Lyft, Inc. (LYFT) legal chief sells 36,214 shares in pre-set 10b5-1 plan
Rhea-AI Filing Summary
Lyft, Inc. reported that Chief Legal Officer and Corporate Secretary Lindsay Catherine Llewellyn sold 36,214 shares of Class A common stock on August 3, 2026 at a weighted average price of $16.1385 per share, in trades ranging from $15.93 to $16.24, under a Rule 10b5-1 trading plan adopted on May 23, 2025. Following the sale, she holds 817,517 shares, including shares in a living trust and restricted stock units representing contingent rights to receive additional Class A shares.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 36,214 shares
Net Sell
1 txn
Insider
Llewellyn Lindsay Catherine
Role
SEE REMARKS
Sold
36,214 shs ($584K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3, F4 | 36,214 | $16.1385 | $584K |
Holdings After Transaction:
Class A Common Stock — 817,517 shares (Direct)
Footnotes (4)
- F1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2025.
- F2. This transaction was executed in multiple trades at prices ranging from $15.93 to $16.24. 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. A portion of the shares are held by a living trust for which the Reporting Person is the sole trustee and lifetime beneficiary.
- 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: 36,214 shares
Weighted average sale price: $16.1385 per share
Sale price range: $15.93–$16.24 per share
+2 more
5 metrics
Shares sold
36,214 shares
Class A Common Stock sold on August 3, 2026
Weighted average sale price
$16.1385 per share
Average price for 36,214 shares sold on August 3, 2026
Sale price range
$15.93–$16.24 per share
Range of prices across multiple trades in the August 3, 2026 sale
Shares owned after transaction
817,517 shares
Total beneficial ownership following the August 3, 2026 sale
10b5-1 plan adoption date
May 23, 2025
Date the Rule 10b5-1 trading plan governing this sale was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, living trust, restricted stock units (RSUs)
4 terms
Rule 10b5-1 trading plan regulatory
"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."
living trust financial
"A portion of the shares are held by a living trust for which"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Lyft (LYFT) disclose for Lindsay Catherine Llewellyn?
Lyft disclosed that Chief Legal Officer Lindsay Catherine Llewellyn sold 36,214 shares of Class A common stock on August 3, 2026. The sale was executed under a Rule 10b5-1 trading plan previously adopted on May 23, 2025.
Was the August 3, 2026 LYFT insider sale made under a Rule 10b5-1 plan?
Yes. The 36,214 LYFT shares sold by Lindsay Catherine Llewellyn were pursuant to a Rule 10b5-1 trading plan adopted on May 23, 2025. Such plans allow pre-arranged trading according to preset terms, independent of later information.
What does the RSU disclosure mean in the LYFT insider filing?
The filing notes that certain securities are restricted stock units (RSUs), each representing a contingent right to receive one LYFT Class A share. Delivery of these shares depends on satisfying the applicable vesting schedules and conditions tied to each RSU award.