Mariana Garavaglia - Jun 7, 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
Jun 7, 2021
Transactions value $
-$1,145,760
Form type
4
Date filed
6/8/2021, 04:31 PM
Previous filing
Jun 2, 2021
Next filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTON Class A Common Stock Conversion of derivative security $0 +10.4K +482% $0.00 12.6K Jun 7, 2021 Direct F1
transaction PTON Class A Common Stock Sale -$1.15M -10.4K -82.82% $110.00* 2.16K Jun 7, 2021 Direct F2

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 Stock Option (right to buy Class B Common Stock) Options Exercise $0 -10.4K -3.94% $0.00 254K Jun 7, 2021 Class B Common Stock 10.4K $14.59 Direct F3, F4
transaction PTON Class B Common Stock Options Exercise $0 +10.4K $0.00 10.4K Jun 7, 2021 Class A Common Stock 10.4K Direct F4
transaction PTON Class B Common Stock Conversion of derivative security $0 -10.4K -100% $0.00* 0 Jun 7, 2021 Class A Common Stock 10.4K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 The option vested as to 25% of the total shares on June 13, 2020, then 2.0833% of the total shares vest monthly, with 100% of the total shares vested and exercisable on June 13, 2023, subject tothe reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
F4 Each share of the issuer's Class B Common Stock will automatically convert into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's initial public offering, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class, and has no expiration date.
F5 The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.