Peters John Sheldon 4

What Happened

• John Sheldon Peters, Chief Insurance Officer of Lemonade, exercised stock options to acquire 11,845 shares at an exercise price of $11.61 per share, for a total exercise cost of $137,520. The Form 4 also shows a corresponding disposition of 11,845 shares (labeled as a derivative) at the same price and value.
• Transaction code M = option exercise. The filing includes a footnote stating the option was fully vested and exercisable.

Key Details

• Transaction date: 2026-02-12; Filing date: 2026-02-17 (appears timely — Feb 16 was a federal holiday).
• Price per share: $11.61; Total value listed: $137,520.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — the option exercised was fully vested and exercisable.
• No 10b5-1 plan, tax-withholding, or sale-for-cashless-exercise details are disclosed in the excerpt.

Context

• This was an option exercise (code M). The matching disposition entry for the same shares and value is recorded as a “derivative,” but the filing excerpt does not state whether shares were sold, transferred, or used to cover taxes. Exercises are routine for vested option holders and do not by themselves indicate a bullish or bearish view.