John David Risher - 27 Mar 2023 Form 4 Insider Report for Lyft, Inc. (LYFT)

Role: Director
Signature: /s/ Kevin C. Chen, by power of attorney
Issuer symbol: LYFT
Transactions as of: 27 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 29 Mar 2023, 21:31:41 UTC
Previous filing: 24 Jan 2023
Next filing: 24 Apr 2023
SEC: View on sec.gov

Quoteable Key Fact

"John David Risher filed Form 4 for Lyft, Inc. (LYFT) on 29 Mar 2023."

Quick Takeaways

This page summarizes John David Risher's Form 4 filing for Lyft, Inc. (LYFT).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 29 Mar 2023, 21:31.

What Changed

Previous filing in this sequence was filed on 24 Jan 2023.
Current net transaction value: $0.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

LYFT transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +12,250,000
Change %: +50461%
Price: $0.000000
Shares after: 12,274,276
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest based on the Issuer's stock price performance over a five-year performance period beginning on April 17, 2023, as described in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2023. Upon achievement of the stock price performance target, the PSUs in the applicable tranche will vest 50% upon the certification of achievement by the Compensation Committee of the Issuer's Board of Directors (but no earlier than April 17, 2024) and 50% on the one year anniversary of such certification, subject to the Reporting Person continuing to serve as the Issuer's Chief Executive Officer through each such date.
F2	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.

Content

These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest based on the Issuer's stock price performance over a five-year performance period beginning on April 17, 2023, as described in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2023. Upon achievement of the stock price performance target, the PSUs in the applicable tranche will vest 50% upon the certification of achievement by the Compensation Committee of the Issuer's Board of Directors (but no earlier than April 17, 2024) and 50% on the one year anniversary of such certification, subject to the Reporting Person continuing to serve as the Issuer's Chief Executive Officer through each such date.

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.