Hersman Deborah 4

What Happened
Deborah Hersman, a member of Lyft’s board of directors, was granted 4,842 restricted stock units (RSUs) on January 25, 2026. The grant was reported as an award/acquisition (code A) at $0.00 per unit (total immediate cash value $0). RSUs are a contingent right to receive one share of Class A common stock upon vesting, not an immediate purchase or sale of shares.

Key Details

• Transaction date: 2026-01-25; Filing date: 2026-01-27 (timely filing).
• Grant: 4,842 RSUs; reported price per unit $0.00; total immediate value $0.
• Shares owned after transaction: Not stated in this Form 4 filing.
• Footnote (vesting terms): 100% of the RSUs vest on the earlier of May 20, 2026 or the day before Lyft’s 2026 annual meeting, subject to continued service. Vested RSUs will be delivered either immediately prior to a change in control or within 60 days after the reporting person’s retirement or separation.
• Transaction code: A (award/grant). No tax-withholding or sale reported in this filing.

Context
RSU grants to directors are common compensation for board service and do not involve an immediate cash outlay or sale of stock. These units only convert into actual shares if and when they vest under the stated conditions; therefore this filing reflects a future potential issuance rather than an executed trade.