Lemonade director granted 2,848 RSUs

Ratanchandani Prashant reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ratanchandani Prashant reported acquisition or exercise transactions in this Form 4 filing.

Lemonade, Inc. director Prashant Ratanchandani received an equity award in the form of 2,848 restricted stock units (RSUs) of common stock at no cash cost. These RSUs will vest on the earlier of the day immediately preceding the first annual meeting after the grant date or June 3, 2027.

Each RSU represents a contingent right to receive one share of Lemonade’s common stock once vesting conditions are met. Following this grant, Ratanchandani’s direct holdings total 6,185 common shares, reflecting routine, compensation-related equity rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 2,848 shares

Grant/Award 1 txn

Insider Ratanchandani Prashant

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	2,848	$0.00	$0.00

Holdings After Transaction: COMMON STOCK — 6,185 shares (Direct)

Footnotes (1)

1. F1. Represents an award of restricted stock units, which will vest and become exerciseable on the earlier of (i) the day immediately preceding the date of the first annual meeting following the date of the grant and (ii) June 3, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

Key Figures

RSUs granted: 2,848 units Grant price per share: $0.00 per unit Shares after transaction: 6,185 shares +1 more

4 metrics

RSUs granted 2,848 units Restricted stock unit award to director on June 3, 2026

Grant price per share $0.00 per unit Equity compensation award, no cash paid by director

Shares after transaction 6,185 shares Total direct common stock holdings following RSU grant

Latest vesting date June 3, 2027 RSUs vest by this date or earlier meeting-based trigger

Key Terms

restricted stock units, contingent right, annual meeting, common stock

4 terms

restricted stock units financial

"Represents an award of restricted stock units, which will vest and become exerciseable"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

annual meeting financial

"the first annual meeting following the date of the grant"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

common stock financial

"one share of the Issuer's common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Lemonade (LMND) report for Prashant Ratanchandani?

Lemonade reported that director Prashant Ratanchandani received an award of 2,848 restricted stock units. These stock units are part of his equity compensation and will convert into common shares when the vesting conditions are satisfied.

How many Lemonade (LMND) shares did the director hold after this RSU grant?

After the award, Prashant Ratanchandani directly held 6,185 shares of Lemonade common stock. This total includes the impact of the new restricted stock unit grant reported in the Form 4 filing.

What is the vesting schedule for Prashant Ratanchandani’s 2,848 Lemonade (LMND) RSUs?

The 2,848 restricted stock units will vest on the earlier of the day immediately before the first annual meeting following the grant or on June 3, 2027. Vesting must occur before shares are actually delivered.

Did Prashant Ratanchandani buy Lemonade (LMND) shares on the open market?

No. The filing shows a grant of 2,848 restricted stock units at a price of $0.00 per unit. This indicates a compensation-related equity award, not an open-market stock purchase by the director.

What does each restricted stock unit in this Lemonade (LMND) grant represent?

Each restricted stock unit represents a contingent right to receive one share of Lemonade common stock. The shares are only delivered when the RSUs vest under the specified time and meeting-related conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/05/2026 - 05:16 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ratanchandani Prashant

(Last) (First) (Middle)

5 CROSBY STREET

3RD FLOOR

(Street)

NEW YORK NEW YORK 10013

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lemonade, Inc. [ LMND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	06/03/2026		A		2,848	A	$0	6,185(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of restricted stock units, which will vest and become exerciseable on the earlier of (i) the day immediately preceding the date of the first annual meeting following the date of the grant and (ii) June 3, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

Remarks:

	/s/ Timothy Bixby, Attorney-in-Fact for Prashant Ratanchandani	06/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)