William Lynch - Nov 2, 2021 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
President, Director
Signature
/s/ Bart Goldstein as attorney-in-fact for William Lynch
Stock symbol
PTON
Transactions as of
Nov 2, 2021
Transactions value $
$0
Form type
4
Date filed
11/3/2021, 04:32 PM
Previous filing
Sep 16, 2021
Next filing
Nov 17, 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 +50K +3846.15% $0.00 51.3K Nov 2, 2021 Direct F1
holding PTON Class A Common Stock 7.2K Nov 2, 2021 By GRAT 1 F2
holding PTON Class A Common Stock 4K Nov 2, 2021 By GRAT 2 F2
holding PTON Class A Common Stock 3K Nov 2, 2021 By GRAT 3 F2
holding PTON Class A Common Stock 2K Nov 2, 2021 By GRAT 4 F2
holding PTON Class A Common Stock 2K Nov 2, 2021 By GRAT 5 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 Class B Common Stock Conversion of derivative security $0 -50K -3.1% $0.00 1.56M Nov 2, 2021 Class A Common Stock 50K Direct F3, F4
holding PTON Class B Common Stock 110K Nov 2, 2021 Class A Common Stock 110K By GRAT 6 F2, F3
holding PTON Class B Common Stock 675K Nov 2, 2021 Class A Common Stock 675K By limited partnership F3, 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 These securities are held of record by a grantor retained annuity trust for which the reporting person is the trustee and sole annuitant.
F3 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.
F4 The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.
F5 These securities are held of record by Lynch Holdings I LP ("Lynch Holdings LP"). Lynch Holdings GP LLC is the general partner of Lynch Holdings LP ("Lynch GP LLC"). Trusts for which the reporting person and his spouse are trustees are the members of Lynch GP LLC and each may be deemed to share voting and investment power over the shares held by Lynch Holdings LP and each have been determined to have a pecuniary interest over the shares held by Lynch Holdings LP.