Lyft (LYFT) CFO sells 15,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Lyft, Inc. (LYFT) reported that its Chief Financial Officer, Erin Brewer, had an associated entity sell 15,000 shares of Class A Common Stock on August 24, 2026, at a weighted average price of $17.6266 per share. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on March 13, 2026. The sold shares are held by the Erin M. Brewer 2022 Trust, for which Brewer serves as trustee, and she reported 852,303 shares held indirectly after the transaction. Separately, she reported 857,141 shares held directly, a portion of which consists of restricted stock units (RSUs) that each represent a contingent right to receive one share of Class A Common Stock, subject to vesting conditions.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 15,000 shares
Net Sell
2 txns
Insider
Brewer Erin
Role
CHIEF FINANCIAL OFFICER
Sold
15,000 shs ($264K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 15,000 | $17.6266 | $264K |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 852,303 shares (Indirect, See Footnote);
Class A Common Stock — 857,141 shares (Direct)
Footnotes (4)
- F1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $17.42 to $17.82. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F3. These shares are held by the Erin M. Brewer 2022 Trust, dated August 9, 2022, for which the Reporting Person serves as trustee.
- F4. Certain of these securities are restricted stock units (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
Shares sold: 15,000 shares of Class A Common Stock
Weighted average sale price: $17.6266 per share
Sale price range: $17.42 to $17.82 per share
+3 more
6 metrics
Shares sold
15,000 shares of Class A Common Stock
Sale by trust associated with CFO Erin Brewer on August 24, 2026
Weighted average sale price
$17.6266 per share
Weighted average price for 15,000 shares sold on August 24, 2026
Sale price range
$17.42 to $17.82 per share
Multiple trades executed within this range for the reported sale
Indirect holdings after transaction
852,303 shares
Shares held indirectly through the Erin M. Brewer 2022 Trust after the sale
Direct holdings after transaction
857,141 shares
Shares of Class A Common Stock held directly by Erin Brewer, including certain RSUs
Rule 10b5-1 plan adoption date
March 13, 2026
Date the trading plan governing the August 24, 2026 sale was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units (RSUs), contingent right, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
restricted stock units (RSUs) financial
"Certain of these securities are 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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
trustee financial
"for which the Reporting Person serves as trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did LYFT CFO Erin Brewer report on this Form 4?
Erin Brewer reported that an associated trust sold 15,000 shares of Lyft Class A Common Stock on August 24, 2026, at a weighted average price of $17.6266 per share, with 852,303 shares remaining held indirectly after the sale and 857,141 shares held directly.
Was the LYFT CFO’s August 24, 2026 sale made under a Rule 10b5-1 plan?
Yes. The filing states that the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Erin Brewer on March 13, 2026, indicating the transactions were pre-arranged under that plan.
What direct LYFT holdings and RSUs does Erin Brewer report on this Form 4?
Erin Brewer reports 857,141 shares of Lyft Class A Common Stock held directly. A footnote explains that certain of these securities are RSUs, with each RSU representing a contingent right to receive one share, subject to vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
