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Lemonade | SC 13G: Statement of acquisition of beneficial ownership by individuals-BlackRock, Inc.(5.8%)

SEC announcement ·  Jan 29 17:30
Summary by Moomoo AI
On December 31, 2023, BlackRock, Inc., a Delaware-based investment management corporation, filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing a 5.8% ownership stake in Lemonade, Inc., a company specializing in insurance technology. The filing indicates that BlackRock now beneficially owns 4,065,467 shares of Lemonade's common stock. This level of ownership requires regulatory disclosure and suggests a significant investment by BlackRock in Lemonade. The filing was made in accordance with Rule 13d-1(b) under the Securities Exchange Act of 1934, which is typically used by passive investors. The address of Lemonade's principal executive offices is listed as 5 Crosby Street, 3rd Floor, New York, NY 10013. The filing also details that BlackRock has sole voting power over 3,974,661 shares and sole dispositive power over all 4,065,467 shares, indicating that BlackRock does not share these powers with any other entity. The document was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., on January 29, 2024.
On December 31, 2023, BlackRock, Inc., a Delaware-based investment management corporation, filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing a 5.8% ownership stake in Lemonade, Inc., a company specializing in insurance technology. The filing indicates that BlackRock now beneficially owns 4,065,467 shares of Lemonade's common stock. This level of ownership requires regulatory disclosure and suggests a significant investment by BlackRock in Lemonade. The filing was made in accordance with Rule 13d-1(b) under the Securities Exchange Act of 1934, which is typically used by passive investors. The address of Lemonade's principal executive offices is listed as 5 Crosby Street, 3rd Floor, New York, NY 10013. The filing also details that BlackRock has sole voting power over 3,974,661 shares and sole dispositive power over all 4,065,467 shares, indicating that BlackRock does not share these powers with any other entity. The document was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., on January 29, 2024.
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