Lyft (LYFT) director David Lawee receives 824 RSUs instead of cash

Rhea-AI Filing Summary

Lyft, Inc. director David Lawee reported an award of 824 Class A common shares on a Form 4 dated 01/20/2026. These were fully vested restricted stock units (RSUs) granted in lieu of his quarterly cash retainers under Lyft’s Outside Director Compensation Policy, with each RSU representing a contingent right to receive one share of Class A common stock at a price of $0 per share.

After this RSU grant, Lawee beneficially owned 105,284 Class A common shares in total, some of which are RSUs subject to their respective vesting schedules and delivery conditions. Vested RSUs will be delivered to him either immediately before a change in control of Lyft or within 60 days after his retirement or separation from service with Lyft and its affiliates.

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

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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^*

Lawee David

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		A		824(1)	A	$0	105,284(2)	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 securities are fully vested restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs were granted to the Reporting Person in lieu of quarterly cash retainers, at the election of the Reporting Person, under the Issuer's Outside Director Compensation Policy. Vested RSUs will be delivered to the Reporting Person on the earlier of (i) immediately prior to a change in control of the Issuer or (ii) within 60 days following the Reporting Person's retirement or separation from service with the Issuer and all of its affiliates.

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.

	/s/ Kevin C. Chen, by power of attorney	01/22/2026
	** 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).
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FAQ

What insider transaction did Lyft (LYFT) director David Lawee report?

David Lawee reported the acquisition of 824 shares of Lyft Class A Common Stock on 01/20/2026 through fully vested restricted stock units (RSUs) granted in lieu of quarterly cash retainers.

How many Lyft (LYFT) shares does David Lawee beneficially own after this transaction?

Following the reported RSU grant, David Lawee beneficially owned 105,284 shares of Lyft Class A Common Stock, including shares underlying RSUs subject to applicable vesting schedules.

How were the 824 RSUs granted to Lyft (LYFT) director David Lawee structured?

The 824 RSUs are fully vested, each representing a contingent right to receive one share of Lyft Class A Common Stock, granted under the Outside Director Compensation Policy in lieu of quarterly cash retainers at a price of $0 per share.

When will Lyft (LYFT) deliver the vested RSUs to David Lawee?

Lyft will deliver vested RSUs to David Lawee on the earlier of immediately prior to a change in control of Lyft or within 60 days after his retirement or separation from service with Lyft and all of its affiliates.

Are all of David Lawee’s reported Lyft (LYFT) holdings actual shares today?

The filing notes that certain of the reported securities are RSUs, each representing a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions for each RSU.

Is David Lawee a director or officer of Lyft (LYFT)?

Yes. The Form 4 identifies David Lawee as a director of Lyft, Inc. and not as an officer or 10% owner.