Howard Draft - Sep 17, 2021 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Director
Signature
/s/ Bart Goldstein as attorney-in-fact for Howard Draft
Stock symbol
PTON
Transactions as of
Sep 17, 2021
Transactions value $
-$1,199,795
Form type
4
Date filed
9/21/2021, 04:32 PM
Previous filing
Aug 19, 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 +3.33K +1.26% $0.00 268K Sep 17, 2021 Direct F1
transaction PTON Class A Common Stock Conversion of derivative security $0 +6.67K +2.49% $0.00 274K Sep 17, 2021 Direct F1
transaction PTON Class A Common Stock Sale -$1.04M -10K -3.65% $104.33* 264K Sep 17, 2021 Direct F2
transaction PTON Class A Common Stock Sale -$156K -1.5K -1.32% $104.33* 112K Sep 17, 2021 By Spouse F2
holding PTON Class A Common Stock 34.5K Sep 17, 2021 By Howard Craig Draft Living Trust F3
holding PTON Class A Common Stock 17.2K Sep 17, 2021 By IRA F4

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 -3.33K -14.29% $0.00 20K Sep 17, 2021 Class B Common Stock 3.33K $3.28 Direct F5, F6
transaction PTON Class B Common Stock Options Exercise $0 +3.33K +1.1% $0.00 306K Sep 17, 2021 Class A Common Stock 3.33K Direct F6
transaction PTON Class B Common Stock Conversion of derivative security $0 -3.33K -1.09% $0.00 303K Sep 17, 2021 Class A Common Stock 3.33K Direct F6, F7
transaction PTON Stock Option (right to buy Class B Common Stock) Options Exercise $0 -6.67K -3.19% $0.00 203K Sep 17, 2021 Class B Common Stock 6.67K $8.82 Direct F6, F8
transaction PTON Class B Common Stock Options Exercise $0 +6.67K +2.2% $0.00 310K Sep 17, 2021 Class A Common Stock 6.67K Direct F6
transaction PTON Class B Common Stock Conversion of derivative security $0 -6.67K -2.15% $0.00 303K Sep 17, 2021 Class A Common Stock 6.67K Direct F6, F7
* 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 These shares are held of record by Howard Draft and Louis R Malikow, Trustees of the Howard Craig Draft Living Trust u/a/d 2/22/1991.
F4 These shares are held of record by Goldman Sachs, Custodian of the reporting person's IRA.
F5 The option vests as to 2.0833% of the total shares monthly, commencing April 15, 2018, with 100% of the total shares vested on March 15, 2022, 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.
F6 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.
F7 The holder elected to convert the Class B Common Stock to Class A Common Stock on a 1-for-1 basis.
F8 The option vests as to 2.0833% of the total shares monthly, commencing February 17, 2019, with 100% of the total shares vested on January 17, 2023, 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.