Chris Bruzzo - 31 May 2024 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Interim Co-CEO and President, Director
Signature
/s/ Bart Goldstein as attorney-in-fact for Christopher Bruzzo
Issuer symbol
PTON
Transactions as of
31 May 2024
Net transactions value
-$54,131
Form type
4
Filing time
04 Jun 2024, 20:12:37 UTC
Previous filing
20 May 2024
Next filing
11 Jun 2024
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 +40,431 +307% 53,616 31 May 2024 Direct F1
transaction PTON Class A Common Stock Sale $54,131 -14,936 -28% $3.62 38,680 04 Jun 2024 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 -40,431 -33% $0.000000 80,863 31 May 2024 Class A Common Stock 40,431 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 $3.6215 to $3.6409 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 In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.