Saqib Baig - Aug 15, 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
Stock symbol: PTON
Transactions as of: Aug 15, 2024
Transactions value $: -$44,030
Form type: 4
Date filed: 8/19/2024, 04:22 PM
Previous filing: May 17, 2024
Next filing: Aug 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTON	Class A Common Stock	Options Exercise		+20K	+17.64%		133K	Aug 15, 2024	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+7.5K	+5.63%		141K	Aug 15, 2024	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+10.3K	+7.32%		151K	Aug 15, 2024	Direct	F1
transaction	PTON	Class A Common Stock	Sale	-$44K	-14K	-9.26%	$3.15	137K	Aug 16, 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	-20K	-10%	$0.00	180K	Aug 15, 2024	Class A Common Stock	20K		Direct	F1, F4
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-7.5K	-7.69%	$0.00	90K	Aug 15, 2024	Class A Common Stock	7.5K		Direct	F1, F5
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-10.3K	-6.67%	$0.00	144K	Aug 15, 2024	Class A Common Stock	10.3K		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.