Hersman Deborah 4

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.