Logan Green - 25 Aug 2021 Form 4 Insider Report for Lyft, Inc. (LYFT)

Role
Chief Executive Officer, Director
Signature
/s/ Kevin C. Chen, by power of attorney
Issuer symbol
LYFT
Transactions as of
25 Aug 2021
Net transactions value
$0
Form type
4
Filing time
27 Aug 2021, 16:52:57 UTC
Previous filing
24 Aug 2021
Next filing
03 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYFT Class A Common Stock Conversion of derivative security +200,000 200,000 25 Aug 2021 See Footnote F1, F2, F3
transaction LYFT Class A Common Stock Gift $0 -200,000 -100% $0.000000* 0 25 Aug 2021 See Footnote F3, F4
holding LYFT Class A Common Stock 282,896 25 Aug 2021 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LYFT Class B Common Stock Conversion of derivative security $0 -200,000 -16% $0.000000 1,037,544 25 Aug 2021 Class A Common Stock 200,000 See Footnote F1, F2, F3
holding LYFT Class B Common Stock 2,776,707 25 Aug 2021 Class A Common Stock 2,776,707 See Footnote F2, F6
holding LYFT Class B Common Stock 1,627,851 25 Aug 2021 Class A Common Stock 1,627,851 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of the Reporting Person.
F2 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.
F3 Shares held by The Green 2014 Irrevocable Trust dated June 12, 2014 (the "Green 2014 Trust").
F4 Represents a transfer made by the Green 2014 Trust to The Green Family 2020 Irrevocable Trust dated October 28, 2020 for estate planning purposes and does not represent a sale by the Reporting Person. Following the transfer, the Reporting Person will no longer have beneficial ownership of the transferred shares.
F5 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.
F6 Shares held by El Trust dated August 3, 2015, for which Mr. Green serves as trustee.