Lemonade appoints Prashant Ratanchandani to Board as Class II director effective Oct 15, 2025

Lemonade, Inc.

Mr. Ratanchandani joins as a Class II director with term expiring at 2028 annual meeting.
Receives annual cash retainer of $30,000, paid quarterly for board service.
Initial RSU award of $175,000 vests in equal annual installments over three years.
Annual RSU award of $150,000 granted after each annual meeting, vesting one year later.
No family relationships or material interests with other directors or officers disclosed.

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