Aggarwal Prashant 4
Research Summary
AI-generated summary
Lyft Director Prashant Aggarwal Receives RSU Award
What Happened
- Prashant Aggarwal, a director of Lyft, was granted 18,453 restricted stock units (RSUs) reported on Form 4 for the period 2026-06-03. The RSUs were reported at an acquisition price of $0.00 (code A — grant/award). This is a compensation/retention award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-03. Form filed: 2026-06-05 (timely filing).
- Grant size: 18,453 RSUs; reported acquisition price $0.00.
- Vesting (per footnote F1): one-fourth of the RSUs vests on each of Aug 20, 2026; Nov 20, 2026; Feb 20, 2027; and the earlier of May 20, 2027 or the day before the issuer’s 2027 annual meeting, subject to continued service.
- Footnote F2 notes these securities are RSUs subject to their applicable vesting schedules/conditions.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Additional footnotes (F3–F5) reference other shares held of record by family trusts for which the reporting person and spouse are co-trustees; these relate to other holdings, not the RSU grant.
Context
- RSUs are a contingent right to receive shares if vesting conditions are met; they do not represent immediate cash or tradable shares until vested and settled. This grant is a compensation award (neutral informational signal); it does not indicate a market purchase or sale by the director.