Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. _____)*
| Lemonade, Inc. |
| (Name of Issuer) |
| Common Stock |
| (Title of Class of Securities) |
| 52567D107 |
| (CUSIP Number) |
| December 31, 2020 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ¨ | Rule 13d-1(b) |
| ¨ | Rule 13d-1(c) |
| x | Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 12 Pages
Exhibit Index Contained on Page 12
| CUSIP NO. 52567D107 | 13 G | Page 2 of 12 |
| 1 | NAME OF REPORTING PERSON Aleph, L.P. (“Aleph”) | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 2,807,225 shares, except that Aleph Equity Partners, L.P. (the “DGP”), the general partner of Aleph, and Aleph EP, Ltd. (the “UGP”), the general partner of the DPG, may be deemed to have sole power to vote these shares, and Michael Eisenberg (“Eisenberg”) and Eden Shochat (“Shochat”), the directors of the UGP, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 2,807,225 shares, except that the DPG, the general partner of Aleph, and the UPG, the general partner of the DGP, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 2,807,255 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 4.9% |
| 12 | TYPE OF REPORTING PERSON | PN |
| CUSIP NO. 52567D107 | 13 G | Page 3 of 12 |
| 1 | NAME OF REPORTING PERSON Aleph-Aleph, L.P. (“Aleph-Aleph”) | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 280,295 shares, except that the DGP, the general partner of Aleph, and the UGP, the general partner of the DGP, may be deemed to have sole power to vote these shares, and Eisenberg and Shochat, the directors of the entity the UGP, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 280,295 shares, except that the DGP, the general partner of Aleph, and the UGP, the general partner of the DGP, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the entity the UGP, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 280,295 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.5% |
| 12 | TYPE OF REPORTING PERSON | PN |
| CUSIP NO. 52567D107 | 13 G | Page 4 of 12 |
| 1 | NAME OF REPORTING PERSON Aleph Equity Partners, L.P. (the “DGP”) | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. The DGP, the general partner of Aleph and Aleph-Aleph, may be deemed to have sole power to vote these shares, except that the UGP, the general partner of the DGP, may be deemed to have sole power to vote these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. The DGP, the general partner of Aleph and Aleph-Aleph, may be deemed to have sole power to dispose of these shares, except that the UGP, the general partner of the DGP, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 3,087,520 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.4% |
| 12 | TYPE OF REPORTING PERSON | PN |
| CUSIP NO. 52567D107 | 13 G | Page 5 of 12 |
| 1 | NAME OF REPORTING PERSON Aleph EP, Ltd. (the “UGP”) | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. The UGP is the general partner of the DGP, the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have sole power to vote these shares, except the DGP, the general partner of each of Aleph and Aleph-Aleph, may be deemed to have sole power to vote these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. The UGP is the general partner of the DGP, the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have sole power to dispose of these shares, except the DGP, the general partner of each of Aleph and Aleph-Aleph, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 3,087,520 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.4% |
| 12 | TYPE OF REPORTING PERSON | OO |
| CUSIP NO. 52567D107 | 13 G | Page 6 of 12 |
| 1 | NAME OF REPORTING PERSON Michael Eisenberg (“Eisenberg”) | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
(a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of Israel | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 18,313 shares |
| 6 | SHARED VOTING POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. Eisenberg is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to vote these shares. | |
| 7 | SOLE
DISPOSITIVE POWER 18,313 shares | |
| 8 | SHARED DISPOSITIVE POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. Eisenberg is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to dispose of these shares. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 3,105,833 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.5% |
| 12 | TYPE OF REPORTING PERSON | IN |
| CUSIP NO. 52567D107 | 13 G | Page 7 of 12 |
| 1 | NAME OF REPORTING PERSON Eden Shochat (“Shochat”) | |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨ (b) x |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of Israel | |
|
|
5 | SOLE VOTING POWER 12,364 shares |
| 6 | SHARED VOTING POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. Shochat is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to vote these shares. | |
| 7 | SOLE DISPOSITIVE POWER 12,364 shares | |
| 8 | SHARED DISPOSITIVE POWER 3,087,520 shares, of which 2,807,225 shares are beneficially owned by Aleph and 280,295 shares are beneficially owned by Aleph-Aleph. Shochat is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to dispose of these shares. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 3,099,884 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.5% |
| 12 | TYPE OF REPORTING PERSON | IN |
| CUSIP NO. 52567D107 | 13 G | Page 8 of 12 |
| ITEM 1(A). | NAME OF ISSUER |
| Lemonade, Inc. |
| ITEM 1(B). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
| 5 Crosby Street, 3rd Floor |
| New York, NY 10013 |
| ITEM 2(A). | NAME OF PERSONS FILING This Statement is filed by Aleph, L.P., a Cayman Islands exempted limited partnership (“Aleph”); Aleph-Aleph, L.P., a Cayman Islands exempted limited partnership (“Aleph-Aleph”); Aleph Equity Partners, L.P., a Cayman Island exempted limited partnership (the “DGP); Aleph EP Ltd., a Cayman Islands exempted company (the “UGP”); Michael Eisenberg (“Eisenberg”), a citizen of Israel; and Eden Shochat (“Shochat”), a citizen of Israel. The foregoing entities and individuals are collectively referred to as the “Reporting Persons.” |
| Aleph and Aleph-Aleph are venture capital funds. The DGP is the general partner of each of Aleph and Aleph-Aleph and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer owned by the UGP for the benefit of Aleph and Aleph-Aleph. The UGP is the general partner of the DPG and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer owned by the UGP for the benefit of Aleph and Aleph-Aleph. |
| Eisenberg and Shochat are the directors of the UGP and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by the UGP for the benefit of Aleph and Aleph-Aleph. |
| ITEM 2(B). | ADDRESS OF PRINCIPAL BUSINESS OFFICE |
The address for each reporting person is:
| Aleph |
32 Rothschild Blvd.
Tel Aviv, Israel 61291
| ITEM 2(C). | CITIZENSHIP |
Aleph, Aleph-Aleph and the DGP are Cayman Islands exempted limited partnerships. The UGP is a Cayman Islands exempted company. Eisenberg and Shochat are citizens of Israel.
| ITEM 2(D) and (E). | TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER |
Common Stock, par value $0.00001
CUSIP # 52567D107
| ITEM 3. | Not Applicable. |
| ITEM 4. | OWNERSHIP |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2020 based upon 56,768,257 shares of Common Stock outstanding as of December 31, 2020 based on the Issuer’s registration statement on Form S-1 filed with the Securities and Exchange Commission on January 11, 2021.
| CUSIP NO. 52567D107 | 13 G | Page 9 of 12 |
| (a) | Amount beneficially owned: See Row 9 of cover page for each Reporting Person. |
| (b) | Percent of Class: See Row 11 of cover page for each Reporting Person. |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: See Row 5 of cover page for each Reporting Person. |
| (ii) | Shared power to vote or to direct the vote: |
See Row 6 of cover page for each Reporting Person.
| (iii) | Sole power to dispose or to direct the disposition of: |
See Row 7 of cover page for each Reporting Person.
| (iv) | Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each Reporting Person. |
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
Not applicable.
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
Under certain circumstances set forth in the limited partnership agreements of each of Aleph, Aleph-Aleph and the DGP, and the memorandum and articles of associate of the UGP, the general and limited partners or directors, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a general partner, limited partner or director, as the case may be.
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY |
Not applicable.
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
Not applicable.
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP |
Not applicable.
| ITEM 10. | CERTIFICATION |
Not applicable.
| CUSIP NO. 52567D107 | 13 G | Page 10 of 12 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 16, 2021
| Aleph EP, Ltd. | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| Aleph Equity Partners, L.P. | ||
| By: Aleph EP, Ltd., | ||
| Its General Partner | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| Aleph, L.P. | ||
| By: | Aleph Equity Partners, L.P., | |
| Its General Partner | ||
| By: | Aleph EP, Ltd., | |
| Its General Partner | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| Aleph-Aleph, L.P. | ||
| By: | Aleph Equity Partners, L.P., | |
| Its General Partner | ||
| By: | Aleph EP, Ltd., | |
| Its General Partner | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| /s/ Michael Eisenberg | ||
| Michael Eisenberg | ||
| /s/ Eden Shochat | ||
| Eden Shochat | ||
| CUSIP NO. 52567D107 | 13 G | Page 11 of 12 |
EXHIBIT INDEX
| Found on Sequentially | |
| Exhibit | Numbered Page |
| Exhibit A: Agreement of Joint Filing | 12 |
| CUSIP NO. 52567D107 | 13 G | Page 12 of 12 |
exhibit A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Lemonade, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.
Date: February 16, 2021
| Aleph EP, Ltd. | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| Aleph Equity Partners, L.P. | ||
| By: Aleph EP, Ltd., | ||
| Its General Partner | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| Aleph, L.P. | ||
| By: | Aleph Equity Partners, L.P., | |
| Its General Partner | ||
| By: | Aleph EP, Ltd., | |
| Its General Partner | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| Aleph-Aleph, L.P. | ||
| By: | Aleph Equity Partners, L.P., | |
| Its General Partner | ||
| By: | Aleph EP, Ltd., | |
| Its General Partner | ||
| By: | /s/ Michael Eisenberg | |
| Michael Eisenberg, Director | ||
| /s/ Michael Eisenberg | ||
| Michael Eisenberg | ||
| /s/ Eden Shochat | ||
| Eden Shochat | ||