Eckstein Adina 4

4 · Lemonade, Inc. · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 11, 2026

Lemonade COO Adina Eckstein Receives RSU and Option Awards

What Happened

Adina Eckstein, Chief Operating Officer of Lemonade, Inc. (LMND), was granted two awards on March 8, 2026: 145,112 restricted stock units (RSUs) and 54,417 stock-option awards. Both items are reported as acquired at $0.00 (grant awards), not open-market purchases or sales.

Key Details

Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (timely).
Reported acquisition price: $0.00 for both the RSUs and the option award.
Shares owned after transaction: Not specified in the provided Form 4 summary.
Footnote F1 (RSUs): 145,112 RSUs vest quarterly over 8 years beginning June 1, 2026. Vesting schedule by year: 5% (year 1), 10% (year 2), 15% (year 3), 20% (years 4 & 5), 15% (year 6), 10% (year 7), 5% (year 8). Each RSU is a contingent right to one share.
Footnote F2 (Options): 54,417 option awards vest and become exercisable quarterly over 8 years beginning June 8, 2026, with the same percentage schedule as the RSUs. Each option is a contingent right to one share.
Filing timeliness: Reported on Mar 10, 2026 for the Mar 8, 2026 grant (appears timely per Form 4 rules).

Context

These are compensation grants (awards), not purchases or exercises; they do not indicate an immediate buy or sale of shares. The RSUs convert to common stock only as they vest; the options will vest and become exercisable over time per the schedule. The filing does not show any immediate exercise, sale, or tax-withholding share disposition.

Form 4

Period: 2026-03-08

Chief Operating Officer

Transactions

Award
COMMON STOCK
[F1]
2026-03-08+145,112→ 333,503 total
Award
STOCK OPTION
[F2]
2026-03-08+54,417→ 54,417 total
Exercise: $55.13Exp: 2036-03-08→ COMMON STOCK (54,417 underlying)

Footnotes (2)

[F1]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 begin 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.
[F2]Represents an option award, which will vest and become exercisable in quarterly installments over 8 years, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date. The awards begin vesting quarterly on June 8, 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 option represents a contingent right to receive one share of the Issuer's common stock.

Signature

/s/ Timothy Bixby, Attorney-in-Fact for Adina Eckstein|2026-03-10

1 file