Lyft (LYFT) CFO Erin Brewer Withholds Shares for Taxes, Gifts Shares

What Happened

• Erin M. Brewer, Chief Financial Officer of Lyft, had 186,735 shares withheld by the company to satisfy tax withholding related to the net settlement of restricted stock units (RSUs) on August 20, 2026. The withholding was at $17.43 per share, totaling approximately $3,254,791. On the same date she transferred (gifted) 161,324 shares (RSUs) to the Erin M. Brewer 2022 Trust.

Key Details

• Transaction date: 2026-08-20.
• Withholding: 186,735 shares withheld at $17.43/share = $3,254,791 (reported under code F — tax withholding; not a market sale by the reporting person).
• Gifts: 161,324 shares reported as gifts (code G) with $0 cash consideration; corresponding acquisition entry reflects the trust receiving these shares.
• Securities: Certain securities involved are RSUs (each RSU converts to one share upon vesting).
• Shares owned after transaction: Not specified in this Form 4.
• Filing: Form 4 filed 2026-08-24 — appears to be filed within the standard two business-day window following the 2026-08-20 transaction.
• Relevant notes: F1 notes the withholding was performed by the issuer to cover tax obligations; F2 clarifies many affected securities are RSUs; F3 identifies the recipient as the Erin M. Brewer 2022 Trust, for which Brewer is trustee.

Context

• Tax-withholding net settlements of RSUs are routine and do not reflect an open-market sale decision by the insider. Gifts to a personal trust are transfers that generally do not signal a view on the company's prospects. This filing documents administrative settlement of equity compensation and a transfer into a trust rather than a market-driven sale or purchase.