Lemonade CFO sells 1,893 shares for taxes
Lemonade’s CFO reported a non-discretionary sale of shares to cover tax withholding tied to RSU vesting, leaving him with over 170,000 directly held shares.
Rhea-AI Filing Summary
Lemonade, Inc. (LMND) reported that its Chief Financial Officer, Timothy E. Bixby, had 1,893 shares of common stock sold on September 3, 2026 at $54.63 per share. According to the company’s disclosure, this sale was not a discretionary trade but shares withheld and sold to cover tax obligations arising from the vesting and settlement of restricted stock units. After this transaction, Bixby’s direct holdings were 172,370 shares of Lemonade common stock.
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Insights
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Insider Trade Summary
Net Seller: 1,893 shares
Net Sell
1 txn
Insider
BIXBY TIMOTHY E
Role
Chief Financial Officer
Sold
1,893 shs ($103K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | COMMON STOCK F1 | 1,893 | $54.63 | $103K |
Holdings After Transaction:
COMMON STOCK — 172,370 shares (Direct)
Footnotes (1)
- F1. The reported sale was not a discretionary transaction by the Reporting Person, and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units.
Key Figures
Shares sold: 1,893 shares
Sale price per share: $54.63 per share
Shares held after transaction: 172,370 shares
3 metrics
Shares sold
1,893 shares
Common stock sold on September 3, 2026 to cover tax withholding
Sale price per share
$54.63 per share
Price for the 1,893 LMND shares sold on September 3, 2026
Shares held after transaction
172,370 shares
CFO’s direct holdings of Lemonade common stock after the sale
Key Terms
Restricted Stock Units, tax withholding obligations, non-derivative, open market or private transaction
4 terms
Restricted Stock Units financial
"in connection with the vesting and settlement of Restricted Stock Units"
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.
tax withholding obligations financial
"represents shares sold to cover tax withholding obligations"
non-derivative financial
"transaction_type is listed as non-derivative for the common stock"
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
What insider transaction did Lemonade (LMND) disclose for its CFO?
Lemonade disclosed that CFO Timothy E. Bixby had 1,893 shares of common stock sold on September 3, 2026 at $54.63 per share. The shares were sold to cover tax withholding obligations from vesting restricted stock units.
Was the LMND CFO’s September 3, 2026 stock sale a discretionary trade?
No. The company reports the sale was not a discretionary transaction by the CFO. It represents shares sold solely to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Was the LMND CFO’s September 2026 sale under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, and the footnote explains the sale covered tax withholding obligations from RSU vesting, rather than being a discretionary or plan-based sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.