Thomas Cortese - Dec 15, 2022 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
Dec 15, 2022
Transactions value $
$0
Form type
4
Date filed
12/19/2022, 07:56 AM
Previous filing
Nov 17, 2022
Next filing
Feb 14, 2023

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 -25.8K -7.84% $0.00 304K Dec 15, 2022 Class B Common Stock 25.8K $0.19 Direct F1, F2
transaction PTON Class B Common Stock Options Exercise $0 +25.8K +1.83% $0.00 1.44M Dec 15, 2022 Class A Common Stock 25.8K Direct F2
holding PTON Class B Common Stock 100K Dec 15, 2022 Class A Common Stock 100K By GRAT 4 F2, F3
holding PTON Class B Common Stock 261K Dec 15, 2022 Class A Common Stock 261K By LLC 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, (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 These securities are held of record by The TPC 2021 GRAT 4.