Logan Green - Feb 29, 2024 Form 4 Insider Report for Lyft, Inc. (LYFT)

Role
Director
Signature
/s/ Kevin C. Chen, by power of attorney
Stock symbol
LYFT
Transactions as of
Feb 29, 2024
Transactions value $
-$186,194
Form type
4
Date filed
3/4/2024, 09:10 PM
Previous filing
Feb 22, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYFT Class A Common Stock Sale -$186K -11.9K -3.31% $15.69 346K Feb 29, 2024 Direct F1, F2, F3, F4
* 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 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 31, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $15.42 to $15.96. 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.
F3 On February 27, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that the applicable performance targets for 75,000 performance-based restricted stock units ("PSUs") granted to the Reporting Person on February 21, 2021 were not achieved. Accordingly, the number of shares beneficially owned reflects the forfeiture of such PSUs.
F4 Certain of these securities are restricted stock units ("RSUs") and PSUs. Each RSU and PSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU and PSU.