Thomas Cortese - May 11, 2023 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
May 11, 2023
Transactions value $
$0
Form type
4
Date filed
5/15/2023, 04:33 PM
Previous filing
Mar 2, 2023
Next filing
May 17, 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 -175K -57.65% $0.00 129K May 11, 2023 Class B Common Stock 175K $0.19 Direct F1, F2
transaction PTON Class B Common Stock Options Exercise $0 +175K +12.17% $0.00 1.61M May 11, 2023 Class A Common Stock 175K Direct F2
holding PTON Class B Common Stock 100K May 11, 2023 Class A Common Stock 100K By GRAT 4 F2, F3
holding PTON Class B Common Stock 261K May 11, 2023 Class A Common Stock 261K By LLC F2

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.