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

Role: Director
Signature: /s/ Bart Goldstein as attorney-in-fact for Howard Draft
Issuer symbol: PTON
Transactions as of: 17 Sep 2021
Net transactions value: -$1,199,795
Form type: 4
Filing time: 21 Sep 2021, 16:32:01 UTC
Previous filing: 19 Aug 2021
SEC: View on sec.gov

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	+3,334	+1.3%	$0.000000	267,501	17 Sep 2021	Direct	F1
transaction	PTON	Class A Common Stock	Conversion of derivative security	$0	+6,666	+2.5%	$0.000000	274,167	17 Sep 2021	Direct	F1
transaction	PTON	Class A Common Stock	Sale	$1,043,300	-10,000	-3.6%	$104.33^*	264,167	17 Sep 2021	Direct	F2
transaction	PTON	Class A Common Stock	Sale	$156,495	-1,500	-1.3%	$104.33^*	112,195	17 Sep 2021	By Spouse	F2
holding	PTON	Class A Common Stock						34,483	17 Sep 2021	By Howard Craig Draft Living Trust	F3
holding	PTON	Class A Common Stock						17,241	17 Sep 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	-3,334	-14%	$0.000000	20,000	17 Sep 2021	Class B Common Stock	3,334	$3.28	Direct	F5, F6
transaction	PTON	Class B Common Stock	Options Exercise	$0	+3,334	+1.1%	$0.000000	306,266	17 Sep 2021	Class A Common Stock	3,334		Direct	F6
transaction	PTON	Class B Common Stock	Conversion of derivative security	$0	-3,334	-1.1%	$0.000000	302,932	17 Sep 2021	Class A Common Stock	3,334		Direct	F6, F7
transaction	PTON	Stock Option (right to buy Class B Common Stock)	Options Exercise	$0	-6,666	-3.2%	$0.000000	202,501	17 Sep 2021	Class B Common Stock	6,666	$8.82	Direct	F6, F8
transaction	PTON	Class B Common Stock	Options Exercise	$0	+6,666	+2.2%	$0.000000	309,598	17 Sep 2021	Class A Common Stock	6,666		Direct	F6
transaction	PTON	Class B Common Stock	Conversion of derivative security	$0	-6,666	-2.2%	$0.000000	302,932	17 Sep 2021	Class A Common Stock	6,666		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.