John Patrick Zimmer - Mar 21, 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
Mar 21, 2024
Transactions value $
-$4,593,970
Form type
4
Date filed
3/25/2024, 06:54 PM
Previous filing
Mar 4, 2024
Next filing
May 22, 2024

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 +36K 36K Mar 21, 2024 See Footnote F1, F2, F3
transaction LYFT Class A Common Stock Sale -$722K -36K -100% $20.04 0 Mar 21, 2024 See Footnote F3, F4, F5
transaction LYFT Class A Common Stock Sale -$3.87M -193K -17.16% $20.04 933K Mar 21, 2024 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 -36K -4.12% $0.00 838K Mar 21, 2024 Class A Common Stock 36K See Footnote F1, F2, F3
holding LYFT Class B Common Stock 1.75M Mar 21, 2024 Class A Common Stock 1.75M Direct F2
holding LYFT Class B Common Stock 501K Mar 21, 2024 Class A Common Stock 501K See Footnote F2, F7

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 $20.00 to $20.13. 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.