Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On August 31, 2020, Hiroshi "Mickey" Mikitani informed Lyft, Inc. (the "Company") of his resignation from the Company's board of directors (the "Board"). Mr. Mikitani is the founder, chairman and chief executive officer of Rakuten, Inc. Mr. Mikitani is resigning from the Board in order to further devote his time to management of Rakuten, Inc. under the uncertain environment of COVID-19.

"We thank Mickey for his long-standing partnership with Lyft, including his five years of service on our Board," said Logan Green, co-founder and chief executive officer of Lyft. "As a pioneering founder of one of the world's leading internet companies, Mickey's perspective has been particularly valuable to our Board and management team throughout pivotal milestones in Lyft's history. We wish Mickey all the best in his continued leadership of Rakuten."

"I am proud of the growth and accomplishments achieved by the Lyft team over the last five years," said Hiroshi "Mickey" Mikitani, founder, chairman and chief executive officer of Rakuten, Inc. "I am confident in the ability of Lyft's management team and board to drive the next phase of growth and innovation. I look forward to following Lyft as the company pursues its mission to improve people's lives with the world's best transportation."

Mr. Mikitani's resignation from the Board is effective as of August 31, 2020 and is not due to any disagreement with the Company on any matter related to the Company's operations, policies or practices.

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