---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-182862"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:09:24.699844+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lyft President Kristin Sverchek to depart August 20, 2024; will advise through Nov 30

## Summary
- Kristin Sverchek to step down as President effective Aug 20, 2024; will serve as advisor through Nov 30, 2024.
- Departure not due to any dispute with management; she will receive severance benefits under existing plan.
- Severance includes $650K salary, vesting of unvested RSUs, COBRA lump sum, and $487.5K prorated bonus.
- Advisor agreement includes $10K monthly retainer and continued RSU vesting during consulting term.
- Bylaws amended to make President position discretionary rather than mandatory.

## SEC filing metadata
- accession: 0001193125-24-182862
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000119312524182862/0001193125-24-182862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000119312524182862/d837844d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-182862
- JSON: https://secwatch.observer/filing/0001193125-24-182862.json
- Plain text: https://secwatch.observer/filing/0001193125-24-182862.txt

## Key facts
- Executive change
  Kristin Sverchek departed as President at Lyft, Inc..
  - Action: depart
  - Role: President
  source text: On July 23, 2024, Lyft, Inc. (the “Company”) announced that Kristin Sverchek, the Company’s President, and the Company agreed to terms pursuant to which Ms. Sverchek will depart the Company as an employee effective August 20, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000119312524182862/0001193125-24-182862-index.htm

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