Director Angelidis-Smith Maria acquired 33,554 shares in 2 transactions for $1,007,444.70 at blended $30.02, in newly unprofitable high-growth firm.
Angelidis-Smith Maria, a Director at Lemonade, purchased 33,554 shares in two separate transactions between November 8–13, 2024, spending $1,007,444.70 at a blended average price of $30.02 per share. This represents a new position (moving from 0 to 33.6K shares), establishing material exposure to the company. The purchase occurs against a mixed backdrop: the stock has rallied 82.4% over 30 days and 94.2% over 90 days, currently trading at $31.99 (6.6% below its 52-week high of $34.24), while the company reported negative net income of $-67,700,000.00 on revenue of $136,600,000.00 in the latest quarter and remains unprofitable on a full-year basis despite strong 67.4% annual revenue growth. The timing and scale of this multi-transaction purchase by a Director warrant examination of context—whether driven by conviction in turnaround potential, scheduled trading arrangements, or other corporate circumstances not evident in these facts alone.