Form 4: Lyft Director Logan Green Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Lyft director Logan Green sold 6,045 shares of Class A Common Stock on August 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 20, 2024, Logan Green, a director at Lyft, Inc., sold 6,045 shares of Class A Common Stock.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- The shares were sold at a weighted average price of $11.3995, with individual trades ranging from $11.32 to $11.50.
- Following the transaction, Green still beneficially owns 341,113 shares of Class A Common Stock, some of which are RSUs representing a contingent right to receive one share of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares by company directors to cover tax obligations upon vesting of restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of transaction: Sale of shares and vesting of restricted stock units. |
| 08/22/2024 | Date of signature on the SEC Form 4 filing. |
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