William Lynch - 02 Nov 2021 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role: President, Director
Signature: /s/ Bart Goldstein as attorney-in-fact for William Lynch
Issuer symbol: PTON
Transactions as of: 02 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Nov 2021, 16:32:45 UTC
Previous filing: 16 Sep 2021
Next filing: 17 Nov 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	+50,000	+3846%	$0.000000	51,300	02 Nov 2021	Direct	F1
holding	PTON	Class A Common Stock						7,200	02 Nov 2021	By GRAT 1	F2
holding	PTON	Class A Common Stock						4,000	02 Nov 2021	By GRAT 2	F2
holding	PTON	Class A Common Stock						3,000	02 Nov 2021	By GRAT 3	F2
holding	PTON	Class A Common Stock						2,000	02 Nov 2021	By GRAT 4	F2
holding	PTON	Class A Common Stock						2,000	02 Nov 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	-50,000	-3.1%	$0.000000	1,563,000	02 Nov 2021	Class A Common Stock	50,000		Direct	F3, F4
holding	PTON	Class B Common Stock						110,000	02 Nov 2021	Class A Common Stock	110,000		By GRAT 6	F2, F3
holding	PTON	Class B Common Stock						675,000	02 Nov 2021	Class A Common Stock	675,000		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.