Erin Brewer - 25 Jul 2023 Form 4 Insider Report for Lyft, Inc. (LYFT)

Signature
/s/ Kevin C. Chen, by power of attorney
Issuer symbol
LYFT
Transactions as of
25 Jul 2023
Net transactions value
$0
Form type
4
Filing time
27 Jul 2023, 16:09:59 UTC
Previous filing
17 Jul 2023
Next filing
21 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYFT Class A Common Stock Award $0 +1,064,039 $0.000000 1,064,039 25 Jul 2023 Direct F1
transaction LYFT Class A Common Stock Award $0 +909,091 +85% $0.000000 1,973,130 25 Jul 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-twelfth of the RSUs shall vest on November 20, 2023 and on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2 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 in four tranches based on the Issuer's stock price performance over certain performance periods during the four years beginning on July 25, 2023. Upon achievement of a stock price performance target and certification of achievement by the Compensation Committee of the Issuer's Board of Directors, the PSUs in the applicable tranche will vest in full if certain service-based vesting conditions applicable to such tranche have been met, subject to the Reporting Person continuing as a service provider through each such date.
F3 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.