[8-K] WillScot Holdings Corporation Reports Material Event
Lemonade, Inc. (LMND) – Form 4 insider filing
CFO Timothy E. Bixby exercised 7,000 fully-vested employee stock options at an exercise price of $23.69, then sold the same 7,000 shares under a Rule 10b5-1 plan. The sales occurred on 18 Jul 2025 (6,000 sh. at $42.50) and 21 Jul 2025 (1,000 sh. at $42.70), generating gross proceeds of roughly $0.30 million versus an aggregate exercise cost of about $0.17 million.
After the transactions Mr. Bixby’s direct holding remains 263,393 common shares, unchanged from the level prior to the option exercises. He also retains 30,000 shares held indirectly through the Timothy E. Bixby Family Trust and 277,300 unexercised options expiring 25 Sep 2029.
The activity represents <0.02 % of LMND’s 67 million outstanding shares and appears routine portfolio diversification rather than a signal about business fundamentals. No other insiders transacted and no company cash was involved.
Lemonade, Inc. (LMND) – Comunicazione interna Form 4
Il CFO Timothy E. Bixby ha esercitato 7.000 opzioni azionarie per dipendenti completamente maturate al prezzo di esercizio di 23,69 dollari, per poi vendere le stesse 7.000 azioni secondo un piano Rule 10b5-1. Le vendite sono avvenute il 18 luglio 2025 (6.000 azioni a 42,50 dollari) e il 21 luglio 2025 (1.000 azioni a 42,70 dollari), generando un ricavo lordo di circa 0,30 milioni di dollari contro un costo complessivo di esercizio di circa 0,17 milioni di dollari.
Dopo queste operazioni, la detenzione diretta del Sig. Bixby rimane di 263.393 azioni ordinarie, invariata rispetto al livello precedente all’esercizio delle opzioni. Detiene inoltre 30.000 azioni indirettamente tramite il Timothy E. Bixby Family Trust e 277.300 opzioni non esercitate con scadenza il 25 settembre 2029.
Questa attività rappresenta meno dello 0,02% delle 67 milioni di azioni in circolazione di LMND e sembra una normale diversificazione del portafoglio piuttosto che un segnale sui fondamentali dell’azienda. Nessun altro dirigente ha effettuato operazioni e non è stato coinvolto denaro aziendale.
Lemonade, Inc. (LMND) – Presentación interna Formulario 4
El CFO Timothy E. Bixby ejerció 7,000 opciones de acciones para empleados totalmente adquiridas a un precio de ejercicio de 23.69 dólares, y luego vendió las mismas 7,000 acciones bajo un plan Rule 10b5-1. Las ventas se realizaron el 18 de julio de 2025 (6,000 acciones a 42.50 dólares) y el 21 de julio de 2025 (1,000 acciones a 42.70 dólares), generando ingresos brutos de aproximadamente 0.30 millones de dólares frente a un costo total de ejercicio de alrededor de 0.17 millones de dólares.
Tras las transacciones, la tenencia directa del Sr. Bixby permanece en 263,393 acciones comunes, sin cambios respecto al nivel antes del ejercicio de las opciones. También conserva 30,000 acciones mantenidas indirectamente a través del Timothy E. Bixby Family Trust y 277,300 opciones no ejercidas con vencimiento el 25 de septiembre de 2029.
La actividad representa menos del 0.02 % de las 67 millones de acciones en circulación de LMND y parece una diversificación rutinaria de cartera más que una señal sobre los fundamentos del negocio. Ningún otro insider realizó transacciones y no se utilizó dinero de la empresa.
Lemonade, Inc. (LMND) – 내부자 Form 4 신고
최고재무책임자(CFO) Timothy E. Bixby는 완전히 취득된 직원 주식옵션 7,000주를 행사가격 23.69달러에 행사한 후, Rule 10b5-1 계획에 따라 같은 7,000주를 매도했습니다. 매도는 2025년 7월 18일(6,000주, 주당 42.50달러)과 7월 21일(1,000주, 주당 42.70달러)에 이루어졌으며, 총 매출액은 약 30만 달러, 총 행사 비용은 약 17만 달러였습니다.
거래 후 Bixby 씨의 직접 보유 주식은 옵션 행사 전과 동일한 263,393주로 유지되고 있습니다. 그는 또한 Timothy E. Bixby Family Trust를 통해 간접적으로 보유한 30,000주와 2029년 9월 25일 만료 예정인 미행사 옵션 277,300주를 보유하고 있습니다.
이번 활동은 LMND의 발행 주식 6,700만 주 중 0.02% 미만에 해당하며, 사업 기초에 대한 신호라기보다는 일상적인 포트폴리오 다각화로 보입니다. 다른 내부자는 거래하지 않았으며 회사 자금은 관련되지 않았습니다.
Lemonade, Inc. (LMND) – Déclaration interne Formulaire 4
Le CFO Timothy E. Bixby a exercé 7 000 options d'achat d'actions entièrement acquises au prix d'exercice de 23,69 $, puis a vendu les mêmes 7 000 actions dans le cadre d'un plan Rule 10b5-1. Les ventes ont eu lieu les 18 juillet 2025 (6 000 actions à 42,50 $) et 21 juillet 2025 (1 000 actions à 42,70 $), générant un produit brut d'environ 0,30 million de dollars contre un coût d'exercice total d'environ 0,17 million de dollars.
Après ces opérations, la détention directe de M. Bixby reste de 263 393 actions ordinaires, inchangée par rapport au niveau avant l'exercice des options. Il détient également 30 000 actions indirectement via le Timothy E. Bixby Family Trust et 277 300 options non exercées expirant le 25 septembre 2029.
Cette activité représente moins de 0,02 % des 67 millions d'actions en circulation de LMND et semble être une diversification de portefeuille de routine plutôt qu'un signal sur les fondamentaux de l'entreprise. Aucun autre initié n'a réalisé de transactions et aucun fonds de la société n'a été impliqué.
Lemonade, Inc. (LMND) – Insider-Meldung Form 4
Der CFO Timothy E. Bixby hat 7.000 vollständig ausgeübte Mitarbeiteraktienoptionen zum Ausübungspreis von 23,69 USD ausgeübt und anschließend dieselben 7.000 Aktien im Rahmen eines Rule 10b5-1 Plans verkauft. Die Verkäufe erfolgten am 18. Juli 2025 (6.000 Aktien zu 42,50 USD) und am 21. Juli 2025 (1.000 Aktien zu 42,70 USD) und generierten Bruttoerlöse von etwa 0,30 Millionen USD bei Gesamtkosten für die Ausübung von etwa 0,17 Millionen USD.
Nach den Transaktionen hält Herr Bixby weiterhin direkt 263.393 Stammaktien, unverändert gegenüber dem Stand vor Ausübung der Optionen. Zusätzlich besitzt er 30.000 Aktien indirekt über den Timothy E. Bixby Family Trust sowie 277.300 nicht ausgeübte Optionen mit Ablaufdatum 25. September 2029.
Die Aktivität entspricht weniger als 0,02 % der 67 Millionen ausstehenden LMND-Aktien und stellt eher eine routinemäßige Portfolio-Diversifikation als ein Signal für die Geschäftsentwicklung dar. Keine weiteren Insider tätigten Transaktionen, und es wurde kein Firmenkapital eingesetzt.
- None.
- None.
Insights
TL;DR – Small, routine 10b5-1 sale; immaterial to valuation.
The CFO merely swapped 7,000 options for stock, then liquidated the shares at a 79% spread to strike, netting about $131 k after costs. His ownership percentage and voting power are unchanged, and the sale represents a de minimis slice of the float. Option exercises marginally lower his remaining option pool, but there is no new dilution to shareholders because the exercised shares were already reserved. Given LMND’s multi-billion-dollar market cap, the transaction has no forecast or cash-flow impact and should not affect the investment thesis.
TL;DR – Filing shows good compliance; no red flags.
The transaction was executed under a pre-arranged Rule 10b5-1 plan, signalling procedural rigor and reducing the likelihood of informational abuse. The Form 4 was filed within the two-business-day window, and explanatory footnotes clearly outline the trust relationship and option status. Insider’s direct stake remains sizeable (> $11 m at current prices), aligning interests with shareholders. There are no patterns of accelerated selling or unusual derivatives activity. Overall governance implications are neutral to slightly positive.
Lemonade, Inc. (LMND) – Comunicazione interna Form 4
Il CFO Timothy E. Bixby ha esercitato 7.000 opzioni azionarie per dipendenti completamente maturate al prezzo di esercizio di 23,69 dollari, per poi vendere le stesse 7.000 azioni secondo un piano Rule 10b5-1. Le vendite sono avvenute il 18 luglio 2025 (6.000 azioni a 42,50 dollari) e il 21 luglio 2025 (1.000 azioni a 42,70 dollari), generando un ricavo lordo di circa 0,30 milioni di dollari contro un costo complessivo di esercizio di circa 0,17 milioni di dollari.
Dopo queste operazioni, la detenzione diretta del Sig. Bixby rimane di 263.393 azioni ordinarie, invariata rispetto al livello precedente all’esercizio delle opzioni. Detiene inoltre 30.000 azioni indirettamente tramite il Timothy E. Bixby Family Trust e 277.300 opzioni non esercitate con scadenza il 25 settembre 2029.
Questa attività rappresenta meno dello 0,02% delle 67 milioni di azioni in circolazione di LMND e sembra una normale diversificazione del portafoglio piuttosto che un segnale sui fondamentali dell’azienda. Nessun altro dirigente ha effettuato operazioni e non è stato coinvolto denaro aziendale.
Lemonade, Inc. (LMND) – Presentación interna Formulario 4
El CFO Timothy E. Bixby ejerció 7,000 opciones de acciones para empleados totalmente adquiridas a un precio de ejercicio de 23.69 dólares, y luego vendió las mismas 7,000 acciones bajo un plan Rule 10b5-1. Las ventas se realizaron el 18 de julio de 2025 (6,000 acciones a 42.50 dólares) y el 21 de julio de 2025 (1,000 acciones a 42.70 dólares), generando ingresos brutos de aproximadamente 0.30 millones de dólares frente a un costo total de ejercicio de alrededor de 0.17 millones de dólares.
Tras las transacciones, la tenencia directa del Sr. Bixby permanece en 263,393 acciones comunes, sin cambios respecto al nivel antes del ejercicio de las opciones. También conserva 30,000 acciones mantenidas indirectamente a través del Timothy E. Bixby Family Trust y 277,300 opciones no ejercidas con vencimiento el 25 de septiembre de 2029.
La actividad representa menos del 0.02 % de las 67 millones de acciones en circulación de LMND y parece una diversificación rutinaria de cartera más que una señal sobre los fundamentos del negocio. Ningún otro insider realizó transacciones y no se utilizó dinero de la empresa.
Lemonade, Inc. (LMND) – 내부자 Form 4 신고
최고재무책임자(CFO) Timothy E. Bixby는 완전히 취득된 직원 주식옵션 7,000주를 행사가격 23.69달러에 행사한 후, Rule 10b5-1 계획에 따라 같은 7,000주를 매도했습니다. 매도는 2025년 7월 18일(6,000주, 주당 42.50달러)과 7월 21일(1,000주, 주당 42.70달러)에 이루어졌으며, 총 매출액은 약 30만 달러, 총 행사 비용은 약 17만 달러였습니다.
거래 후 Bixby 씨의 직접 보유 주식은 옵션 행사 전과 동일한 263,393주로 유지되고 있습니다. 그는 또한 Timothy E. Bixby Family Trust를 통해 간접적으로 보유한 30,000주와 2029년 9월 25일 만료 예정인 미행사 옵션 277,300주를 보유하고 있습니다.
이번 활동은 LMND의 발행 주식 6,700만 주 중 0.02% 미만에 해당하며, 사업 기초에 대한 신호라기보다는 일상적인 포트폴리오 다각화로 보입니다. 다른 내부자는 거래하지 않았으며 회사 자금은 관련되지 않았습니다.
Lemonade, Inc. (LMND) – Déclaration interne Formulaire 4
Le CFO Timothy E. Bixby a exercé 7 000 options d'achat d'actions entièrement acquises au prix d'exercice de 23,69 $, puis a vendu les mêmes 7 000 actions dans le cadre d'un plan Rule 10b5-1. Les ventes ont eu lieu les 18 juillet 2025 (6 000 actions à 42,50 $) et 21 juillet 2025 (1 000 actions à 42,70 $), générant un produit brut d'environ 0,30 million de dollars contre un coût d'exercice total d'environ 0,17 million de dollars.
Après ces opérations, la détention directe de M. Bixby reste de 263 393 actions ordinaires, inchangée par rapport au niveau avant l'exercice des options. Il détient également 30 000 actions indirectement via le Timothy E. Bixby Family Trust et 277 300 options non exercées expirant le 25 septembre 2029.
Cette activité représente moins de 0,02 % des 67 millions d'actions en circulation de LMND et semble être une diversification de portefeuille de routine plutôt qu'un signal sur les fondamentaux de l'entreprise. Aucun autre initié n'a réalisé de transactions et aucun fonds de la société n'a été impliqué.
Lemonade, Inc. (LMND) – Insider-Meldung Form 4
Der CFO Timothy E. Bixby hat 7.000 vollständig ausgeübte Mitarbeiteraktienoptionen zum Ausübungspreis von 23,69 USD ausgeübt und anschließend dieselben 7.000 Aktien im Rahmen eines Rule 10b5-1 Plans verkauft. Die Verkäufe erfolgten am 18. Juli 2025 (6.000 Aktien zu 42,50 USD) und am 21. Juli 2025 (1.000 Aktien zu 42,70 USD) und generierten Bruttoerlöse von etwa 0,30 Millionen USD bei Gesamtkosten für die Ausübung von etwa 0,17 Millionen USD.
Nach den Transaktionen hält Herr Bixby weiterhin direkt 263.393 Stammaktien, unverändert gegenüber dem Stand vor Ausübung der Optionen. Zusätzlich besitzt er 30.000 Aktien indirekt über den Timothy E. Bixby Family Trust sowie 277.300 nicht ausgeübte Optionen mit Ablaufdatum 25. September 2029.
Die Aktivität entspricht weniger als 0,02 % der 67 Millionen ausstehenden LMND-Aktien und stellt eher eine routinemäßige Portfolio-Diversifikation als ein Signal für die Geschäftsentwicklung dar. Keine weiteren Insider tätigten Transaktionen, und es wurde kein Firmenkapital eingesetzt.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest
event reported): July 22, 2025 (
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address, including zip code, of principal executive offices)
(
(Registrant’s telephone number, including area code)
_________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| The |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In early June of this year, WillScot Holdings Corporation (the “Company”) elected to relocate the responsibilities of the principal accounting officer from Baltimore, Maryland to its headquarters in Phoenix, Arizona. Relatedly, on July 19, 2025, it entered into a Separation and Release Agreement (the “Agreement”) with Sally Shanks, who is based in Baltimore and currently serving as the Company’s current Chief Accounting Officer. The Agreement supersedes Ms. Shanks’s employment offer letter dated as of March 18, 2019.
Under the Agreement, Ms. Shanks is expected to continue to serve as Chief Accounting Officer until August 15, 2025 (the “Separation Date”). Upon her Separation Date and consistent with Ms. Shanks’s employment offer letter, the Company will (i) pay the severance and provide the benefits consistent with a good reason leaver and (ii) provide continued vesting of Ms. Shanks’s outstanding equity awards through May 15, 2026.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Exhibit Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WILLSCOT HOLDINGS CORPORATION | ||
| By: | /s/ Hezron Timothy Lopez | |
| Name: | Hezron Timothy Lopez | |
| Title: | Executive Vice President, Chief Legal & Compliance Officer & ESG | |
Date: July 22, 2025
FAQ
How many Lemonade (LMND) shares did the CFO sell?
What was the average sale price for the insider transactions?
Did the CFO’s overall ownership in LMND change after the Form 4 transactions?
Were the sales executed under a Rule 10b5-1 trading plan?
How many options does the CFO still hold after the exercises?
