Lyft co-founders Green and Zimmer step down, convert all Class B shares to Class A single-vote structure

Lyft, Inc.

Logan Green and John Zimmer resign from Board effective Aug 14, 2025; Sean Aggarwal elected Chair.
All Class B shares convert to Class A on Aug 15, 2025; eliminates dual-class voting structure.
After conversion, Green and Zimmer collectively own ~9.69M shares of Class A common stock.
Board reduced to 7 members, 6 of whom are independent.
Company cites successful two-year transition plan and record results in 2025.

item 3.03 item 5.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lyft, Inc.: Retirement of Class B common stock and reduction of total authorized shares of capital stock by filing Certificate of Retirement (effective 2025-08-15).

Change: charter amendment
Effective: 2025-08-15

Exact text from the filing

As described under Item 3.03, on August 15, 2025, the Company plans to file the Certificate of Retirement with the Secretary of State of the State of Delaware to effect the retirement of the shares of Class B Common Stock that were issued but not outstanding following the conversion and to accordingly reduce the Company’s total number of authorized shares of capital stock by the number of retired shares of Class B Common Stock.

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Lyft, Inc. filing history →

Source: SEC EDGAR

accession 0001759509-25-000134

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