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Lyft (LYFT) director Deborah Hersman receives 18,453 RSU equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hersman Deborah reported acquisition or exercise transactions in this Form 4 filing.

Lyft, Inc. director Deborah Hersman received an equity grant of 18,453 restricted stock units (RSUs), each representing one share of Class A Common Stock, at no cash cost.

One-fourth of the RSUs vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day before Lyft’s 2027 annual stockholder meeting, as long as she continues as a service provider through each date. After this grant, she directly holds 23,295 shares of Class A Common Stock, including RSUs that will be delivered immediately before a change in control or within 60 days after her retirement or separation from service.

Positive

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Insider Hersman Deborah
Role Director
Type Security Shares Price Value
Grant/Award Class A Common Stock 18,453 $0.00 $0.00
Holdings After Transaction: Class A Common Stock — 23,295 shares (Direct)
Footnotes (2)
  1. F1. 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. Vested RSUs will be delivered to the Reporting Person on the earlier of (i) immediately prior to a change in control of the Issuer or (ii) within 60 days following the Reporting Person's retirement or separation from service with the Issuer and all of its affiliates.
  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.
RSUs granted 18,453 RSUs Equity award to director on June 3, 2026
Grant price $0.0000 per share RSU award, no cash paid by director
Shares after transaction 23,295 shares Class A Common Stock held directly after grant
First vesting date August 20, 2026 One-fourth of RSUs vest
Second vesting date November 20, 2026 One-fourth of RSUs vest
Third vesting date February 20, 2027 One-fourth of RSUs vest
Final vesting date Earlier of May 20, 2027 or day before 2027 meeting Final one-fourth of RSUs vest
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock."
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.
change in control financial
"Vested RSUs will be delivered on the earlier of immediately prior to a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
vesting financial
"One-fourth of the RSUs shall vest on each of August 20, 2026, November 20, 2026, February 20, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
service provider financial
"subject to the Reporting Person continuing as a service provider through each such date"

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

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FAQ

What insider transaction did Lyft (LYFT) director Deborah Hersman report?
Deborah Hersman reported receiving 18,453 restricted stock units (RSUs) of Lyft Class A Common Stock. These are compensation-related equity awards granted at no cash cost, not an open-market purchase or sale, and increase her equity-based interest in the company subject to vesting conditions.

How many Lyft (LYFT) shares does Deborah Hersman hold after this Form 4?
After this grant, Deborah Hersman directly holds 23,295 shares of Lyft Class A Common Stock, including RSUs. This figure reflects her position immediately following the award and shows the scale of her equity stake tied to ongoing service with the company.

What is the vesting schedule for Deborah Hersman’s new Lyft (LYFT) RSUs?
One-fourth of the 18,453 RSUs vest on August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day before Lyft’s 2027 annual stockholder meeting, provided she continues as a service provider through each vesting date.

Do the Lyft (LYFT) RSUs reported by Deborah Hersman convert into Class A shares?
Each restricted stock unit represents a contingent right to receive one share of Lyft Class A Common Stock. Shares are delivered upon vesting and then on the earlier of immediately before a change in control or within 60 days after her retirement or separation from service.

Is Deborah Hersman’s Lyft (LYFT) Form 4 transaction a market buy or sell?
The Form 4 reports a grant or award acquisition of RSUs, not a market buy or sell. She did not pay a price per share, and no open-market transaction occurred; this represents stock-based compensation subject to future vesting and delivery terms.
SEC Form 4
FORM 4UNITED 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*
Hersman Deborah
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/03/2026A18,453(1)A$023,295(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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. Vested RSUs will be delivered to the Reporting Person on the earlier of (i) immediately prior to a change in control of the Issuer or (ii) within 60 days following the Reporting Person's retirement or separation from service with the Issuer and all of its affiliates.
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 attorney06/05/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR