---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-23-000040"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:14:59.775725+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lyft appoints Kristin Sverchek as President effective July 1; John Zimmer moves to advisor role

## Summary
- Sverchek succeeds John Zimmer as President; David Risher recommended she assume the role to focus on CEO duties.
- Sverchek receives retention bonus of 100% of base salary (payable Jan 2024) tied to cost, revenue, HR goals.
- Equity grants valued at $5 million: 70% in RSUs, 30% in PSUs linked to stock price milestones.
- Enhanced severance through June 30, 2024: 100% salary, target bonus, and full RSU vesting on qualifying termination.

## SEC filing metadata
- accession: 0001759509-23-000040
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000040/0001759509-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000040/lyft-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-23-000040
- JSON: https://secwatch.observer/filing/0001759509-23-000040.json
- Plain text: https://secwatch.observer/filing/0001759509-23-000040.txt

## Key facts
- Executive change
  Kristin Sverchek was appointed as President at Lyft, Inc..
  - Action: appointed
  - Role: President
  source text: Ms. Sverchek will become the Company's President, effective as of July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000040/0001759509-23-000040-index.htm
- Executive change
  John Zimmer changed role as President at Lyft, Inc..
  - Action: transitioned
  - Role: President
  source text: Ms. Sverchek will succeed John Zimmer, the Company's current President, who, as previously announced, will transition to a non-employee advisor and director role on June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950923000040/0001759509-23-000040-index.htm

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