35,000 direct
Footnotes
IDfootnote
f1 represents sale pursuant to a rule 10b5-1 trading plan.
f2 the option is vested and exercisable as to 176,875 shares (after taking into account prior exercises, but including the 35,000 shares disposed of in this exercise) and the remaining shares will vest and become exercisable in seven quarterly installments beginning on april 1, 2021.
f3 the option is vested and exercisable as to 15,625 shares (including the 15,000 shares disposed of in this exercise) and the remaining shares will vest and become exercisable in eleven quarterly installments beginning on march 26, 2021.

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