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Lyft (NASDAQ: LYFT) CFO moves RSU tax shares, gifts 161K stock to family trust

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

Rhea-AI Filing Summary

Lyft, Inc. (LYFT) reported insider equity administration activity by Chief Financial Officer Erin Brewer on August 20, 2026. The issuer withheld 186,735 shares of Class A Common Stock at $17.43 per share to satisfy tax withholding and remittance obligations related to net settlement of restricted stock units, which the company states does not represent a sale by Brewer. Brewer also made a bona fide gift of 161,324 shares from direct holdings and an equivalent 161,324-share acquisition occurred in the Erin M. Brewer 2022 Trust, where she serves as trustee, resulting in 867,303 shares held indirectly by the trust. Certain reported securities are RSUs, each representing a contingent right to receive one Class A share, subject to vesting conditions.

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Insider Brewer Erin
Role CHIEF FINANCIAL OFFICER
Type Security Shares Price Value
Tax Withholding Class A Common Stock F1, F2 186,735 $17.43 $3.25M
Gift Class A Common Stock F2 161,324 $0.00 $0.00
Gift Class A Common Stock F3 161,324 $0.00 $0.00
Holdings After Transaction: Class A Common Stock — 857,141 shares (Direct); Class A Common Stock — 867,303 shares (Indirect, See Footnote)
Footnotes (3)
  1. F1. 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 does not represent a sale by the Reporting Person.
  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.
  3. F3. These shares are held by the Erin M. Brewer 2022 Trust, dated August 9, 2022, for which the Reporting Person serves as trustee.
Shares withheld for tax obligations 186,735 shares Class A Common Stock withheld to satisfy RSU-related tax withholding and remittance obligations
Withholding reference price $17.43 per share Price used for 186,735 shares withheld for tax obligations
Gifted shares from direct holdings 161,324 shares Bona fide gift disposition of Class A Common Stock from direct ownership
Total gift-related shares 322,648 shares Aggregate Class A shares involved in bona fide gift transactions reported
Indirect shares held after transactions 867,303 shares Class A Common Stock held indirectly by the Erin M. Brewer 2022 Trust after the gift
restricted stock units (RSUs) financial
"Certain of these securities are RSUs. Each RSU represents a contingent right"
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.
bona fide gift financial
"transaction_code_description": "Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
net settlement financial
"in connection with the net settlement of restricted stock units (RSUs)"
tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy its tax withholding and remittance obligations"

FAQ

What insider transactions did LYFT CFO Erin Brewer report on August 20, 2026?
Erin Brewer reported issuer withholding of 186,735 LYFT shares at $17.43 per share to cover tax obligations on RSUs, and a bona fide gift of 161,324 shares from direct ownership to the Erin M. Brewer 2022 Trust, which now holds 867,303 shares indirectly.

Did LYFT CFO Erin Brewer sell shares in the open market in this Form 4?
No. The filing states 186,735 shares were withheld by Lyft to satisfy tax withholding and remittance obligations tied to RSU settlement and "does not represent a sale" by Erin Brewer. The remaining reported movements are bona fide gifts to a trust.

How many LYFT shares were withheld for tax purposes from Erin Brewer’s RSUs?
Lyft withheld 186,735 shares of Class A Common Stock at $17.43 per share to satisfy its tax withholding and remittance obligations in connection with the net settlement of Erin Brewer’s restricted stock units (RSUs).

What LYFT share transfers occurred involving the Erin M. Brewer 2022 Trust?
A bona fide gift of 161,324 LYFT shares was reported from Erin Brewer’s direct holdings, with a corresponding 161,324-share acquisition by the Erin M. Brewer 2022 Trust, dated August 9, 2022. After this, the trust holds 867,303 shares indirectly.

What does LYFT’s Form 4 say about Erin Brewer’s RSUs?
The filing notes that certain reported securities are restricted stock units (RSUs), where 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.

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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*
Brewer Erin
(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)
CHIEF FINANCIAL OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026		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 Stock08/20/2026F186,735(1)D$17.431,018,465(2)D
Class A Common Stock08/20/2026G161,324D$0857,141(2)D
Class A Common Stock08/20/2026G161,324A$0867,303ISee Footnote(3)
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 does not represent a sale by the Reporting Person.
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.
3. These shares are held by the Erin M. Brewer 2022 Trust, dated August 9, 2022, for which the Reporting Person serves as trustee.
/s/ Kevin C. Chen, by power of attorney08/24/2026
** 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