Lyft (NASDAQ: LYFT) director takes 1,127 RSUs instead of cash fees

Rhea-AI Filing Summary

Lyft director Dave Stephenson reported a stock-based compensation grant. He received 1,127 shares of Class A Common Stock through fully vested restricted stock units (RSUs), awarded in lieu of quarterly cash retainers under Lyft’s Outside Director Compensation Policy.

Each RSU represents the right to receive one share of Class A Common Stock, and after this award he directly holds 87,611 shares. This is a compensation-related acquisition rather than an open-market purchase, reflecting the director’s election to take fees in equity instead of cash.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stephenson Dave

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,127	$0.00	--

Holdings After Transaction: Class A Common Stock — 87,611 shares (Direct, null)

Footnotes (1)

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. 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

RSU grant size: 1,127 shares Post-transaction holdings: 87,611 shares Grant price per share: $0.00 per share +1 more

4 metrics

RSU grant size 1,127 shares Fully vested RSUs granted in lieu of quarterly cash retainers

Post-transaction holdings 87,611 shares Class A Common Stock held directly after the RSU grant

Grant price per share $0.00 per share Reported transaction price per share for the RSU-related acquisition

Transaction type Grant, award, or other acquisition Form 4 code A, non-derivative acquisition of Class A Common Stock

Key Terms

restricted stock units (RSUs), Outside Director Compensation Policy, Class A Common Stock

3 terms

restricted stock units (RSUs) financial

"These securities are fully vested restricted stock units (RSUs). Each RSU represents a contingent right..."

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.

Outside Director Compensation Policy financial

"The RSUs were granted ... under the Issuer's Outside Director Compensation Policy."

Class A Common Stock financial

"Each RSU represents a contingent right to receive one share of Class A Common Stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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^*

Stephenson Dave

(Last) (First) (Middle)

C/O LYFT, INC.

185 BERRY STREET, SUITE 400

(Street)

SAN FRANCISCO CALIFORNIA 94107

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/20/2026		A		1,127(1)	A	$0	87,611(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	04/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Lyft (LYFT) director Dave Stephenson report in this Form 4?

Dave Stephenson reported receiving 1,127 shares of Lyft Class A Common Stock via fully vested RSUs. These restricted stock units were granted as director compensation, reflecting his choice to receive quarterly retainers in equity rather than cash.

Is Dave Stephenson’s Lyft (LYFT) transaction a stock purchase or compensation grant?

The transaction is a compensation grant, not an open-market stock purchase. Stephenson received 1,127 fully vested RSUs, each convertible into one Class A share, as payment in lieu of quarterly cash retainers for his service as an outside director.

How many Lyft (LYFT) shares does Dave Stephenson hold after this Form 4?

Following the grant, Stephenson directly holds 87,611 shares of Lyft Class A Common Stock. This total includes the 1,127 shares underlying the newly granted RSUs, which are fully vested and represent one share of Class A stock for each unit.

What are the terms of the RSUs reported by Dave Stephenson at Lyft (LYFT)?

The reported RSUs are fully vested and each represents a contingent right to receive one Lyft Class A share. They were granted under the company’s Outside Director Compensation Policy, specifically in lieu of quarterly cash retainers, at Stephenson’s election.

Does this Lyft (LYFT) Form 4 indicate any derivative or option exercises?

No derivative or option exercises are indicated in this Form 4. The filing shows a single non-derivative transaction: an award of 1,127 fully vested RSUs that convert into Lyft Class A Common Stock, recorded as an acquisition of shares through compensation.