John David Risher - 27 Mar 2023 Form 4 Insider Report for Lyft, Inc. (LYFT)

Role: Director
Signature: /s/ Kevin C. Chen, by power of attorney
Issuer symbol: LYFT
Transactions as of: 27 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 29 Mar 2023, 21:31:41 UTC
Previous filing: 24 Jan 2023
Next filing: 24 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LYFT	Class A Common Stock	Award	$0	+12,250,000	+50461%	$0.000000	12,274,276	27 Mar 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest based on the Issuer's stock price performance over a five-year performance period beginning on April 17, 2023, as described in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2023. Upon achievement of the stock price performance target, the PSUs in the applicable tranche will vest 50% upon the certification of achievement by the Compensation Committee of the Issuer's Board of Directors (but no earlier than April 17, 2024) and 50% on the one year anniversary of such certification, subject to the Reporting Person continuing to serve as the Issuer's Chief Executive Officer through each such date.
F2	Certain of these securities are restricted stock units (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.

Content

These securities are performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest based on the Issuer's stock price performance over a five-year performance period beginning on April 17, 2023, as described in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2023. Upon achievement of the stock price performance target, the PSUs in the applicable tranche will vest 50% upon the certification of achievement by the Compensation Committee of the Issuer's Board of Directors (but no earlier than April 17, 2024) and 50% on the one year anniversary of such certification, subject to the Reporting Person continuing to serve as the Issuer's Chief Executive Officer through each such date.

Certain of these securities are restricted stock units (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.