Lemonade (LMND) exec gains 11,845 shares by exercising options

Rhea-AI Filing Summary

Lemonade, Inc. Chief Insurance Officer John Sheldon Peters exercised stock options to acquire 11,845 shares of common stock at $11.61 per share on 02/12/2026. This derivative conversion increased his directly held common stock to 82,073 shares, while the exercised stock option position was reduced to zero.

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

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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^*

Peters John Sheldon

(Last) (First) (Middle)

C/O LEMONADE, INC.

5 CROSBY STREET, 3RD FLOOR

(Street)

NEW YORK NY 10013

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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

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

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

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	02/12/2026		M		11,845	A	$11.61	82,073	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
STOCK OPTION	$11.61	02/12/2026		M			11,845	(1)	02/05/2029	COMMON STOCK	11,845	$11.61	0	D

Explanation of Responses:

1. The option is fully vested and exercisable.

Remarks:

	/s/ Timothy Bixby, Attorney-in-Fact for John Peters	01/13/2026
	** 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.

FAQ

What insider transaction did Lemonade (LMND) report in this Form 4?

Lemonade reported that Chief Insurance Officer John Sheldon Peters exercised stock options to acquire 11,845 shares of common stock. The transaction was coded "M," indicating an exercise or conversion of a derivative security rather than an open-market purchase or sale.

How many Lemonade (LMND) shares did the officer acquire and at what price?

John Sheldon Peters acquired 11,845 shares of Lemonade common stock at $11.61 per share through a stock option exercise. The options converted into the same number of common shares, reflecting a derivative conversion instead of a typical market trade.

What is John Sheldon Peters’ Lemonade (LMND) share ownership after this transaction?

After the stock option exercise, John Sheldon Peters beneficially owns 82,073 shares of Lemonade common stock directly. The derivative position tied to this option exercise now shows zero remaining stock options following the conversion into common shares.

What does transaction code "M" mean in the Lemonade (LMND) Form 4?

Transaction code "M" on the Form 4 indicates an exercise or conversion of a derivative security, such as a stock option. In this case, it reflects the conversion of a stock option into 11,845 Lemonade common shares at an exercise price of $11.61.

What derivative security was involved in the Lemonade (LMND) insider transaction?

The transaction involved a stock option with an exercise price of $11.61 per share. Exercising this option on 02/12/2026 converted the right into 11,845 Lemonade common shares, leaving zero stock options of this grant beneficially owned afterward.

What is the role of the reporting person in Lemonade (LMND)?

The reporting person, John Sheldon Peters, serves as Lemonade’s Chief Insurance Officer. His Form 4 filing reflects personal equity alignment with the company through direct ownership of 82,073 common shares after exercising 11,845 options at $11.61 per share.