Hersman Deborah 4

4 · Lyft, Inc. · Filed Jun 5, 2026

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Updated Jun 6, 2026

Lyft Director Deborah Hersman Receives RSU Award (18,453 shares)

What Happened

Deborah Hersman, a director of Lyft, was granted 18,453 restricted stock units (RSUs) on June 3, 2026. The Form 4 reports an acquisition at $0.00 per unit (this is a compensation award, not a cash purchase). No immediate cash value is shown on the form; the units represent the contingent right to receive Class A common shares if and when they vest.

Key Details

Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (timely).
Grant: 18,453 RSUs at $0.00 per unit (reported acquisition value $0).
Vesting (per footnote): one-fourth vests on each of Aug 20, 2026; Nov 20, 2026; Feb 20, 2027; and the earlier of May 20, 2027 or the day before Lyft’s 2027 annual meeting, subject to continued service. Vested RSUs are deliverable immediately prior to a change in control or within 60 days after retirement/separation.
Footnote F2: confirms certain securities are RSUs subject to applicable vesting.
Shares owned after the transaction: not specified in the filing.

Context

RSU grants are a form of equity compensation and do not represent an outright purchase or sale by the insider; they typically vest over time and align executive/director pay with company performance and retention.
Such awards are common and should not be taken alone as a signal of insider bullishness or bearishness; purchases (cash buys) generally give clearer sentiment signals than compensation grants.

Form 4

Period: 2026-06-03

Director

Transactions

Footnotes (2)

[F1]These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-fourth of the RSUs shall vest on each of August 20, 2026, November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day prior to the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person continuing as a service provider through each such date. Vested RSUs will be delivered to the Reporting Person on the earlier of (i) immediately prior to a change in control of the Issuer or (ii) within 60 days following the Reporting Person's retirement or separation from service with the Issuer and all of its affiliates.
[F2]Certain of these securities are 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.

Signature

/s/ Kevin C. Chen, by power of attorney|2026-06-05

1 file