Saqib Baig - 15 Aug 2024 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role: Chief Accounting Officer
Signature: /s/ Bart Goldstein as attorney-in-fact for Saqib Baig
Issuer symbol: PTON
Transactions as of: 15 Aug 2024
Net transactions value: -$44,030
Form type: 4
Filing time: 19 Aug 2024, 16:22:15 UTC
Previous filing: 17 May 2024
Next filing: 26 Aug 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		+19,973	+18%		133,199	15 Aug 2024	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+7,500	+5.6%		140,699	15 Aug 2024	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+10,303	+7.3%		151,002	15 Aug 2024	Direct	F1
transaction	PTON	Class A Common Stock	Sale	$44,030	-13,988	-9.3%	$3.15	137,014	16 Aug 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	-19,973	-10%	$0.000000	179,757	15 Aug 2024	Class A Common Stock	19,973		Direct	F1, F4
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-7,500	-7.7%	$0.000000	90,000	15 Aug 2024	Class A Common Stock	7,500		Direct	F1, F5
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-10,303	-6.7%	$0.000000	144,231	15 Aug 2024	Class A Common Stock	10,303		Direct	F1, F6

* 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 (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 $3.1400 to $3.1550 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 RSU vests as to 25% of the total shares on November 15, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on November 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 November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
F6	The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.