BIXBY TIMOTHY E 4

What Happened

• Timothy E. Bixby, Chief Financial Officer of Lemonade, sold 2,227 shares on 2026-06-03 at $53.17 per share, yielding approximately $118,410. The transaction is reported as an open-market/private sale (code S). This sale was used to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs), not a discretionary trade.

Key Details

• Transaction date and price: 2026-06-03, 2,227 shares at $53.17 each (total ≈ $118,410).
• Purpose/footnote: Sale was to cover tax withholding for RSU vesting (footnote F1); not a discretionary sale by the reporting person.
• Filing: Form 4 filed 2026-06-05 — timely (within the usual two-business-day reporting window).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context

• This was a tax-withholding sale related to RSU settlement — a common administrative transaction that does not necessarily indicate a change in the insider’s view of the company. Such transactions are routine and differ from voluntary open-market sales intended to rebalance or cash out holdings.