Lyft, Inc. (LYFT) awards director 1,053 RSUs instead of cash fees

Rhea-AI Filing Summary

Stephenson Dave reported acquisition or exercise transactions in this Form 4 filing.

Lyft, Inc. director Dave Stephenson received a grant of 1,053 fully vested restricted stock units (RSUs) of Class A Common Stock on July 20, 2026, as compensation in lieu of quarterly cash retainers under the Outside Director Compensation Policy. Each RSU represents a contingent right to one share. After this award, he directly holds 107,117 Class A shares and RSUs in total, some of which remain subject to vesting conditions.

Insider Trade Summary

Net Buyer: 1,053 shares

Net Buy 1 txn

Insider Stephenson Dave

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	1,053	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 107,117 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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

RSUs granted: 1053.0000 shares Grant price per share: $0.0000 per share Holdings after transaction: 107117.0000 shares +1 more

4 metrics

RSUs granted 1053.0000 shares Fully vested RSUs of Class A Common Stock granted on July 20, 2026

Grant price per share $0.0000 per share Equity grant under Outside Director Compensation Policy in lieu of cash retainers

Holdings after transaction 107117.0000 shares Total direct Class A Common Stock and RSUs following the award

Transactions acquired 1 One grant, award, or other acquisition reported in this Form 4

Key Terms

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

4 terms

restricted stock units (RSUs) financial

"These securities are fully vested restricted stock units (RSUs)."

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

"granted ... at the election of the Reporting Person, under the Issuer's Outside Director Compensation Policy."

contingent right financial

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

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/22/2026 - 08:32 PM Accepted by SEC EDGAR 07/22/2026 - 08:32 PM Learn about SEC filing dates

FAQ

What insider transaction did LYFT director Dave Stephenson report?

Dave Stephenson reported an acquisition of 1,053 fully vested RSUs of Lyft Class A Common Stock. The RSUs were granted as equity compensation in lieu of his quarterly cash retainers under Lyft’s Outside Director Compensation Policy, rather than being bought on the open market.

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

Following the transaction, Dave Stephenson directly holds 107,117 Lyft Class A Common Stock shares and RSUs. This total includes the newly granted 1,053 fully vested RSUs and other RSUs that remain subject to the applicable vesting schedules and conditions described in the filing.

What exactly was granted to the LYFT director in this Form 4 filing?

The reporting person received 1,053 fully vested restricted stock units (RSUs), each representing a contingent right to receive one share of Lyft Class A Common Stock. These RSUs were issued with a grant price of $0.0000 per share as part of his outside director compensation.

Why did Lyft (LYFT) grant RSUs instead of cash to Dave Stephenson?

The RSUs were granted in lieu of quarterly cash retainers under Lyft’s Outside Director Compensation Policy. Stephenson elected to receive his director compensation in the form of fully vested RSUs rather than cash, aligning his compensation with Lyft’s equity-based remuneration framework.

Are the RSUs reported in Dave Stephenson’s LYFT Form 4 subject to vesting?

The 1,053 RSUs from this specific grant are fully vested, according to the footnote. However, the total post-transaction holdings of 107,117 include certain other RSUs that are still subject to their own vesting schedules and conditions before delivery of Class A shares.

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)
07/20/2026

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	07/20/2026		A		1,053(1)	A	$0	107,117(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	07/22/2026
	** 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)