Lemonade’s chief business officer Maya Prosor sells $10,981 in stock

Maya Prosor, the Chief Business Officer at Lemonade, Inc. (NYSE:LMND), recently sold shares of the company in a transaction dated March 4, 2025. According to a Form 4 filing with the Securities and Exchange Commission, Prosor sold 325 shares at a price of $33.79 each, totaling approximately $10,981. The transaction occurred as Lemonade’s stock has shown significant momentum, with a remarkable 115% return over the past year, according to InvestingPro data.

The sale was conducted to cover tax withholding obligations related to the vesting and settlement of Restricted Stock Units, as noted in the filing. Following this transaction, Prosor maintains direct ownership of 8,359 shares. Additionally, she holds 29,286 shares indirectly through Cohen Holdings, LLC, where she has voting and dispositive control. The company, currently valued at $2.52 billion, has demonstrated strong revenue growth of 22.5% in the last twelve months.

This transaction highlights the ongoing financial activities of Lemonade’s executives as they manage their equity positions within the company. InvestingPro analysis shows the stock typically trades with high volatility, and subscribers can access 8 additional key insights about LMND’s financial health and market position through the comprehensive Pro Research Report.

In other recent news, Lemonade Inc . reported a notable improvement in its fourth-quarter 2024 earnings, showcasing a 29% year-over-year increase in revenue to $149 million, surpassing the expected $145.02 million. The company also reported an earnings per share of -$0.42, exceeding the anticipated -$0.61, and achieved its first cash flow positive year with $48 million. Despite these positive results, investor concerns about future profitability led to a 13.57% decline in premarket trading for the company’s stock. Lemonade has set ambitious targets for the coming years, aiming to achieve EBITDA positive by 2026 and GAAP net income positive by 2027. The company is also expanding its car insurance product, now available in eight states, and plans to increase its growth spend by 40% year-over-year. Additionally, analysts from Morgan Stanley (NYSE:MS) and Oppenheimer have shown interest in Lemonade’s car insurance strategy and its path to profitability. These developments highlight Lemonade’s strategic focus on leveraging technology and innovation to drive growth in a competitive market.

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