Lemonade (LMND) CEO gets 820,000 RSUs plus 180,000 performance units

Rhea-AI Filing Summary

Schreiber Daniel A. reported acquisition or exercise transactions in this Form 4 filing.

Lemonade, Inc. reported that Chief Executive Officer Daniel Schreiber received two equity awards of common stock on March 18, 2026. He was granted 820,000 restricted stock units that vest quarterly over eight years, beginning June 1, 2026, with vesting percentages increasing in later years.

He was also granted 180,000 performance restricted stock units that vest only if the company’s stock sustains a closing price of $110 for at least 30 consecutive trading days within 24 months of the grant date. Following these awards, he holds over one million shares directly and additional shares indirectly through Dan and Dan Ltd., where he has voting and dispositive control.

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

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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^*

Schreiber Daniel A.

(Last) (First) (Middle)

C/O LEMONADE, INC.

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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		A		820,000(1)	A	$0	844,327	D
COMMON STOCK	03/18/2026		A		180,000(2)	A	$0	1,024,327	D
COMMON STOCK								1,514,426	I	Directly held by Dan and Dan Ltd.(3)

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 ("RSUs"), which will vest in quarterly installments over 8 years, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date. The RSU begins vesting quarterly on June 1, 2026 with 5% of the award vesting during the first year, 10% during the second year, 15% during the third year, 20% during each of the fourth and fifth years, 15% during the sixth year, 10% during the seventh year and 5% during the eighth year. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Represents an award of performance restricted stock units, which will vest if and only if the Company's stock price sustains a closing price of $110 for at least 30 consecutive trading days within 24 months of the Grant Date.

3. The Reporting Person is Chief Executive Officer of Dan and Dan Ltd. ("Dan") and has voting and dispositive control over the shares held by Dan.

Remarks:

	/s/ Timothy Bixby, Attorney-in-Fact for Daniel Schreiber	03/20/2026
	** 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)

FAQ

What equity awards did Lemonade (LMND) CEO Daniel Schreiber receive?

Lemonade CEO Daniel Schreiber received 820,000 time-based RSUs and 180,000 performance RSUs on March 18, 2026. The time-based RSUs vest quarterly over eight years, while the performance RSUs vest only if a stock-price hurdle is met.

How do the 820,000 RSUs granted to Lemonade’s CEO vest?

The 820,000 RSUs vest quarterly over eight years starting June 1, 2026. Vesting is 5% in year one, 10% in year two, 15% in year three, 20% in years four and five, 15% in year six, 10% in year seven, and 5% in year eight.

What performance condition applies to the 180,000 PRSUs granted by Lemonade (LMND)?

The 180,000 performance RSUs vest only if Lemonade’s stock sustains a closing price of $110 for at least 30 consecutive trading days within 24 months of the grant date. Without meeting this condition, the performance RSUs will not vest.

Does Lemonade’s CEO have indirect ownership of company shares?

Yes. The filing notes indirect ownership of 1,514,426 Lemonade shares held by Dan and Dan Ltd. Daniel Schreiber is Chief Executive Officer of this entity and has voting and dispositive control over those indirectly held shares, in addition to his direct holdings.

Are the new Lemonade (LMND) CEO awards open-market purchases or compensation grants?

The awards are compensation-related grants, not open-market purchases. Both the 820,000 RSUs and 180,000 performance RSUs were reported with transaction code “A,” indicating grants or awards, and show a per-share transaction price of $0.0000 in the filing.