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Lyft, Inc. (NASDAQ:LYFT) Chief Legal and Business Officer, Corporate Secretary, Lindsay Catherine Llewellyn, sold 14,606 shares of Class A Common Stock at a price of $20 on September 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the transaction amounted to $292,120. The sale comes as Lyft’s stock has shown remarkable strength, surging nearly 90% over the past six months to trade near its 52-week high of $23.50.
Following the transaction, Llewellyn directly owns 835,782 shares of Lyft . A portion of these shares are held in a living trust where Llewellyn serves as the sole trustee and lifetime beneficiary. Certain of these securities are restricted stock units (RSUs), each representing a contingent right to receive one share of Class A Common Stock, subject to vesting schedules and conditions. According to InvestingPro analysis, the company’s current market capitalization stands at $9.3 billion, with technical indicators suggesting the stock is in overbought territory.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 23, 2025. The filing was signed on September 17, 2025, by Kevin C. Chen, by power of attorney. For deeper insights into Lyft’s valuation and 18 additional key investment tips, visit InvestingPro, where you’ll find comprehensive analysis and the exclusive Pro Research Report.
In other recent news, Lyft Inc. is making strides in the autonomous vehicle sector with several key developments. The company has announced a partnership with Waymo to introduce fully autonomous ride-hailing services in Nashville by 2026. Lyft’s subsidiary, Flexdrive, will manage Waymo’s fleet, handling maintenance and infrastructure needs. In a separate initiative, Lyft has launched its first U.S. autonomous vehicle service in Atlanta through a partnership with May Mobility, entering direct competition with Waymo’s existing services in the city.
Additionally, Lyft is testing a new feature aimed at providing drivers with more information about potential riders, including their tipping habits and punctuality. This feature is currently being trialed and could impact driver-rider interactions. Meanwhile, Cantor Fitzgerald has maintained its Neutral rating on Lyft, following these announcements. The developments highlight Lyft’s ongoing efforts to expand its presence in the autonomous ride-hailing market.
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