Hope Stephen W. 4

What Happened
Stephen W. Hope, Chief Accounting Officer of Lyft (LYFT), reported that 7,436 shares were recorded as disposed on 2026-05-20 at $13.18 per share (total ~$98,006). The Form 4 shows these shares were withheld to satisfy tax withholding obligations in connection with the net settlement of restricted stock units (RSUs), not an open-market sale by the reporting person.

Key Details

• Transaction date: 2026-05-20; reported on Form 4 filed 2026-05-22 (appears within the normal 2-business-day reporting window).
• Reported disposition: 7,436 shares at $13.18 each; total value shown ~$98,006.
• Transaction code: F (tax withholding related to RSU net settlement). Footnote F1 clarifies withholding by the issuer to meet tax obligations and explicitly states this is not a sale by the reporting person.
• Footnote F2: These securities are RSUs — each RSU represents a contingent right to receive one share subject to vesting conditions.
• Shares owned after the transaction: not specified in the excerpt provided.

Context
Net-share settlement (withholding shares to cover taxes) is a common, administrative action when RSUs vest. It reduces the number of shares delivered to the employee to cover required tax withholdings and should not be interpreted as a voluntary sale or change in insider sentiment.