The lesbian flag was redesigned by Emily Gwen on Twitter and Tumblr in 2018, as the original flag with the pink stripes was associated with trans and butch hostility. This new flag is intended to explicitly include all lesbians, including trans lesbians, non-binary lesbians and lesbians who do not use her/her pronouns. The stripes stand for, from top to bottom: gender noconformity, independence, community, special relationship with femininity, clarity and peace, love and sex, and femininity.

Source: https://queer-lexikon.net/pride-flags/