Dan and Dan Ltd. tied to Lemonade (LMND) CEO sells 9,108 shares

Rhea-AI Filing Summary

Lemonade, Inc. insider transaction: An entity associated with Chief Executive Officer Daniel Schreiber, Dan and Dan Ltd., sold 9,108 shares of Lemonade common stock on January 23, 2026 at a weighted average price of $99.04 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2024. After this transaction, 1,514,426 shares of Lemonade common stock were beneficially owned indirectly through Dan and Dan Ltd., over which Schreiber 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

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).

X

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		S(1)		9,108	D	$99.04(2)	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 sale pursuant to a Rule 10b5-1 trading plan, adopted on December 11, 2024.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

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	02/04/2026
	** 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) disclose for Daniel Schreiber?

Lemonade disclosed that an entity associated with CEO Daniel Schreiber, Dan and Dan Ltd., sold 9,108 shares of common stock. The transaction occurred on January 23, 2026, and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2024.

How many Lemonade (LMND) shares were sold and at what price?

Dan and Dan Ltd. sold 9,108 Lemonade common shares at a weighted average price of $99.04 per share. The filing notes the shares were sold in multiple transactions and offers to provide detailed per-trade pricing information upon request to interested parties.

How many Lemonade (LMND) shares does the entity linked to Daniel Schreiber own after the sale?

Following the reported transaction, Dan and Dan Ltd., the entity associated with CEO Daniel Schreiber, beneficially owned 1,514,426 Lemonade common shares. Schreiber has voting and dispositive control over these shares as Chief Executive Officer of Dan and Dan Ltd.

Was the Lemonade (LMND) insider sale by Dan and Dan Ltd. under a trading plan?

Yes. The sale of 9,108 Lemonade shares by Dan and Dan Ltd. was made under a Rule 10b5-1 trading plan. That plan was adopted on December 11, 2024, allowing pre-scheduled transactions independent of subsequent inside information.

Is the reported Lemonade (LMND) transaction a direct or indirect holding for Daniel Schreiber?

The transaction involves an indirect holding. The 1,514,426 Lemonade shares are held by Dan and Dan Ltd., described as being directly held by that entity. Daniel Schreiber, as its Chief Executive Officer, has voting and dispositive control over those shares.

What does the weighted average price mean in the Lemonade (LMND) Form 4 filing?

The weighted average price of $99.04 reflects multiple individual sale transactions combined into a single average figure. The filing notes the reporting person will provide full details of the number of shares sold at each separate price upon request to interested parties.