Risher John David 4
4 · Lyft, Inc. · Filed Mar 29, 2023
Insider Transaction Report
Form 4
Lyft, Inc.LYFT
Risher John David
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock
2023-03-27+12,250,000→ 12,274,276 total
Footnotes (2)
- [F1]These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest based on the Issuer's stock price performance over a five-year performance period beginning on April 17, 2023, as described in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2023. Upon achievement of the stock price performance target, the PSUs in the applicable tranche will vest 50% upon the certification of achievement by the Compensation Committee of the Issuer's Board of Directors (but no earlier than April 17, 2024) and 50% on the one year anniversary of such certification, subject to the Reporting Person continuing to serve as the Issuer's Chief Executive Officer through each such date.
- [F2]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.