John P. Foley - Mar 14, 2022 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Executive Chair, Director
Signature
/s/ Bart Goldstein as attorney-in-fact for John P. Foley
Stock symbol
PTON
Transactions as of
Mar 14, 2022
Transactions value $
$0
Form type
4
Date filed
3/16/2022, 04:32 PM
Previous filing
Mar 2, 2022

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 Stock Option (right to buy Class B Common Stock) Options Exercise $0 -40K -100% $0.00* 0 Mar 14, 2022 Class B Common Stock 40K $0.75 By spouse F1, F2, F3
transaction PTON Stock Option (right to buy Class B Common Stock) Options Exercise $0 -39.2K -100% $0.00* 0 Mar 14, 2022 Class B Common Stock 39.2K $3.28 By spouse F1, F2, F3
transaction PTON Stock Option (right to buy Class B Common Stock) Options Exercise $0 -24.8K -100% $0.00* 0 Mar 14, 2022 Class B Common Stock 24.8K $14.59 By spouse F1, F2, F3
transaction PTON Stock Option (right to buy Class B Common Stock) Options Exercise $0 -14K -100% $0.00* 0 Mar 14, 2022 Class B Common Stock 14K $14.59 By spouse F1, F2, F3
transaction PTON Class B Common Stock Options Exercise $0 +118K $0.00 118K Mar 14, 2022 Class A Common Stock 118K By spouse F2
holding PTON Class B Common Stock 6.59M Mar 14, 2022 Class A Common Stock 6.59M Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is fully vested and exercisable.
F2 Each share of the issuer's Class B Common Stock will automatically be converted 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 ("IPO"), (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.
F3 In connection with her departure from the company, Ms. Foley elected to exercise the vested portion of her options to purchase Class B Common Stock and retain the underlying Class B shares.