Zimmer John Patrick 4
4 · Lyft, Inc. · Filed Mar 25, 2024
Insider Transaction Report
Form 4
Lyft, Inc.LYFT
Zimmer John Patrick
Director
Transactions
- Sale
Class A Common Stock
2024-03-21$20.04/sh−36,000$721,566→ 0 total(indirect: See Footnote) - Sale
Class A Common Stock
2024-03-21$20.04/sh−193,200$3,872,404→ 932,544 total - Conversion
Class B Common Stock
2024-03-21−36,000→ 837,605 total(indirect: See Footnote)→ Class A Common Stock (36,000 underlying) - Conversion
Class A Common Stock
2024-03-21+36,000→ 36,000 total(indirect: See Footnote)
Holdings
- 1,750,302
Class B Common Stock
→ Class A Common Stock (1,750,302 underlying) - 500,620(indirect: See Footnote)
Class B Common Stock
→ Class A Common Stock (500,620 underlying)
Footnotes (7)
- [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.