Kevin Cornils - 15 May 2022 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Chief Commercial Officer
Signature
/s/ Bart Goldstein as attorney-in-fact for Kevin Cornils
Issuer symbol
PTON
Transactions as of
15 May 2022
Net transactions value
-$115,998
Form type
4
Filing time
17 May 2022, 16:35:18 UTC
Previous filing
03 Mar 2022
Next filing
17 Aug 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 +6,451 +244% $0.000000 9,091 15 May 2022 Direct F1
transaction PTON Class A Common Stock Options Exercise $0 +6,451 +71% $0.000000 15,542 15 May 2022 Direct F1
transaction PTON Class A Common Stock Sale $115,998 -7,516 -48% $15.43 8,026 16 May 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 -6,451 -6.3% $0.000000 96,764 15 May 2022 Class A Common Stock 6,451 Direct F1, F4
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -6,451 -6.3% $0.000000 96,764 15 May 2022 Class A Common Stock 6,451 Direct F1, F4
* 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 $15.4300 to $15.4752 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 May 15, 2022, with 100% of the total shares vested on February 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.