Lyft Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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Mar 31, 2024 · Filed May 9, 2024
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Item 5. Other Information
Securities Trading Plans of Directors and Executive Officers
On February 29, 2024, Logan Green, Chair of our board of directors, as an individual, Logan Green and Eva Gonda Green, Mr. Green’s spouse, jointly, and The Green Family 2020 Irrevocable Trust dated October 28, 2020 (the “2020 Trust”)adopted a Rule 10b5-1 trading arrangement (the “2024 Plan”) providing for the sale from time to time of an aggregate of up to (i)25,516 shares of our Class A common stock held by Mr. Green plus up to 218,199 additional shares of our Class A common stock less certain shares sold by Mr. Green pursuant to Mr. Green’s current Rule 10b5-1 Plan dated May 31, 2023 (the “2023 Plan”), which will terminate by its terms prior to the effective date of the 2024 Plan plus additional shares of our Class A common stock issuable upon the vesting and settlement of RSUs granted to Mr. Green subsequent to the adoption of the 2024 Plan, (ii)1,000,000 shares of our Class A common stock held by Mr. and Ms. Green plus up to 582,000 additional shares of our Class A common stock less certain shares sold by Mr. and Ms. Green under the 2023 Plan, and (iii)200,000 shares of our Class A common stock held by the 2020 Trust. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until March 1, 2025, or earlier if all transactions under the trading arrangement are completed. Mr. Green does not have beneficial ownership of the shares of our Class A common stock held by the 2020 Trust.
No other officers, as defined in Rule 16a-1(f), or directors adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the last fiscal quarter.
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