Lyft (NASDAQ: LYFT) director receives 18,453 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aggarwal Prashant reported acquisition or exercise transactions in this Form 4 filing.
Lyft, Inc. director Prashant Aggarwal reported an equity compensation award in the form of restricted stock units. On June 3, 2026, he received 18,453 RSUs, each representing a contingent right to one share of Class A Common Stock at no purchase price.
One-fourth of these RSUs will vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day prior to Lyft’s 2027 annual stockholder meeting, if he continues as a service provider. Following the grant, he held 35,195 Class A shares directly and additional indirect holdings through the Aggarwal Lee Family Trust, Aggarwal Lee Children’s Trust, and Aggarwal Lee Dynasty Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Aggarwal Prashant
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 18,453 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 35,195 shares (Direct, null);
Class A Common Stock — 874,369 shares (Indirect, See Footnote)
Footnotes (1)
- These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-fourth of the RSUs shall vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day prior to the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person continuing as a service provider through each such date. 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. These shares are held of record by the Aggarwal Lee Family Trust, for which the Reporting Person and his spouse serve as co-trustees. These shares are held of record by the Aggarwal Lee Children's Trust dated March 28, 2016, for which the Reporting Person and his spouse serve as co-trustees. These shares are held of record by the Aggarwal Lee Dynasty Trust dated April 18, 2016, for which the Reporting Person and his spouse serve as co-trustees.
Key Figures
RSU grant size: 18,453 RSUs
RSU grant price: $0.00 per share
Direct holdings after grant: 35,195 shares
+5 more
8 metrics
RSU grant size
18,453 RSUs
Equity award on June 3, 2026
RSU grant price
$0.00 per share
Restricted stock units, no purchase price
Direct holdings after grant
35,195 shares
Class A Common Stock held directly
Family Trust holdings
200,000 shares
Aggarwal Lee Family Trust
Children’s Trust holdings
282,556 shares
Aggarwal Lee Children’s Trust dated March 28, 2016
Dynasty Trust holdings
874,369 shares
Aggarwal Lee Dynasty Trust dated April 18, 2016
First vesting date
August 20, 2026
One-fourth of RSUs vest
Final vesting horizon
May 20, 2027
Final quarter or day before 2027 annual meeting
Key Terms
restricted stock units (RSUs), Class A Common Stock, co-trustees, service provider, +1 more
5 terms
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share"
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.
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.
co-trustees financial
"for which the Reporting Person and his spouse serve as co-trustees."
service provider financial
"subject to the Reporting Person continuing as a service provider through each such date."
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock."
FAQ
What insider transaction did Lyft (LYFT) director Prashant Aggarwal report?
Prashant Aggarwal reported receiving 18,453 restricted stock units as equity compensation. Each RSU represents a contingent right to one share of Lyft Class A Common Stock, aligning his interests with shareholders over a multi-year vesting schedule.
How many Lyft (LYFT) RSUs were granted to Prashant Aggarwal and at what price?
He was granted 18,453 restricted stock units at a price of $0.00 per share. RSUs typically have no purchase price; value comes as they vest into Class A Common Stock, subject to continued service conditions.
When will Prashant Aggarwal’s Lyft (LYFT) RSUs vest?
One-fourth of the 18,453 RSUs will vest on August 20, 2026, November 20, 2026, and February 20, 2027. The final quarter vests on May 20, 2027 or the day before Lyft’s 2027 annual meeting, contingent on continued service.
Are Prashant Aggarwal’s new Lyft (LYFT) RSUs subject to service conditions?
Yes. Each portion of the RSU grant vests only if he continues as a service provider through the specified vesting dates. If service ends earlier, unvested RSUs would typically be forfeited under standard equity award terms.