Form 4: Lyft Officer's Tax-Related Stock Transaction

Lyft's Chief Legal and Business Officer, Lindsay Catherine Llewellyn, reported a tax-related disposition of 31,888 shares of Class A Common Stock at $19.42 per share, following the vesting of performance-based restricted stock units.

Summary

• Lindsay Catherine Llewellyn, Chief Legal and Business Officer and Corporate Secretary of Lyft, Inc., reported a transaction on December 20, 2025.
• The transaction involved the disposition of 31,888 shares of Class A Common Stock at a price of $19.42 per share.
• These shares were withheld by Lyft, Inc. to satisfy tax withholding and remittance obligations in connection with the net settlement of performance-based restricted stock units (PSUs) upon their vesting, and this does not represent a sale by the reporting person.
• Following this reported transaction, Lindsay Catherine Llewellyn beneficially owns 772,188 shares of Class A Common Stock.
• A portion of the beneficially owned shares are held by a living trust for which the reporting person is the sole trustee and lifetime beneficiary.
• Certain beneficially owned securities are restricted stock units (RSUs), each representing a contingent right to receive one share of Class A Common Stock, subject to applicable vesting schedules and conditions.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction related to tax withholding on vested equity, which is neutral in sentiment.

Positives

• The vesting of performance-based restricted stock units (PSUs) indicates that the company achieved specific performance conditions, which is a positive indicator of operational success.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale by the executive.
• Employees: No direct impact beyond the reporting executive.

Key Dates

Keywords

Lyft, LYFT, Form 4, insider transaction, executive compensation, PSU vesting, stock disposition, tax withholding