Thomas Cortese - Nov 11, 2021 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Chief Product Officer
Signature
/s/ Bart Goldstein as attorney-in-fact for Thomas Cortese
Stock symbol
PTON
Transactions as of
Nov 11, 2021
Transactions value $
$0
Form type
4
Date filed
11/15/2021, 04:05 PM
Previous filing
Nov 9, 2021
Next filing
Nov 17, 2021

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 Gift $0 -50K -3.99% $0.00 1.2M Nov 11, 2021 Class A Common Stock 50K Direct F1, F2
transaction PTON Class B Common Stock Gift $0 +50K $0.00 50K Nov 11, 2021 Class A Common Stock 50K By GRAT F1, F2, F3
transaction PTON Stock Option (right to buy Class B Common Stock) Options Exercise $0 -100K -20.43% $0.00 389K Nov 12, 2021 Class B Common Stock 100K $0.19 Direct F1, F4
transaction PTON Class B Common Stock Options Exercise $0 +100K +8.32% $0.00 1.3M Nov 12, 2021 Class A Common Stock 100K Direct F1
holding PTON Class B Common Stock 261K Nov 11, 2021 Class A Common Stock 261K By LLC F1
holding PTON Class B Common Stock 50K Nov 11, 2021 Class A Common Stock 50K By GRAT 1 F1, F5
holding PTON Class B Common Stock 50K Nov 11, 2021 Class A Common Stock 50K By GRAT 2 F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents shares of the Issuer's Class B Common Stock that the Reporting Person transferred as a gift.
F3 These securities are held of record by The TPC 2021 GRAT III.
F4 The option is fully vested and exercisable.
F5 These securities are held of record by The TPC 2021 GRAT 1.
F6 These securities are held of record by The TPC 2021 GRAT 2.