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Lyft (NASDAQ: LYFT) director awarded 18,453 RSUs vesting through 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Stephenson Dave reported acquisition or exercise transactions in this Form 4 filing.

Lyft, Inc. director Dave Stephenson received a grant of 18,453 restricted stock units (RSUs) of Class A Common Stock at no cash cost. After this award, he holds 106,064 shares directly.

The RSUs vest in four equal installments on August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day before Lyft’s 2027 annual stockholder meeting, as long as he continues as a service provider through each date.

Positive

  • None.

Negative

  • None.
Insider Stephenson Dave
Role null
Type Security Shares Price Value
Grant/Award Class A Common Stock 18,453 $0.00 --
Holdings After Transaction: Class A Common Stock — 106,064 shares (Direct, null)
Footnotes (1)
  1. These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-fourth of the RSUs shall vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day prior to the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person continuing as a service provider through each such date. 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.
RSUs granted 18,453 shares Restricted stock units of Class A Common Stock granted to director
Shares held after grant 106,064 shares Total direct Class A Common Stock holdings after transaction
Grant price $0.00 per share Equity award received at no cash cost to the director
First vesting date August 20, 2026 One-fourth of RSUs vest on this date, subject to continued service
Final vesting window May 20, 2027 Final tranche vests on this date or day before 2027 annual meeting
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share"
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.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of 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.
vesting schedule financial
"subject to the applicable vesting schedule and conditions of each RSU"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
service provider financial
"subject to the Reporting Person continuing as a service provider through each such date"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Stephenson Dave
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/03/2026A18,453(1)A$0106,064(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-fourth of the RSUs shall vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day prior to the date of the Issuer's 2027 annual meeting of stockholders, 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.
/s/ Kevin C. Chen, by power of attorney06/05/2026
** Signature of Reporting PersonDate
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 director Dave Stephenson report on this Form 4?

Dave Stephenson reported receiving 18,453 restricted stock units (RSUs) of Lyft Class A Common Stock. The award is a stock-based compensation grant at no cash cost, increasing his direct holdings to 106,064 shares after the transaction.

How many Lyft (LYFT) shares does Dave Stephenson hold after this RSU grant?

After the reported RSU grant, Dave Stephenson holds 106,064 shares of Lyft Class A Common Stock directly. This total includes shares underlying RSUs that vest over time, as described in the award’s vesting schedule and conditions.

What is the vesting schedule for Dave Stephenson’s new LYFT RSU award?

The 18,453 Lyft RSUs vest in four equal parts on August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day before Lyft’s 2027 annual stockholder meeting, subject to continued service.

What does each Lyft (LYFT) RSU granted to Dave Stephenson represent?

Each restricted stock unit (RSU) awarded to Dave Stephenson represents a contingent right to receive one share of Lyft Class A Common Stock. Delivery of these shares depends on meeting the specified vesting dates and continued service requirements.

Was Dave Stephenson’s LYFT Form 4 transaction a market buy or sell?

No, the Form 4 reflects a grant of 18,453 RSUs to Dave Stephenson, not a market purchase or sale. The reporting code is “A,” indicating a grant or award acquisition of equity-based compensation from Lyft.