Lyft (LYFT) CFO Erin Brewer receives major RSU and PSU stock awards

Rhea-AI Filing Summary

Lyft, Inc. chief financial officer Erin Brewer reported stock-based awards and updated holdings in Class A Common Stock. She acquired 124,047 restricted stock units that vest in equal quarterly installments starting on May 20, 2026, subject to continued service. She also acquired 187,089 performance-based RSUs that may vest in four tranches over four years beginning on February 27, 2026, based on Lyft’s stock price performance and compensation committee certification, plus service-based conditions. An additional 664,996 shares are held indirectly through the Erin M. Brewer 2022 Trust, for which she serves as trustee.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brewer Erin

(Last) (First) (Middle)

C/O LYFT, INC.

185 BERRY STREET, SUITE 400

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lyft, Inc. [ LYFT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/27/2026		A		124,047(1)	A	$0	1,138,898(2)	D
Class A Common Stock	02/27/2026		A		187,089(3)	A	$0	1,325,987(2)	D
Class A Common Stock								664,996	I	See Footnote(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-twelfth of the RSUs shall vest on May 20, 2026 and on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

2. Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.

3. These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest in four tranches based on the Issuer's stock price performance over certain performance periods during the four years beginning on February 27, 2026. Upon achievement of a stock price performance target and certification of achievement by the Compensation Committee of the Issuer's Board of Directors, the PSUs in the applicable tranche will vest in full if certain service-based vesting conditions applicable to such tranche have been met, subject to the Reporting Person continuing as a service provider through each such date.

4. These shares are held by the Erin M. Brewer 2022 Trust, dated August 9, 2022, for which the Reporting Person serves as trustee.

	/s/ Kevin C. Chen, by power of attorney	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Lyft (LYFT) CFO Erin Brewer report in this Form 4 filing?

Lyft CFO Erin Brewer reported the acquisition of stock-based awards and updated her shareholdings. The filing shows new restricted stock units and performance-based RSUs, plus a significant indirect holding through a 2022 trust where she serves as trustee.

How many RSUs did Lyft (LYFT) CFO Erin Brewer receive and when do they vest?

Erin Brewer received 124,047 restricted stock units. One-twelfth of these RSUs vests on May 20, 2026, and one-twelfth on each three-month anniversary afterward, as long as she continues as a service provider through each scheduled vesting date.

What are the performance-based RSUs reported by Lyft (LYFT) CFO Erin Brewer?

Brewer acquired 187,089 performance-based RSUs, each representing a right to one Class A share. These PSUs can vest in four tranches over four years starting February 27, 2026, depending on Lyft’s stock price performance and service-based vesting conditions.

Are Erin Brewer’s new Lyft (LYFT) RSU and PSU awards purchased on the open market?

No, the RSU and PSU awards were grants at no cash cost, reflected with a per-share price of $0.00. They represent contingent rights to receive Lyft Class A shares if the stated vesting and performance conditions are satisfied over time.

What indirect Lyft (LYFT) shareholdings does CFO Erin Brewer report?

The filing shows 664,996 Class A shares held indirectly by the Erin M. Brewer 2022 Trust, dated August 9, 2022. Brewer serves as trustee of this trust, so these shares are reported as indirectly owned in addition to her directly held stock and awards.

How many Lyft (LYFT) shares does Erin Brewer hold directly after these transactions?

After the reported award grants, Brewer’s directly held Class A Common Stock totals 1,325,987 shares across her direct ownership entries. This figure reflects the inclusion of RSU and PSU awards as reported in the non-derivative holdings table.