[Form 4] Lyft, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Erin M. Brewer, Chief Financial Officer of Lyft, Inc. (LYFT), reported sales of Class A common stock executed on 09/03/2025 under a Rule 10b5-1 trading plan adopted May 21, 2025. The filing discloses sales of 14,600 shares at a weighted average price of $17.222 and 400 shares at a weighted average price of $18.0575, with the seller offering to provide per-trade details on request. The report shows indirect beneficial ownership of 526,159 and 525,759 shares held in the Erin M. Brewer 2022 Trust and direct beneficial ownership of 1,315,655 shares, which include restricted stock units subject to vesting.

Positive

• Sales executed under a Rule 10b5-1 trading plan, which can provide an affirmative defense and reduce concerns about opportunistic insider timing
• Significant remaining ownership: the filing shows both indirect trust holdings and substantial direct holdings including RSUs

Negative

• Insider sales reported: 14,600 shares at a weighted average of $17.222 and 400 shares at $18.0575 on 09/03/2025
• Some shares are restricted stock units (RSUs), indicating part of the holding is contingent on future vesting

Insights

Corporate Governance Expert

TL;DR: Routine, prearranged insider sales under a 10b5-1 plan reduce concerns about opportunistic timing.

The transactions were executed pursuant to a Rule 10b5-1 plan adopted May 21, 2025, which typically provides an affirmative defense against allegations of trading on material non-public information if the plan meets regulatory conditions. The filing also clarifies ownership split between an August 9, 2022 trust (indirect) and direct holdings that include RSUs. No amendments or atypical disclosures accompany the sales.

Securities Analyst

TL;DR: Insider reduced holdings modestly; overall position remains substantial given six-figure and seven-figure balances.

The combined reported sales total 15,000 shares executed at weighted average prices reported in two price bands. Relative to the reported indirect and direct holdings (five- and seven-figure amounts), these sales represent a small fraction of total beneficial ownership disclosed in the form. The filer offers to provide transaction-level pricing on request, supporting transparency.

SEC Form 4

FORM 4

UNITED 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).

X

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^*

Brewer Erin

(Last) (First) (Middle)

C/O LYFT, INC.

185 BERRY STREET, SUITE 400

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lyft, Inc. [ LYFT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/03/2025		S(1)		14,600	D	$17.222(2)	526,159	I	See Footnote(3)
Class A Common Stock	09/03/2025		S(1)		400	D	$18.0575(4)	525,759	I	See footnote(3)
Class A Common Stock								1,315,655(5)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 21, 2025.

2. This transaction was executed in multiple trades at prices ranging from $16.85 to $17.76. 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.

3. These shares are held by the Erin M. Brewer 2022 Trust, dated August 9, 2022, for which the Reporting Person serves as trustee.

4. This transaction was executed in multiple trades at prices ranging from $17.90 to $18.13. 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.

5. 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.

	/s/ Kevin C. Chen, by power of attorney	09/05/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Lyft (LYFT) CFO Erin Brewer sell on 09/03/2025?

She sold a total of 15,000 Class A shares executed as 14,600 shares at a weighted average price of $17.222 and 400 shares at $18.0575.

Were these sales preplanned or discretionary?

The filing states the sales were made pursuant to a Rule 10b5-1 trading plan adopted May 21, 2025.

How many LYFT shares does Erin Brewer beneficially own after the transactions?

The form discloses indirect trust holdings of 526,159 and 525,759 shares in two reported lines and direct beneficial ownership of 1,315,655 shares (including RSUs).

Are the exact per-trade sale prices available?

The filer reports weighted average prices and states she will provide full information on per-trade sale prices upon request to the SEC, the issuer, or a security holder.

Do the reported holdings include restricted stock units (RSUs)?

Yes. The filing notes that certain securities are RSUs, each representing a contingent right to one share subject to vesting conditions.