Lyft Chief Accounting Officer Stephen Hope Withholds 29,507 Shares

What Happened
Stephen W. Hope, Chief Accounting Officer of Lyft, had 29,507 shares withheld on August 20, 2026 at an implied price of $17.43 per share, totaling $514,307. This withholding was done to satisfy tax withholding obligations in connection with the net settlement of restricted stock units (RSUs) and is not a market sale by the reporting person.

Key Details

• Transaction date: 2026-08-20; filing date: 2026-08-24 (four-calendar-day gap between transaction and filing). Form 4s are generally required within two business days of the transaction.
• Shares withheld: 29,507 at $17.43 per share; aggregate value $514,307. Transaction code: F (tax withholding).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 clarifies the shares were withheld by the issuer to satisfy tax remittance and do not represent a sale by the reporting person. F2 notes these securities are RSUs that vest subject to applicable schedules/conditions.

Context
Net settlement withholding of RSUs is a routine administrative tax event: the company retains a portion of vested RSUs to cover taxes rather than the insider selling shares on the open market. Such withholdings typically do not indicate a change in the insider’s view of the company.