Lyft (LYFT) director opts for 893 RSUs instead of cash fees

Rhea-AI Filing Summary

Lyft, Inc. director Dave Stephenson reported receiving 893 shares of Class A common stock on January 20, 2026 through fully vested restricted stock units (RSUs). The RSUs were granted in lieu of quarterly cash retainers under Lyft’s Outside Director Compensation Policy, meaning he elected to be paid in stock rather than cash for a portion of his board service.

Each RSU represents a right to receive one share of Class A common stock, and certain holdings remain subject to applicable vesting schedules and conditions. After this award, Stephenson beneficially owned 86,484 shares of Lyft Class A common stock in direct form, including RSUs.

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^*

Stephenson Dave

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		A		893(1)	A	$0	86,484(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. These securities are fully vested restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs were granted to the Reporting Person in lieu of quarterly cash retainers, at the election of the Reporting Person, under the Issuer's Outside Director Compensation Policy.

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	01/22/2026
	** 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).
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 did Lyft (LYFT) director Dave Stephenson report in this Form 4?

He reported the acquisition of 893 shares of Lyft Class A common stock on January 20, 2026, received through fully vested restricted stock units (RSUs).

How did Dave Stephenson receive the 893 Lyft (LYFT) shares?

The 893 shares came from fully vested RSUs granted in lieu of quarterly cash retainers under Lyft’s Outside Director Compensation Policy.

What is an RSU in the context of Lyft (LYFT) director compensation?

An RSU is a restricted stock unit that represents a contingent right to receive one share of Lyft Class A common stock, typically subject to vesting conditions and schedules.

How many Lyft (LYFT) shares does Dave Stephenson own after this transaction?

Following the reported transaction, Dave Stephenson beneficially owned 86,484 shares of Lyft Class A common stock directly, including RSUs.

Was there a cash price paid for the Lyft (LYFT) shares acquired by the director?

The transaction price per share was reported as $0, reflecting that the 893 shares were granted as equity compensation rather than purchased for cash.

Are all of Dave Stephenson’s Lyft (LYFT) RSUs fully vested?

The filing notes that these 893 RSUs are fully vested, and that certain other securities are RSUs subject to applicable vesting schedules and conditions.