On November 17, 2023, Irina Novoselsky and Silvija Martincevic each tendered their resignation as a director of Lemonade, Inc, effective on November 21, 2023. Ms. Novoselsky had served as a Class II director, Chair of the Audit Committee and member of the Compensation Committee. Ms. Martincevic had served as a Class III director, Chair of the Nominating and Corporate Governance Committee and member of the Audit Committee.

Ms. Martincevic?s and Ms. Novoselsky?s resignations were not the result of any disagreement with the Company on any matter related to the Company?s operations, policies or practices. On November 21, 2023, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, appointed each of Debra Schwartz and Samer Haj-Yehia to the Board to fill Ms. Martincevic?s and Ms. Novoselsky?s newly vacant seats, respectively, effective immediately (together, the ?New Directors?). Ms. Schwartz will serve as a Class III director for a term expiring at the Company?s annual meeting of stockholders to be held in 2026 and Dr. Haj-Yehia will serve as a Class II director for a term expiring at the Company?s annual meeting of stockholders to be held in 2025, in each case until his or her successor is duly elected and qualified or his or her earlier death, disqualification, resignation or removal.

In connection with the appointment of Ms. Schwartz to the Board, she was appointed to serve on the Audit Committee and the Nominating and Corporate Governance Committee, in each case to replace Ms. Martincevic, effective immediately. In connection with the appointment of Dr. Haj-Yehia to the Board, he was appointed to serve on the Audit Committee and Compensation Committee, in each case to replace Ms. Novoselsky, effective immediately. The Board also appointed Ms. Schwartz as Chair of the Nominating and Corporate Governance Committee and Dr. Haj-Yehia as Chair of the Audit Committee.