[SCHEDULE 13G/A] Lemonade, Inc. SEC Filing

Rhea-AI Filing Summary

Lemonade, Inc. (LMND): SoftBank Group Capital Ltd filed an amended Schedule 13G reporting beneficial ownership of 3,563,924 shares of common stock, representing 4.8% of the class as of September 30, 2025, based on 74,731,027 shares outstanding as of November 4, 2025.

SoftBank reports sole voting power over 3,563,924 shares and sole dispositive power over 3,563,924 shares, with no shared power. The filing notes the joint investment committee to which SoftBank had delegated voting and dispositive power was dissolved on March 31, 2023.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Lemonade, Inc.

(Name of Issuer)

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

52567D107

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 52567D107

1

Names of Reporting Persons

SoftBank Group Capital Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,563,924.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,563,924.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,563,924.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lemonade, Inc.
(b)	Address of issuer's principal executive offices: 5 Crosby Street, 3rd Floor, New York, NY, 10013
Item 2.
(a)	Name of person filing: SoftBank Group Capital Ltd (the "Reporting Person")
(b)	Address or principal business office or, if none, residence: The principal business address of the Reporting Person is 69 Grosvenor Street, London, England, United Kingdom W1K 3JP.
(c)	Citizenship: England and Wales
(d)	Title of class of securities: Common Stock, $0.00001 par value per share
(e)	CUSIP No.: 52567D107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information contained on the cover page to this Schedule 13G is incorporated by reference into this Item 4. The ownership information presented herein represents beneficial ownership of shares of Common Stock of the Issuer as of September 30, 2025, based upon 74,731,027 shares of Common Stock outstanding as of November 4, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025. The Reporting Person directly holds 3,563,924 shares of Common Stock. On March 31, 2023, the joint investment committee of the Issuer, to which the Reporting Person delegated voting and dispositive power over its shares of Common Stock, was dissolved. As a result, no other individual may be deemed to share beneficial ownership of the securities reported herein. Pursuant to Article IV, Section D of the Issuer's Amended and Restated Certificate of Incorporation, the positive excess number of votes of the Reporting Person over 9.90% of the total number of votes that may be cast by all the then issued and outstanding shares of Common Stock and shares of the Issuer's preferred stock shall be distributed pro rata among all of the other stockholders not subject to the restrictions set forth in Section D, provided that if any such distribution would result in any other stockholder receiving voting rights in excess of those permitted to be exercised by such stockholder, any such excess number of votes shall itself be distributed pro rata as set forth in Article IV, Section D.
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,563,924
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,563,924
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SoftBank Group Capital Ltd

Signature:	/s/ Stephen Lam
Name/Title:	Stephen Lam, Director
Date:	11/14/2025

FAQ

What did SoftBank report in its Schedule 13G/A for LMND?

SoftBank Group Capital Ltd reported beneficial ownership of 3,563,924 shares, or 4.8% of Lemonade’s common stock.

What share count did the 4.8% LMND ownership rely on?

The percentage is based on 74,731,027 shares outstanding as of November 4, 2025.

What voting and dispositive powers did SoftBank disclose for LMND?

SoftBank disclosed sole voting power over 3,563,924 shares and sole dispositive power over 3,563,924 shares; no shared power.

As of what date is SoftBank’s LMND ownership reported?

Ownership is reported as of September 30, 2025.

Did SoftBank indicate it is below a 5% LMND ownership threshold?

Yes. The filing includes the item for Ownership of 5 percent or less of a class.

What organizational change affecting voting power was noted?

The joint investment committee was dissolved on March 31, 2023, leaving no other person with shared beneficial ownership.

What is the CUSIP for Lemonade’s common stock?

The CUSIP is 52567D107.