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.

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