John Patrick Zimmer - 14 Dec 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
14 Dec 2023
Net transactions value
-$3,448,245
Form type
4
Filing time
18 Dec 2023, 20:21:26 UTC
Previous filing
01 Dec 2023
Next filing
22 Feb 2024
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 +36,000 36,000 14 Dec 2023 See Footnote F1, F2, F3
transaction LYFT Class A Common Stock Sale $541,609 -36,000 -100% $15.04 0 14 Dec 2023 See Footnote F3, F4, F5
transaction LYFT Class A Common Stock Sale $2,906,636 -193,200 -14% $15.04 1,219,795 14 Dec 2023 Direct F4, F5, F6

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 -36,000 -4% $0.000000 873,605 14 Dec 2023 Class A Common Stock 36,000 See Footnote F1, F2, F3
holding LYFT Class B Common Stock 1,750,302 14 Dec 2023 Class A Common Stock 1,750,302 Direct F2
holding LYFT Class B Common Stock 500,620 14 Dec 2023 Class A Common Stock 500,620 See Footnote F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

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 These shares are held by The Zimmer 2014 Irrevocable Trust dated June 16, 2014.
F4 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 31, 2023.
F5 This transaction was executed in multiple trades at prices ranging from $15.00 to $15.22. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F6 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.
F7 These shares are held by The John Zimmer Living Trust dated July 30, 2015, for which Mr. Zimmer serves as trustee.