---
schema_version: "secwatch.filing_event.v1"
accession: "0001759509-25-000141"
form_type: "8-K"
ticker: "LYFT"
cik: "0001759509"
company_name: "Lyft, Inc."
filed_at: "2025-09-05T23:59:59+00:00"
generated_at: "2026-05-17T07:59:42.232511+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lyft prices $450M convertible notes due 2030; uses proceeds for capped calls and stock buyback

## Summary
- Issued $450M (plus $50M option) of 0% convertible notes due 2030; net proceeds ~$487.7M.
- Conversion price ~$23.52 (40% premium to $16.80 close); capped call cap $33.60.
- Used ~$42M for capped call transactions and ~$95.7M to repurchase 5.7M shares.
- Remaining proceeds for share repurchases under existing plan and general corporate purposes.
- Notes convertible under conditions; no interest; maturity Sept 2030; redeemable after Sept 2028.

## SEC filing metadata
- accession: 0001759509-25-000141
- form_type: 8-K
- ticker: LYFT
- cik: 0001759509
- company_name: Lyft, Inc.
- filed_at: 2025-09-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759509/000175950925000141/0001759509-25-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759509/000175950925000141/lyft-20250902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759509-25-000141
- JSON: https://secwatch.observer/filing/0001759509-25-000141.json
- Plain text: https://secwatch.observer/filing/0001759509-25-000141.txt

## Key facts
- Debt Financings
  Lyft, Inc. incurred convertible notes of $50 million aggregate principal amount with Goldman Sachs & Co. LLC at 0 % maturing September 15, 2030.
  - Instrument: convertible notes
  - Principal: $50 million aggregate principal amount
  - Counterparty: Goldman Sachs & Co. LLC
  - Rate: 0 %
  - Maturity: September 15, 2030
  - Event: incurrence
  source text: amount of its 0 % Convertible Senior Notes due 2030 (the “Base Notes”). In addition, the Company granted the Initial Purchasers a 13-day option to purchase up to an additional $50 million aggregate principal amount of such notes on the same terms and conditions (the “Additional Notes” and together with the Base Notes, the “Notes”). On September 3, 2025, the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950925000141/0001759509-25-000141-index.htm
- Debt Financings
  Lyft, Inc. incurred convertible notes of $450 million aggregate principal amount with Goldman Sachs & Co. LLC at 0 % maturing September 15, 2030.
  - Instrument: convertible notes
  - Principal: $450 million aggregate principal amount
  - Counterparty: Goldman Sachs & Co. LLC
  - Rate: 0 %
  - Maturity: September 15, 2030
  - Event: incurrence
  source text: On September 2, 2025, Lyft, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC as representative of the several initial purchasers (the “Initial Purchasers”), to issue and sell $450 million aggregate principal amount of its 0 % Convertible Senior Notes due 2030 (the “Base Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759509/000175950925000141/0001759509-25-000141-index.htm

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