Lyft (NASDAQ: LYFT) executive awarded new RSU and PSU stock grants

Rhea-AI Filing Summary

Lyft, Inc. reported that officer Lindsay Catherine Llewellyn acquired two equity awards of Class A Common Stock on February 27, 2026. The awards cover 96,815 restricted stock units (RSUs) and 146,018 performance-based RSUs (PSUs), each representing the right to receive one share upon vesting.

One-twelfth of the RSUs is scheduled to vest on May 20, 2026 and on each three-month anniversary thereafter, conditioned on continued service. The PSUs may vest in four tranches over four years starting February 27, 2026, based on Lyft’s stock price performance and Compensation Committee certification, plus ongoing service requirements.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Llewellyn Lindsay Catherine

Role SEE REMARKS

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	96,815	$0.00	--
Grant/Award	Class A Common Stock	146,018	$0.00	--

Holdings After Transaction: Class A Common Stock — 793,665 shares (Direct)

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-twelfth of the RSUs shall vest on May 20, 2026 and on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date. A portion of the shares are held by a living trust for which the Reporting Person is the sole trustee and lifetime beneficiary. 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. 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 February 27, 2026. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
02/27/2026

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	02/27/2026		A		96,815(1)	A	$0	793,665(2)(3)	D
Class A Common Stock	02/27/2026		A		146,018(4)	A	$0	939,683(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. 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 May 20, 2026 and on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

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 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 February 27, 2026. 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.

Remarks:

Officer title: Chief Legal and Business Officer, Corporate Secretary

	/s/ Kevin C. Chen, by power of attorney	03/03/2026
	** 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).
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FAQ

What insider transactions did Lyft (LYFT) report for Lindsay Catherine Llewellyn?

Lyft reported that officer Lindsay Catherine Llewellyn received two equity awards on February 27, 2026. She was granted 96,815 restricted stock units and 146,018 performance-based restricted stock units, each representing the right to receive one share of Lyft Class A Common Stock upon vesting.

How many RSUs were granted to the Lyft (LYFT) officer in this Form 4?

The officer received 96,815 restricted stock units. Each RSU represents a contingent right to receive one share of Lyft Class A Common Stock. These RSUs vest in twelve equal installments, starting May 20, 2026, and then on each three‑month anniversary, subject to continued service.

What are the vesting terms for the RSUs reported by Lyft (LYFT)?

One-twelfth of the RSUs vests on May 20, 2026, with additional one‑twelfth portions vesting on each three‑month anniversary. Vesting is conditioned on the reporting person continuing as a service provider through each vesting date, aligning equity compensation with ongoing employment at Lyft.

What performance conditions apply to the PSUs granted by Lyft (LYFT)?

The performance-based restricted stock units vest in four tranches over four years beginning February 27, 2026. Vesting depends on Lyft’s stock price meeting specified performance targets, certification of achievement by the Compensation Committee, and satisfaction of related service-based vesting conditions at each tranche date.

Do the Lyft (LYFT) PSUs vest immediately or over time?

The PSUs do not vest immediately; they are eligible to vest over four years starting February 27, 2026. Each of four tranches can vest only after Lyft’s stock hits performance targets, the Compensation Committee certifies results, and the officer continues as a service provider through the relevant dates.

How many total performance-based RSUs were granted in this Lyft (LYFT) filing?

The filing shows a grant of 146,018 performance-based restricted stock units. Each PSU represents a contingent right to receive one share of Class A Common Stock, subject to stock price performance hurdles, Compensation Committee certification, and related service-based vesting conditions over a four-year performance period.