Mariana Garavaglia - 15 Nov 2021 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Chief Operating Officer
Signature
/s/ Bart Goldstein as attorney-in-fact for Mariana Garavaglia
Issuer symbol
PTON
Transactions as of
15 Nov 2021
Net transactions value
-$175,150
Form type
4
Filing time
17 Nov 2021, 19:06:07 UTC
Previous filing
05 Nov 2021
Next filing
14 Jan 2022
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 Options Exercise +2,894 +36% 10,903 15 Nov 2021 Direct F1
transaction PTON Class A Common Stock Options Exercise +1,783 +16% 12,686 15 Nov 2021 Direct F1
transaction PTON Class A Common Stock Options Exercise +2,596 +20% 15,282 15 Nov 2021 Direct F1
transaction PTON Class A Common Stock Options Exercise +2,091 +14% 17,373 15 Nov 2021 Direct F1
transaction PTON Class A Common Stock Sale $172,002 -3,270 -19% $52.60* 14,103 16 Nov 2021 Direct F2, F3
transaction PTON Class A Common Stock Sale $3,148 -59 -0.42% $53.36* 14,044 16 Nov 2021 Direct F2, 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 Restricted Stock Unit (RSU) Options Exercise $0 -2,894 -8.3% $0.000000 31,834 15 Nov 2021 Class A Common Stock 2,894 Direct F1, F5
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -1,783 -7.1% $0.000000 23,173 15 Nov 2021 Class A Common Stock 1,783 Direct F1, F6
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -2,596 -6.3% $0.000000 38,933 15 Nov 2021 Class A Common Stock 2,596 Direct F1, F7
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -2,091 -8.3% $0.000000 23,001 15 Nov 2021 Class A Common Stock 2,091 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.5838 to $52.8625 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.04 to $53.65 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2020, with 100% of the total shares vested on August 15, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.
F6 The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2021, with 100% of the total shares vested and exercisable on February 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F7 The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2021, with 100% of the total shares vested and exercisable on August 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F8 The RSUs vest as to 8.33% of the total shares quarterly, commencing November 15, 2021, with 100% of the total shares vested on August 15, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.