Thomas Cortese - Aug 15, 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
Aug 15, 2023
Transactions value $
-$170,617
Form type
4
Date filed
8/17/2023, 04:36 PM
Previous filing
May 22, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTON Class A Common Stock Options Exercise +29.8K +412.51% 37K Aug 15, 2023 Direct F1
transaction PTON Class A Common Stock Options Exercise +14.8K +40.08% 51.8K Aug 15, 2023 Direct F1
transaction PTON Class A Common Stock Sale -$171K -23.4K -45.18% $7.29 28.4K Aug 16, 2023 Direct F2, F3
holding PTON Class A Common Stock 106K Aug 15, 2023 By LLC

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 -29.8K -7.69% $0.00 357K Aug 15, 2023 Class A Common Stock 29.8K Direct F1, F4
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -14.8K -6.67% $0.00 207K Aug 15, 2023 Class A Common Stock 14.8K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.
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 $7.2737to $7.3050 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, 2022, with 100% of the total shares vested on August 15, 2026, 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, 2023, with 100% of the total shares vested on February 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.