Lyft (NASDAQ: LYFT) officer sells 23,661 shares in plan trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lyft, Inc. reported that officer Lindsay Catherine Llewellyn sold 23,661 shares of Class A common stock in an open-market transaction. The shares were sold at a weighted average price of $13.3027 per share in multiple trades between $13.175 and $13.57.
The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on May 23, 2025. After this transaction, Llewellyn beneficially owns 696,850 shares, including shares held through a living trust and restricted stock units that vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,661 shares ($314,755)
Net Sell
1 txn
Insider
Llewellyn Lindsay Catherine
Role
SEE REMARKS
Sold
23,661 shs ($315K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 23,661 | $13.3027 | $315K |
Holdings After Transaction:
Class A Common Stock — 696,850 shares (Direct)
Footnotes (1)
- These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2025. This transaction was executed in multiple trades at prices ranging from $13.175 to $13.57. 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. A portion of the shares are held by a living trust for which the Reporting Person is the sole trustee and lifetime beneficiary. 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.
FAQ
What did the Lyft (LYFT) officer report in this Form 4 filing?
The filing shows officer Lindsay Catherine Llewellyn sold 23,661 shares of Lyft Class A common stock in an open-market transaction. The sale was executed under a Rule 10b5-1 trading plan and left her with 696,850 shares beneficially owned.
Was the LYFT insider sale by Lindsay Catherine Llewellyn pre-planned under Rule 10b5-1?
Yes, the sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 23, 2025. Such plans allow insiders to schedule trades in advance, helping separate personal portfolio moves from non-public information concerns.
What type of security was involved in this Lyft (LYFT) insider transaction?
The transaction involved Lyft Class A common stock, reported as a non-derivative security. Footnotes add that certain holdings consist of restricted stock units, each representing a contingent right to receive one share of Class A common stock, subject to vesting conditions.