Mariana Garavaglia - May 15, 2021 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role: Chief Bus. Operations Officer
Signature: /s/ Hisao Kushi as attorney-in-fact for Mariana Garavaglia
Stock symbol: PTON
Transactions as of: May 15, 2021
Transactions value $: -$177,885
Form type: 4
Date filed: 5/18/2021, 04:34 PM
Next filing: May 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTON	Class A Common Stock	Options Exercise		+2.89K	+262.85%		4K	May 15, 2021	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+1.78K	+44.63%		5.78K	May 15, 2021	Direct	F1
transaction	PTON	Class A Common Stock	Sale	-$91	-1	-0.02%	$90.71^*	5.78K	May 17, 2021	Direct	F2
transaction	PTON	Class A Common Stock	Sale	-$178K	-1.9K	-32.8%	$93.82^*	3.88K	May 17, 2021	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-2.89K	-7.14%	$0.00	37.6K	May 15, 2021	Class A Common Stock	2.89K		Direct	F1, F4
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-1.78K	-6.25%	$0.00	26.7K	May 15, 2021	Class A Common Stock	1.78K		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.
F2	Represents the aggregate number of shares sold by the reporting person to cover taxes and fees due upon the release and settlement of the RSUs. The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes and fees.
F3	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.3786 to $93.8315 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4	(4)The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2020, with 100% of the total shares vested on August 15, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F5	The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2021, with 100% of the total shares vested on February 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.