Lyft Officer Executes 10b5-1 Sale; Tax Withholding of 32,418 RSU Shares

Rhea-AI Filing Summary

Lyft insider filings show routine tax-related withholding and a planned sale under a 10b5-1 plan. The reporting person, Catherine Llewellyn, Chief Legal and Business Officer and Corporate Secretary, had 32,418 shares withheld to satisfy tax obligations related to net settlement of restricted stock units and sold 28,356 shares on 08/22/2025 pursuant to a Rule 10b5-1 trading plan. After the transactions the reporting person beneficially owned 850,388 shares of Class A common stock, held directly, with some shares held in a living trust and certain securities consisting of unvested RSUs.

Positive

• Transaction executed under a 10b5-1 trading plan, indicating pre-planned and rule-compliant sale
• Tax withholding handled by issuer through net settlement of RSUs, indicating standard compensation processing
• Reporter retains substantial beneficial ownership with 850,388 Class A shares after the sale

Negative

• Direct holdings decreased by 28,356 shares due to the executed sale on 08/22/2025

Insights

Corporate Governance Expert

TL;DR: Routine insider tax withholding and a planned sale under a 10b5-1 plan; no new governance issues disclosed.

The Form 4 shows standard actions: shares withheld to satisfy tax obligations from RSU net settlement and a sale executed under a pre-existing Rule 10b5-1 plan adopted May 23, 2025. The filing discloses beneficial ownership structure including a living trust and outstanding RSUs. There are no disclosures of new grants, amendments to compensation arrangements, or unusual transactions that would suggest material governance change.

Securities Analyst

TL;DR: Insider reduced direct holdings modestly via scheduled plan sales; transactions appear administrative and pre-planned.

The reported sale of 28,356 shares at a weighted average price of $15.845 and tax-withholding of 32,418 shares are explicitly tied to RSU settlement and a 10b5-1 plan. The filing includes the exact weighted average sale price range ($15.755 to $16.01) and confirms that the filer remains a significant holder with 850,388 Class A shares post-transaction. No indications of unplanned liquidity events are present in the filing.

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).

X

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^*

Llewellyn Lindsay Catherine

(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)
	SEE REMARKS

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		F		32,418(1)	D	$15.57	878,744(2)(3)	D
Class A Common Stock	08/22/2025		S(4)		28,356	D	$15.845(5)	850,388(2)(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. 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. A portion of the shares are held by a living trust for which the Reporting Person is the sole trustee and lifetime beneficiary.

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.

4. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2025.

5. This transaction was executed in multiple trades at prices ranging from $15.755 to $16.01. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.

Remarks:

Officer title: Chief Legal and Business Officer, Corporate Secretary

	/s/ Kevin C. Chen, by power of attorney	08/22/2025
	** 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.
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.

FAQ

What shares did the LYFT insider sell according to this Form 4?

The reporting person sold 28,356 shares of Class A common stock on 08/22/2025 pursuant to a Rule 10b5-1 trading plan.

Why were 32,418 shares withheld in the LYFT Form 4?

The 32,418 shares were withheld to satisfy tax withholding obligations in connection with net settlement of restricted stock units.

What was the weighted average sale price reported for the LYFT insider sale?

The weighted average sale price reported was $15.845, with individual trades ranging from $15.755 to $16.01.

How many LYFT shares does the reporting person beneficially own after the transactions?

After the reported transactions the reporting person beneficially owned 850,388 shares of Class A common stock.

What is the reporting person’s role at LYFT as listed on the Form 4?

The Form 4 lists the reporting person as Chief Legal and Business Officer, Corporate Secretary.