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Lyft, Inc. NASDAQ:LYFT Chief Executive Officer John David Risher reported purchasing 5,926 shares of the company’s Class A Common Stock on September 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as Lyft shows strong momentum, with the stock up nearly 35% over the past six months and trading near its 52-week high of $19.07. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.
The shares were bought at a weighted average price of $16.875, in a range of $16.87 to $16.875, for a total transaction value of $100001. Following the transaction, Risher directly owns 11,797,266 shares of Lyft. This insider purchase aligns with management’s broader strategy of aggressive share buybacks, as highlighted by InvestingPro, which offers comprehensive insider trading analysis among its 15+ exclusive insights for Lyft.
In other recent news, Lyft has announced the pricing of $450 million in convertible senior notes due in 2030. These notes, offered to qualified institutional buyers, are expected to generate approximately $438.8 million in net proceeds after expenses. The company has also given initial purchasers an option to buy up to an additional $50 million in notes. In another development, Lyft’s co-founders Logan Green and John Zimmer will step down from the board of directors next year, completing a two-year leadership transition. As part of this transition, they will convert their Class B shares to Class A shares, eliminating the dual-class structure and providing equal voting rights for all shareholders. RBC Capital has reiterated its Outperform rating for Lyft, citing growth opportunities in the company’s core ride-hailing business. Meanwhile, TD Cowen has maintained its Buy rating on Lyft, following the co-founders’ decision to exit the board. These developments indicate significant changes and potential growth prospects for Lyft.
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