LYFT Form 144/A: 2.19M shares proposed sale; Sep sales totaled 1.54M
Rhea-AI Filing Summary
The Form 144/A notice shows that a holder affiliated with LYFT proposes to sell 2,190,000 shares of common stock on or about 10/03/2025 through Fidelity Brokerage Services LLC, with an aggregate market value of approximately $48,158,100 and total shares outstanding listed as 397,910,877. The filer’s history of acquiring the securities is provided: multiple founder shares, NSO/ISO grants and several RSU grants between 2008 and 2025, with specific lots and amounts disclosed. The filing also reports recent open-market sales by the same person: 91,200 and 50,000 shares on 09/15/2025, and 1,002,260 and 400,000 shares on 09/16/2025, generating gross proceeds of $1,698,144, $100,175, $20,486,194, and $8,176,000, respectively. The filer certifies no undisclosed material adverse information and includes the standard Rule 144 representation.
Positive
- Transparency of holdings: Filing discloses acquisition dates and lot sizes for founder shares, NSOs/ISOs, and RSUs from 2008–2025
- Recent liquidity provided: Open-market sales on 09/15–16/2025 generated aggregate gross proceeds of $30,460,513
Negative
- Large near-term proposed sale: Proposed sale of 2,190,000 shares (~$48.16M) on 10/03/2025 could increase share supply
- Concentrated insider selling: Four recent sales totaling 1,543,460 shares in two days (09/15–16/2025) represent meaningful insider disposition
Insights
Large proposed block sale and recent sales disclosed; notable near-term supply to market.
The filing shows a proposed sale of 2,190,000 shares (~$48.16M) scheduled for 10/03/2025, executed through Fidelity. That proposed sale is disclosed alongside four sizable open-market sales totaling 1,543,460 shares on 09/15–16/2025 that produced combined gross proceeds of $30,460,513.
Because the document lists acquisition lots (founder shares, NSO/ISO, RSUs) with dates, the sales appear to be disposals of previously held equity rather than newly issued shares; the filing does not state any trading plan adoption date. This is material to short-term share supply but the filing contains no statement about planned use of proceeds.