Lemonade issues warrant to Chewy Insurance Services for up to 3.35M shares at $0.01

Lemonade, Inc.

Warrant to purchase 3,352,025 shares of common stock at $0.01 per share, vesting over five years with performance conditions.
Entered into commercial agency agreement with Chewy Insurance Services on same date.
Amended investors' rights agreement to grant registration rights to Chewy and file Form S-3 by Dec 31, 2023.
Warrant issued in private placement, unregistered under Securities Act; contains 4.999% beneficial ownership limitation.
Chewy may transfer warrant to affiliates, lenders, or with company consent; subject to restrictions.

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