Zimmer John Patrick 4
4 · Lyft, Inc. · Filed Mar 4, 2024
Insider Transaction Report
Form 4
Lyft, Inc.LYFT
Zimmer John Patrick
Director
Transactions
- Sale
Class A Common Stock
2024-02-29$15.69/sh−3,327$52,200→ 1,125,744 total
Footnotes (4)
- [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 $15.41 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.