Ratanchandani Prashant 4

What Happened

Prashant Ratanchandani, a director of Lemonade, Inc. (LMND), was granted 2,848 restricted stock units (RSUs) on June 3, 2026. The Form 4 reports the acquisition at $0.00 per unit (award), so the reported transaction value is $0; each RSU represents a contingent right to one share of Lemonade common stock upon vesting.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (appears timely under the two-business-day rule).
• Transaction type/code: Award/Grant (A). Reported price per share: $0.00.
• Shares received: 2,848 RSUs (contingent rights to common stock).
• Shares owned after transaction: Not specified in the supplied filing details.
• Footnote summary: RSUs vest and become exercisable on the earlier of (i) the day before the first annual meeting after the grant and (ii) June 3, 2027. Each RSU converts to one share upon vesting.

Context

This was a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common for directors and typically reflect compensation or retention terms; they do not by themselves indicate buying or selling intent in the market. Upon vesting, the RSUs will convert into shares (subject to any tax withholding or other plan terms disclosed elsewhere).