Lemonade : Statement of Changes in Beneficial Ownership - Form 4
August 22, 2022 at 09:56 pm
Share
Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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If the form is filed by more than one reporting person, see Instruction 5(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).
(1)
Represents an award of restricted stock units, which will vest in three equal annual installments. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
(2)
SoftBank Group Capital Ltd ("SoftBank") has delegated all voting and dispositive power over the LMND shares it holds to a three-member joint investment committee (the "JIC") consisting of Daniel Schreiber, Shai Wininger and the Reporting Person, which shall act unanimously. The shares are directly held by SoftBank. The Reporting Person may be deemed to have voting and dispositive power with respect to the shares held by SoftBank. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. As of April 2022, the Reporting Person ceased to be associated with SoftBank and its affiliates. Upon his replacement on the JIC (which is in process), the Reporting Person will no longer be deemed to beneficially own such shares.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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Lemonade Inc. published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2022 01:55:02 UTC.
Lemonade, Inc. offers renters, homeowners, car, pet, and life insurance. The Company's full stack insurance carriers, powered by artificial intelligence, in the United States and the European Union replace brokers and bureaucracy with bots and machine learning. The Company's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, collecting and deploying data. Its technology includes Data Advantage, AI Maya, AI Jim, CX.AI, Forensic Graph, Blender and Cooper. AI Maya, its onboarding and customer experience bot, uses natural language to guide customers in joining the Company. AI Jim, its claims bot, takes the first notice of loss from its customer making a claim, paying the claimant or declining the claim without human intervention. It offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Even its basic pet insurance offering covers blood tests, urinalysis, lab work, and computed tomography scans.