Lyft (LYFT) director David Lawee receives 18,453 RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lawee David reported acquisition or exercise transactions in this Form 4 filing.
Lyft, Inc. director David Lawee reported receiving a grant of 18,453 restricted stock units (RSUs) for Class A Common Stock, awarded at no cash cost per share. After this grant, he directly holds 123,737 Class A shares and RSUs in total.
Each RSU represents a right to receive one share of Class A stock if service conditions are met. One-fourth of the RSUs will vest on each of 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, provided Lawee continues as a service provider through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawee David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 18,453 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 123,737 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs granted: 18,453 RSUs
Post-transaction holdings: 123,737 shares/RSUs
Grant price: $0.0000 per share
+4 more
7 metrics
RSUs granted
18,453 RSUs
Award of Class A Common Stock RSUs to director
Post-transaction holdings
123,737 shares/RSUs
Total Class A holdings after grant
Grant price
$0.0000 per share
Compensation grant, not open-market purchase
First vesting date
August 20, 2026
One-fourth of RSUs vest
Second vesting date
November 20, 2026
One-fourth of RSUs vest
Third vesting date
February 20, 2027
One-fourth of RSUs vest
Final vesting reference
May 20, 2027 / pre-2027 meeting
Remaining RSUs vest earlier of date or day prior to 2027 meeting
Key Terms
restricted stock units (RSUs), contingent right, vesting, service provider
4 terms
restricted stock units (RSUs) financial
"These securities are restricted stock units (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.
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock."
vesting financial
"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..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
service provider financial
"subject to the Reporting Person continuing as a service provider through each such date."
FAQ
What did Lyft (LYFT) director David Lawee report in this Form 4 filing?
David Lawee reported receiving a grant of 18,453 restricted stock units (RSUs) of Lyft Class A Common Stock. These RSUs are compensation, not open‑market purchases, and will convert into shares only if future vesting and service conditions are satisfied.
What are the vesting dates for David Lawee’s new Lyft RSU award?
The 18,453 Lyft RSUs vest in four equal installments. One‑fourth vests 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, assuming continued service.
What does each Lyft RSU granted to David Lawee represent?
Each restricted stock unit granted to David Lawee represents a contingent right to receive one share of Lyft Class A Common Stock. The right becomes actual stock only when the specific vesting schedule and service conditions described in the award are fully met.
Was David Lawee’s Lyft RSU grant an open‑market stock purchase?
No, the RSU grant was not an open‑market purchase. It was a compensation-related award recorded at a price of $0.0000 per share, meaning Lawee did not pay cash per share, and shares will be delivered only upon future vesting.