Schreiber Daniel A. 4

What Happened
Daniel A. Schreiber, CEO of Lemonade, was granted a total of 1,000,000 restricted stock units (RSUs) on March 18, 2026: 820,000 time‑based RSUs and 180,000 performance RSUs. The awards were reported at $0.00 per share (award/grant code A); each RSU is a contingent right to receive one share of Lemonade common stock upon vesting. This is a compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-18 (Form 4 filed 2026-03-20). Filing appears timely (filed two days after the grant).
• Grant amount and type: 820,000 time‑based RSUs (F1) + 180,000 performance RSUs (F2) = 1,000,000 RSUs total.
• Price/value reported: $0.00 per RSU (typical for RSU awards; value will depend on Lemonade’s share price when/if they vest).
• Vesting (time‑based RSUs, F1): quarterly vesting over 8 years beginning June 1, 2026; 5% vests in year 1, 10% in year 2, 15% in year 3, 20% in years 4–5, 15% in year 6, 10% in year 7, and 5% in year 8.
• Performance RSUs (F2): vest only if Lemonade’s stock closes at or above $110 for 30 consecutive trading days within 24 months of the grant date.
• Shares owned after transaction: not specified in the provided Form 4 summary.
• Other note (F3): the filing indicates Schreiber is CEO of Dan and Dan Ltd. and has voting/dispositive control over shares held by that entity.

Context
RSUs are a form of equity compensation that convert into shares only when they vest; they are not immediate purchases or sales. Time‑based RSUs provide future shares according to a schedule; performance RSUs depend on meeting a stock‑price milestone. Such awards are routine components of executive compensation and do not by themselves indicate insider buying or selling intent.