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Lyft (LYFT) officer has 40,309 shares withheld to cover RSU tax

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

Rhea-AI Filing Summary

Lyft, Inc. officer Lindsay Catherine Llewellyn reported a routine tax-withholding transaction involving Class A Common Stock. The company withheld 40,309 shares at $13.18 per share to cover tax obligations from the vesting of RSUs and PSUs, which the disclosure clarifies does not represent a sale by her. Following this, she directly holds 876,713 shares, a portion of which are in a living trust where she is sole trustee and lifetime beneficiary. Certain holdings are restricted stock units, each representing a contingent right to receive one share, and the position also includes 1,000 shares acquired under Lyft’s 2019 Employee Stock Purchase Plan on May 15, 2026.

Positive

  • None.

Negative

  • None.
Insider Llewellyn Lindsay Catherine
Role SEE REMARKS
Type Security Shares Price Value
Tax Withholding Class A Common Stock 40,309 $13.18 $531K
Holdings After Transaction: Class A Common Stock — 876,713 shares (Direct, null)
Footnotes (1)
  1. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units (RSUs) and performance-based restricted stock units (PSUs) upon vesting of PSUs resulting from achievement of performance conditions under the PSUs and does not represent a sale by the Reporting Person. 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 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. Includes 1,000 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan on May 15, 2026.
Shares withheld for taxes 40,309 shares Class A Common Stock withheld for RSU/PSU tax obligations
Withholding price $13.18 per share Price used for 40,309 withheld shares
Shares held after transaction 876,713 shares Direct Class A holdings following tax withholding
ESPP shares acquired 1,000 shares Acquired under 2019 Employee Stock Purchase Plan on May 15, 2026
Transaction date May 20, 2026 Date of tax-withholding disposition
restricted stock units (RSUs) financial
"Certain of these securities are 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.
performance-based restricted stock units (PSUs) financial
"performance-based restricted stock units (PSUs) upon vesting of PSUs resulting from achievement of performance conditions"
net settlement financial
"in connection with the net settlement of restricted stock units (RSUs) and performance-based restricted stock units (PSUs)"
2019 Employee Stock Purchase Plan financial
"Includes 1,000 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan on May 15, 2026"
tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement"
Form 4 Insider Transactions: What Each Field Means →
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*
Llewellyn Lindsay Catherine
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SEE REMARKS
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		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 Stock05/20/2026F40,309(1)D$13.18876,713(2)(3)(4)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. Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units (RSUs) and performance-based restricted stock units (PSUs) upon vesting of PSUs resulting from achievement of performance conditions under the PSUs and does not represent a sale by the Reporting Person.
2. A portion of the shares are held by a living trust for which the Reporting Person is the sole trustee and lifetime beneficiary.
3. 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.
4. Includes 1,000 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan on May 15, 2026.
Remarks:
Officer title: Chief Legal Officer, Corporate Secretary
/s/ Kevin C. Chen, by power of attorney05/22/2026
** 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

FAQ

What did Lyft (LYFT) officer Lindsay Catherine Llewellyn report in this Form 4?

Lindsay Catherine Llewellyn reported that Lyft withheld 40,309 Class A shares to cover tax obligations on vesting RSUs and PSUs. The filing specifies this withholding is not an open-market sale by her.

How many Lyft (LYFT) shares were withheld for taxes and at what price?

Lyft withheld 40,309 Class A Common Stock shares at $13.18 per share to satisfy tax withholding and remittance obligations related to vested RSUs and PSUs, according to the Form 4 disclosure.

How many Lyft (LYFT) shares does Lindsay Catherine Llewellyn hold after this transaction?

After the tax-withholding transaction, she holds 876,713 Lyft Class A shares directly. This total includes shares in a living trust and 1,000 shares acquired under Lyft’s 2019 Employee Stock Purchase Plan on May 15, 2026.

Does the Lyft (LYFT) Form 4 show an actual stock sale by the officer?

No, the Form 4 states the 40,309 shares were withheld by Lyft to cover tax obligations on RSU and PSU vesting. It explicitly notes this event does not represent a sale by the reporting person in the market.

What role do RSUs and PSUs play in this Lyft (LYFT) Form 4 filing?

The shares withheld relate to the net settlement of restricted stock units (RSUs) and performance-based RSUs (PSUs) upon vesting. Each RSU represents a contingent right to receive one Lyft Class A share, subject to vesting conditions.

What additional Lyft (LYFT) shares are mentioned from the Employee Stock Purchase Plan?

The filing notes that Lindsay Catherine Llewellyn’s holdings include 1,000 Lyft shares acquired under the company’s 2019 Employee Stock Purchase Plan on May 15, 2026, in addition to other directly held and RSU-related shares.