Lyft Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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Jun 30, 2024 · Filed Aug 7, 2024
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Item 5. Other Information
Securities Trading Plans of Directors and Executive Officers
On May 31, 2024, John Zimmer, the current Vice Chair of our board of directors, and The Zimmer 2014 Irrevocable Trust dated June 16, 2014 (the “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)456,000 shares of Class A common stock held by Mr. Zimmer plus a portion of any additional shares of Class A Common Stock issued upon the vesting and settlement of RSUs granted to Mr. Zimmer for his service on our board of directors in June 2024; and (ii)150,000 shares of Class A common stock issuable upon the conversion of shares of Class B common stock held by the Trust. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The current Rule 10b5-1 Plan entered into by Mr. Zimmer and the Trust on May 31, 2023 will terminate by its terms prior to the effective date of the 2024 Plan. The duration of the trading arrangement is until September 15, 2025, or earlier if all transactions under the trading arrangement are completed.
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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