Lemonade COO files to sell 70k shares

Lemonade COO Adina Eckstein has filed a notice to sell up to 70,794 shares of company stock, with an estimated market value of about $5.6 million. The sale is planned through Oppenheimer & Co. and reflects a mix of recently exercised employee stock options and vested RSUs.

The transaction is being made under a 10b5-1 trading plan Eckstein adopted in September, which pre-schedules trades at set intervals. In the past three months, she has already sold 45,988 shares for roughly $3.4 million.

Lemonade has roughly 75 million shares outstanding, and the planned sale is scheduled to occur on or around December 8 on the NYSE.