Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 5)*
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Lyft, Inc. (Name of Issuer) |
Class A Common Stock (Title of Class of Securities) |
55087P104 (CUSIP Number) |
12/31/2024 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 55087P104 |
| 1 | Names of Reporting Persons
Rakuten Group, Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
JAPAN
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
10,994,865.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.71 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13G
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| CUSIP No. | 55087P104 |
| 1 | Names of Reporting Persons
Liberty Holdco Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Agg
regate Amount Beneficially Owned by Each Reporting Person
10,994,865.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.71 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13G
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| CUSIP No. | 55087P104 |
| 1 | Names of Reporting Persons
Hiroshi Mikitani | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
JAPAN
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
10,994,865.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.71 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Lyft, Inc. | |
| (b) | Address of issuer's principal executive offices:
185 Berry Street, Suite 400, San Francisco, CA 94107 | |
| Item 2. | ||
| (a) | Name of person filing:
Rakuten Group, Inc. ("Rakuten"), Liberty Holdco Ltd. ("Liberty") and Hiroshi Mikitani ("Mr. Mikitani") are collectively referred to herein as the "Reporting Persons." | |
| (b) | Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is 1-14-1, Tamagawa, Setagaya-ku, Tokyo, Japan 158-0094. | |
| (c) | Citizenship:
Rakuten is a corporation organized under the laws of Japan; Liberty is a corporation organized under the laws of the Cayman Islands; and Mr. Mikitani is a citizen of Japan. | |
| (d) | Title of class of securities:
Class A Common Stock | |
| (e) | CUSIP No.:
55087P104 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
As of October 21, 2020, Liberty was the record owner of 31,395,679 shares of the Issuer's Common Stock. Mr. Mikitani is the record owner of 6,344 share of the Issuer's Common Stock. Liberty is a wholly-owned subsidiary of Rakuten. Mr. Mikitani, as the Representative Director, Chairman, President and Chief Executive Officer of Rakuten, has sole voting and dispositive power over the shares of Issuer's Common Stock held by Liberty Holdco Ltd.As of December 11, 2024, Liberty sold aggregate 20,407,158 shares of the Issuer's Common Stock, and Liberty was the record owner of 10,988,521 shares of the Issuer's Common Stock. Mr. Mikitani is the record owner of 6,344 share of the Issuer's Common Stock. Liberty is a wholly-owned subsidiary of Rakuten. Mr. Mikitani, as the Representative Director, Chairman, President and Chief Executive Officer of Rakuten, has sole voting and dispositive power over the shares of Issuer's Common Stock held by Liberty Holdco Ltd. | |
| (b) | Percent of class:
Rakuten: 2.71%, Liberty: 2.71% and Mr. Mikitani: 2.71%. The foregoing percentages are calculated based on 406,286,219 shares of Common Stock represented to be outstanding by the Issuer on November 4, 2024, as reported in the Issuer's Form 10-Q for the quarterly period ended September 30, 2024. %
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| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
Rakuten: 10,994,865; Liberty: 0; Mr. Mikitani: 10,994,865 | ||
| (ii) Shared power to vote or to direct the vote:
Rakuten: 0; Liberty: 10,988,521; Mr. Mikitani: 0 | ||
| (iii) Sole power to dispose or to direct the disposition of:
Rakuten: 10,994,865; Liberty: 0; Mr. Mikitani: 10,994,865 | ||
| (iv) Shared power to dispose or to direct the disposition of:
Rakuten: 0; Liberty: 10,988,521; Mr. Mikitani: 0 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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EXHIBIT IPursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required on Schedule 13G need be filed with respect to ownership by each of the undersigned of the shares of Common Stock of Lyft, Inc.This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.Date: January 8, 2025Rakuten Group, Inc.By: /s/ Kenji HiroseName: Kenji HiroseTitle: Director and Group Executive Vice President, Chief Financial OfficerLiberty Holdco Ltd.By: /s/ Eiichi KagaName: Eiichi KagaTitle: Director/s/ Hiroshi MikitaniHiroshi Mikitani |