What triggered the tax-withholding share disposition at Lyft (LYFT)?

The disposition was triggered by the net settlement of restricted stock units that vested for Stephen W. Hope. Certain securities are RSUs, each representing a right to one Class A share, subject to the vesting schedule and related conditions.

Lyft (LYFT) CAO Stephen Hope has 7,436 shares withheld to cover RSU taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lyft, Inc. chief accounting officer Stephen W. Hope had 7,436 shares of Class A Common Stock withheld on May 20, 2026 to cover taxes on vested restricted stock units. The shares were valued at $13.18 each and were retained by Lyft to satisfy its tax withholding and remittance obligations.

The filing specifies this was a tax-withholding transaction and not an open-market sale by Hope. After this withholding, he continued to hold 340,923 shares directly, so the disposition represents a small portion of his overall equity position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hope Stephen W.

Role CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	7,436	$13.18	$98K

Holdings After Transaction: Class A Common Stock — 340,923 shares (Direct, null)

Footnotes (1)

Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units (RSUs) and does not represent a sale by the Reporting Person. 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.

Key Figures

Tax-withheld shares: 7,436 shares Withholding price: $13.18 per share Shares held after transaction: 340,923 shares +1 more

4 metrics

Tax-withheld shares 7,436 shares Shares withheld for tax obligations on RSU net settlement

Withholding price $13.18 per share Valuation used for tax-withholding disposition

Shares held after transaction 340,923 shares Direct Class A holdings after tax withholding

Tax-withholding transactions 1 transaction, 7,436 shares Summary of tax-withholding activity in this Form 4

Key Terms

restricted stock units (RSUs), net settlement, tax withholding and remittance obligations, Class A Common Stock

4 terms

restricted stock units (RSUs) financial

"Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

net settlement financial

"in connection with the net settlement of restricted stock units (RSUs)"

tax withholding and remittance obligations financial

"withheld by the Issuer to satisfy its tax withholding and remittance obligations"

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 Insider Transactions: What Each Field Means →

05/22/2026 - 06:42 PM

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).

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^*

Hope Stephen W.

(Last)

(First)

(Middle)

C/O LYFT, INC.

185 BERRY STREET, SUITE 400

(Street)

SAN FRANCISCO

CALIFORNIA

94107

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/20/2026		F		7,436⁽¹⁾	D	$13.18	340,923⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units (RSUs) and does not represent a sale by the Reporting Person.

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.

	/s/ Kevin C. Chen, by power of attorney	05/22/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Lyft (LYFT) report for Stephen W. Hope?

Lyft reported that chief accounting officer Stephen W. Hope had 7,436 Class A shares withheld to cover taxes on vested RSUs. The shares were taken by Lyft for withholding and remittance, rather than sold on the open market.

Was the Lyft (LYFT) Form 4 transaction an open-market sale?

No, the Form 4 states the 7,436 shares were withheld by Lyft to satisfy tax withholding and remittance obligations. The footnote clarifies this tax-withholding disposition does not represent a sale by Stephen W. Hope in the open market.

At what price were the Lyft (LYFT) shares withheld for taxes?

The 7,436 Lyft Class A shares were valued at $13.18 per share for the tax-withholding disposition. This price is used to determine the value of shares withheld to satisfy the issuer’s tax obligations on vested restricted stock units.

How many Lyft (LYFT) shares did Stephen W. Hope hold after the tax withholding?

After the 7,436-share tax withholding, Stephen W. Hope directly held 340,923 Lyft Class A shares. This indicates the withholding event affected only a small fraction of his total reported equity position in the company.