[Form 4] Lyft, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing for Lyft, Inc. (LYFT) discloses equity awards granted to Chief Accounting Officer Stephen W. Hope on 23 Jul 2025.

• 147,249 Restricted Stock Units (RSUs) granted. Vesting: 1/12 on 20 Nov 2025 and quarterly thereafter, subject to continued service.
• 176,084 Performance-based RSUs (PSUs) granted. Vest in four tranches over 4 years based on LYFT share-price targets and service conditions.
• Total shares now beneficially owned: 323,333 Class A common shares, all held directly.
• Transaction code “A” indicates an award/grant with $0 acquisition cost; no open-market purchase or sale occurred.

No derivative securities were reported. The filing signals additional future share issuance as awards vest, but there is no immediate cash transaction or dilution. The grant aligns executive incentives with long-term stock performance.

Positive

• No insider sales; only equity awards, removing immediate selling pressure.
• Performance-linked PSUs align executive incentives with long-term shareholder returns.

Negative

• Potential dilution of up to 323,333 shares if all units vest.

Insights

Equity Compensation Analyst

TL;DR – CAO received 323k LYFT RSU/PSU grant; no sales, aligns pay with stock; modest future dilution.

The award combines time-based (147k) and performance-based (176k) units, standard for senior officers onboarding or retention. Because vesting stretches over four years and PSUs hinge on share-price hurdles, actual share delivery—and therefore dilution—will be staggered and conditional. No insider selling occurred, removing near-term supply pressure. Investors should monitor future Form 4s for vesting or forfeiture events that may affect share count.

Securities Analyst

TL;DR – Neutral filing; informational about incentive structure, not market-moving.

The filing does not affect revenue, guidance, or cash flow. Share count impact, if fully vested, equals roughly 0.09 % of LYFT’s ~360 M diluted shares—immaterial today. Still, performance tranches reinforce management commitment to share-price appreciation. I classify the disclosure as not impactful to valuation in the short term.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

Hope Stephen W.

(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 ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025

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	07/23/2025		A		147,249(1)	A	$0	147,249(1)	D
Class A Common Stock	07/23/2025		A		176,084(2)	A	$0	323,333(3)	D

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 November 20, 2025 and on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

2. 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 July 23, 2025. 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.

3. 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.

	/s/ Kevin C. Chen, by power of attorney	07/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many LYFT shares were granted to the CAO on 23 Jul 2025?

A total of 323,333 Class A shares (147,249 RSUs and 176,084 PSUs) were granted.

What are the vesting terms of the RSUs disclosed in the LYFT Form 4?

RSUs vest 1/12 on 20 Nov 2025 and quarterly thereafter, contingent on continued employment.

What triggers vesting of the PSUs awarded to LYFT’s CAO?

PSUs vest in four tranches if stock-price targets are met within four years and service conditions are satisfied.

Did the LYFT insider sell any stock in this filing?

No. All transactions were coded "A" for awards; there were no sales or purchases.

How might the Form 4 affect LYFT’s share count?

If every unit vests, 323,333 new shares could be issued over four years, a ~0.09 % increase vs. 360 M diluted shares.