| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PTON | Class A Common Stock | Conversion of derivative security | $0 | +154K | +37380.63% | $0.00 | 155K | Jun 28, 2021 | Direct | F1 |
| transaction | PTON | Class A Common Stock | Sale | -$19.2M | -154K | -99.73% | $124.26 | 413 | Jun 28, 2021 | Direct | F2, F3 |
| holding | PTON | Class A Common Stock | 106K | Jun 28, 2021 | By LLC |
| 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 | -154K | -43.56% | $0.00 | 200K | Jun 28, 2021 | Class B Common Stock | 154K | $2.89 | Direct | F4, F5 |
| transaction | PTON | Class B Common Stock | Options Exercise | $0 | +154K | +14.99% | $0.00 | 1.18M | Jun 28, 2021 | Class A Common Stock | 154K | Direct | F5 | |
| transaction | PTON | Class B Common Stock | Conversion of derivative security | $0 | -154K | -13.04% | $0.00 | 1.03M | Jun 28, 2021 | Class A Common Stock | 154K | Direct | F5, F6 | |
| holding | PTON | Class B Common Stock | 261K | Jun 28, 2021 | Class A Common Stock | 261K | By LLC | F5 | ||||||
| holding | PTON | Class B Common Stock | 50K | Jun 28, 2021 | Class A Common Stock | 50K | By GRAT 1 | F5, F7 | ||||||
| holding | PTON | Class B Common Stock | 50K | Jun 28, 2021 | Class A Common Stock | 50K | By GRAT 2 | F5, F8 |
| 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.00 to $124.89 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 | The option vests as to 2.0833% of the total shares monthly, commencing September 25, 2017, with 100% of the total shares vested on August 25, 2021, subject to the 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. |
| F5 | 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. |
| F6 | The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis. |
| F7 | These securities are held of record by TPC 2021 GRAT I. |
| F8 | These securities are held of record by TPC 2021 GRAT 2. |