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 |
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).
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. |