---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-080628"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:16:32.972582+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lyft co-founders step down; David Risher named CEO, effective April 17, 2023

## Summary
- Co-founders Logan Green (CEO) and John Zimmer (President) transition from executive roles; Green becomes Chair, Zimmer becomes Vice Chair.
- David Risher appointed CEO effective April 17, 2023; previously Amazon SVP and Microsoft GM.
- Risher compensation: $725k salary, $1M guaranteed 2023 bonus, $3.25M signing bonus, 12.25M PSUs tied to stock price targets.
- Ashwin Raj steps down as EVP of Rideshare on May 22, 2023; will advise through Nov 30, 2023.
- Company reaffirms Q1 2023 revenue, Contribution Margin, and Adjusted EBITDA guidance; results expected early May.

## SEC filing metadata
- accession: 0001193125-23-080628
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/d467235d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-080628
- JSON: https://secwatch.observer/filing/0001193125-23-080628.json
- Plain text: https://secwatch.observer/filing/0001193125-23-080628.txt

## Key facts
- Executive change
  John Zimmer changed role as President at Lyft, Inc..
  - Action: transitioned from
  - Role: President
  source text: John Zimmer, its co-founder and President, has decided to transition from his role as President, effective as of June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm
- Executive change
  Logan Green changed role as Chief Executive Officer at Lyft, Inc..
  - Action: transitioned from
  - Role: Chief Executive Officer
  source text: Logan Green, its co-founder and Chief Executive Officer (“CEO”), has decided to transition from his role as CEO, effective as of April 17, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm
- Executive change
  David Risher was appointed as Chief Executive Officer at Lyft, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Company’s board of directors (the “Board”) appointed David Risher, a member of the Board since July 2021, to serve as CEO, effective as of April 17, 2023, and President and CEO, effective as of July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm
- Executive change
  Sean Aggarwal was appointed as Lead Independent Director at Lyft, Inc..
  - Action: appointed
  - Role: Lead Independent Director
  source text: Sean Aggarwal, the Company’s current Board Chair, has been appointed as Lead Independent Director, each effective as of April 17, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm
- Executive change
  Logan Green was appointed as Chair of the Board at Lyft, Inc..
  - Action: appointed
  - Role: Chair of the Board
  source text: Mr. Green has been appointed as Chair of the Board, and Sean Aggarwal, the Company’s current Board Chair, has been appointed as Lead Independent Director, each effective as of April 17, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm
- Executive change
  David Risher was appointed as President and Chief Executive Officer at Lyft, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: to serve as CEO, effective as of April 17, 2023, and President and CEO, effective as of July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312523080628/0001193125-23-080628-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.