Lyft (NASDAQ: LYFT) CAO has shares withheld to cover RSU taxes

Rhea-AI Filing Summary

Lyft, Inc. reported that Chief Accounting Officer Stephen W. Hope had 6,055 shares of Class A Common Stock withheld on February 20, 2026 at $13.90 per share. These shares were withheld by Lyft to cover tax obligations from vested RSUs and were not an open-market sale. After this routine tax-withholding disposition, Hope directly holds 305,854 shares of Lyft Class A Common Stock.

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

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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 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)
	CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		F		6,055(1)	D	$13.9	305,854(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)
				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. 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	02/24/2026
	** 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).
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FAQ

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

Lyft disclosed a routine tax-withholding transaction for Chief Accounting Officer Stephen W. Hope, where 6,055 Class A shares were withheld at $13.90 each. The shares covered tax obligations from RSU vesting and did not involve an open-market sale by Hope.

Did Lyft CAO Stephen W. Hope sell shares in this Form 4 filing for LYFT?

No, the Form 4 does not show an open-market sale by Stephen W. Hope. The 6,055 shares reported were withheld by Lyft to satisfy tax withholding and remittance obligations tied to vested RSUs, as explicitly stated in the filing footnotes.

How many Lyft (LYFT) shares were involved in the tax-withholding transaction?

The filing reports 6,055 Class A Common shares involved in the transaction at a price of $13.90 per share. These shares were retained by Lyft to cover tax obligations arising from the net settlement of restricted stock units granted to Stephen W. Hope.

How many Lyft (LYFT) shares does Stephen W. Hope hold after this Form 4 transaction?

After the transaction, Stephen W. Hope directly holds 305,854 shares of Lyft Class A Common Stock. This figure reflects his ownership following the 6,055 shares withheld for tax purposes related to the vesting and net settlement of RSUs.

What are RSUs referenced in Lyft (LYFT) CAO Stephen Hope’s Form 4 filing?

The RSUs are restricted stock units granted by Lyft, each representing a contingent right to receive one Class A share. They vest over time under specific conditions, and when they vest, Lyft may withhold shares to cover associated tax obligations.

Does this Lyft (LYFT) Form 4 tax-withholding transaction signal insider selling pressure?

The transaction reflects routine equity compensation tax handling, not discretionary insider selling. Shares were withheld by Lyft to meet tax obligations on vested RSUs, a common administrative step that does not indicate an active decision to sell shares on the market.