Eckstein Adina 4

What Happened

• Adina Eckstein, Chief Operating Officer of Lemonade, Inc. (LMND), was granted two awards on March 8, 2026: 145,112 restricted stock units (RSUs) and 54,417 stock-option awards. Both items are reported as acquired at $0.00 (grant awards), not open-market purchases or sales.

Key Details

• Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (timely).
• Reported acquisition price: $0.00 for both the RSUs and the option award.
• Shares owned after transaction: Not specified in the provided Form 4 summary.
• Footnote F1 (RSUs): 145,112 RSUs vest quarterly over 8 years beginning June 1, 2026. Vesting schedule by year: 5% (year 1), 10% (year 2), 15% (year 3), 20% (years 4 & 5), 15% (year 6), 10% (year 7), 5% (year 8). Each RSU is a contingent right to one share.
• Footnote F2 (Options): 54,417 option awards vest and become exercisable quarterly over 8 years beginning June 8, 2026, with the same percentage schedule as the RSUs. Each option is a contingent right to one share.
• Filing timeliness: Reported on Mar 10, 2026 for the Mar 8, 2026 grant (appears timely per Form 4 rules).

Context

• These are compensation grants (awards), not purchases or exercises; they do not indicate an immediate buy or sale of shares. The RSUs convert to common stock only as they vest; the options will vest and become exercisable over time per the schedule. The filing does not show any immediate exercise, sale, or tax-withholding share disposition.