LYFT insider filing: 3.95M shares via Morgan Stanley, $85.13M value

Rhea-AI Filing Summary

Lyft, Inc. (LYFT) filed a Form 144 reporting a proposed sale of 3,946,500 common shares through Morgan Stanley Smith Barney LLC on the NASDAQ with an aggregate market value of $85,126,005.00, slated for 09/25/2025. The filing lists total shares outstanding of 397,910,877, and shows the securities were acquired through multiple events including restricted stock vesting (2023, 2025), option exercises (2019), and founder stock (2008). The filing also discloses sales during the prior three months: Logan Green sold 250,000 shares and The Green 2020 Family Irrevocable Trust sold 200,000 shares on 09/15/2025 for gross proceeds of $5,002,575.00 and $4,000,500.00, respectively. The signer represents no undisclosed material adverse information.

Positive

• Full disclosure of broker, number of shares, aggregate market value, and planned sale date
• Clear acquisition history with dates and nature (restricted vesting, option exercises, founder stock)
• Prior three-month sales disclosed for transparency (Logan Green and related trust)

Negative

• Large insider sale proposed: 3,946,500 shares representing approximately 1.0% of outstanding shares
• Recent dispositions by named parties on 09/15/2025 (250,000 and 200,000 shares) may indicate ongoing insider liquidity

Insights

Securities Analyst

TL;DR: Insider holders intend to sell ~3.95M shares ($85.1M) via a brokered transaction, a notable size versus shares outstanding.

The Form 144 shows a proposed brokered sale of 3,946,500 common shares on NASDAQ with an aggregate market value of $85,126,005 and total shares outstanding of 397,910,877, implying the notice covers roughly 1.0% of outstanding shares. The filing transparently lists acquisition origins by date and type, including recent restricted stock vesting and historical option exercises and founder shares. Recent reported sales on 09/15/2025 by named parties (250,000 and 200,000 shares) are included, showing active dispositions in the period leading to the proposed sale. Materiality is situational; the disclosure is important for market transparency but does not itself provide operational or financial performance information.

Corporate Governance Expert

TL;DR: The filing documents significant insider-originated share dispositions and provides required representations about undisclosed material information.

The Form 144 meets regulatory disclosure requirements by specifying broker, amount, market value, acquisition dates and nature (restricted stock vesting, option exercises, founder stock). It also records prior three-month sales by the same persons. The signer affirms no undisclosed material adverse information. From a governance perspective, the filing enhances transparency around insider liquidity events and compliance with Rule 144 procedural rules, but it contains no commentary on strategic or operational matters.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	3946500	85126005.00	397910877	09/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/20/2025	Restricted stock vesting under a registered plan	Issuer			4185	08/20/2025	Services Rendered
Common	05/20/2025	Restricted stock vesting under a registered plan	Issuer			4489	05/20/2025	Services Rendered
Common	05/20/2023	Restricted stock vesting under a registered plan	Issuer			13151	05/20/2023	Services Rendered
Common	03/15/2019	Previously Exercised Options	Issuer			1596892	03/15/2019	Services Rendered
Common	03/15/2019	Previously Exercised Options	Issuer			30959	03/15/2019	Services Rendered
Common	07/22/2008	Founder Stock	Issuer			2296824	07/22/2008	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
LOGAN GREEN 185 Berry Street San Francisco CA 94107	COMMON	09/15/2025	250000	5002575.00
THE GREEN 2020 FAMILY IRREV TR 185 Berry Street San Francisco CA 94107	COMMON	09/15/2025	200000	4000500.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Lyft's (LYFT) Form 144 report?

The Form 144 reports a proposed sale of 3,946,500 common shares via Morgan Stanley Smith Barney LLC on 09/25/2025 with an aggregate market value of $85,126,005.00.

How many shares outstanding does the filing show for LYFT?

The filing lists 397,910,877 shares outstanding.

Who sold shares in the past three months according to the filing?

The filing shows Logan Green sold 250,000 shares for $5,002,575.00 and The Green 2020 Family Irrevocable Trust sold 200,000 shares for $4,000,500.00 on 09/15/2025.

What were the acquisition types for the securities to be sold?

Acquisitions include restricted stock vesting (2023, 2025), previously exercised options (2019), and founder stock (2008).

Through which broker will the proposed sale be executed?

The proposed sale lists Morgan Stanley Smith Barney LLC as the broker, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

Does the filer assert any undisclosed material information?

The person for whose account the securities are to be sold represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.