LYFT insider files Form 144: $8.18M founder share sale; 10b5-1 trades noted

Rhea-AI Filing Summary

The filing is a Form 144 notice for proposed sale of securities by holders related to Lyft, Inc. It lists 400,000 founder-class common shares proposed for sale through Morgan Stanley Smith Barney, with an aggregate market value of $8,176,000 and approximately 397,910,877 shares outstanding, indicating the proposed sale is roughly 0.10% of outstanding stock. The securities were acquired as founders shares on 07/22/2008. The filing also discloses recent Rule 10b5-1 sales on 09/15/2025 totaling 141,200 shares for gross proceeds of $2,844,032.28. The filer attests there is no undisclosed material adverse information.

Positive

• Compliance: The filer provides required Rule 144 disclosures and identifies use of 10b5-1 plans for recent sales.
• Transparency: Broker, share counts, acquisition date, and dollar values are explicitly stated.

Negative

• Insider selling: Proposed sale of 400,000 founder shares totaling $8,176,000, and recent 10b5-1 sales of 141,200 shares for $2,844,032.28.

Insights

Financial Analyst

TL;DR Insider holders are selling a small fraction of shares; aggregate proceeds are notable in dollars but immaterial to share count.

The notice reports a proposed sale of 400,000 founder shares valued at $8.176 million and recent executed 10b5-1 trades of 141,200 shares for about $2.84 million. Relative to the stated ~397.9 million shares outstanding, these transactions represent roughly 0.10% and 0.035% respectively, suggesting limited dilution or supply impact. From an investor-impact perspective, the transactions are documented and compliant with Rule 144 and 10b5-1 disclosures; they do not, by themselves, indicate a material change to the company’s financial position.

Corporate Governance Expert

TL;DR Proper disclosure of founder share sale and 10b5-1 activity; filings show formal attestation but no further governance events.

The filer identifies the securities as founders shares acquired 07/22/2008 and provides broker and proposed sale details consistent with Rule 144 requirements. The filing includes the required attestation regarding material non-public information and notes reliance on 10b5-1 plans for prior sales executed on 09/15/2025. There are no statements of other governance changes, departures, or material transactions in this document.

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	400000	8176000.00	397910877	09/16/2025	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	07/22/2008	Founders Shares	Issuer			400000	07/22/2008	N/A

* 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
10b5-1 Sales for JOHN ZIMMER 185 Berry Street Suite 400 San Francisco CA 94107	Common	09/15/2025	91200	1824857.28
10b5-1 Sales for THE ZIMMER 2014 IRV TRUST AGREEMENT U/A DTD 06/16/2014 185 Berry Street Suite 400 San Francisco CA 94107	Common	09/15/2025	50000	1000175.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 the Form 144 for LYFT disclose?

The Form 144 discloses a proposed sale of 400,000 founder common shares via Morgan Stanley Smith Barney valued at $8,176,000, plus recent 10b5-1 sales of 141,200 shares generating $2,844,032.28.

When were the securities originally acquired for the proposed sale?

The securities to be sold were acquired as founders shares on 07/22/2008.

How large is the proposed sale relative to LYFT's outstanding shares?

The proposed 400,000 shares compare to 397,910,877 shares outstanding, approximately 0.10% of outstanding common stock.

Who is the broker handling the proposed sale?

The broker named for the proposed sale is Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, 8th Floor, New York, NY 10004.

Were recent insider sales executed under a trading plan?

Yes. The filing shows recent sales on 09/15/2025 labeled as 10b5-1 sales for John Zimmer and The Zimmer 2014 Irv Trust.