Mariana Garavaglia - 15 Feb 2022 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 Feb 2022
Net transactions value: -$78,674
Form type: 4
Filing time: 17 Feb 2022, 16:59:20 UTC
Previous filing: 14 Jan 2022
Next filing: 21 Apr 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	$0	+2,894	+21%	$0.000000	16,938	15 Feb 2022	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise	$0	+1,782	+11%	$0.000000	18,720	15 Feb 2022	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise	$0	+2,595	+14%	$0.000000	21,315	15 Feb 2022	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise	$0	+2,091	+9.8%	$0.000000	23,406	15 Feb 2022	Direct	F1
transaction	PTON	Class A Common Stock	Sale	$78,674	-2,459	-11%	$31.99	20,947	17 Feb 2022	Direct	F2, F3

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	-9.1%	$0.000000	28,940	15 Feb 2022	Class A Common Stock	2,894		Direct	F1, F4
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-1,782	-7.7%	$0.000000	21,391	15 Feb 2022	Class A Common Stock	1,782		Direct	F1, F5
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-2,595	-6.7%	$0.000000	36,338	15 Feb 2022	Class A Common Stock	2,595		Direct	F1, F6
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-2,091	-9.1%	$0.000000	20,910	15 Feb 2022	Class A Common Stock	2,091		Direct	F1, F7

* 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 $31.9800 to $32.9200 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 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.
F5	The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2021, with 100% of the total shares vested on February 15, 2025, 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 November 15, 2021, with 100% of the total shares vested on August 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
F7	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.