Elizabeth F. Coddington - 15 Nov 2024 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Chief Financial Officer
Signature
/s/ Bart Goldstein as attorney-in-fact for Elizabeth F Coddington
Issuer symbol
PTON
Transactions as of
15 Nov 2024
Net transactions value
-$1,412,879
Form type
4
Filing time
19 Nov 2024, 17:46:13 UTC
Previous filing
01 Oct 2024
Next filing
17 Dec 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 +50,000 +29% 221,466 15 Nov 2024 Direct F1
transaction PTON Class A Common Stock Options Exercise +68,681 +31% 290,147 15 Nov 2024 Direct F1
transaction PTON Class A Common Stock Options Exercise +119,332 +41% 409,479 15 Nov 2024 Direct F1
transaction PTON Class A Common Stock Sale $900,041 -118,681 -29% $7.58 290,798 18 Nov 2024 Direct F2, F3
transaction PTON Class A Common Stock Sale $512,838 -67,781 -23% $7.57 223,017 18 Nov 2024 Direct F4, F5

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 -50,000 -8.3% $0.000000 550,000 15 Nov 2024 Class A Common Stock 50,000 Direct F1, F6
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -68,681 -7.1% $0.000000 892,858 15 Nov 2024 Class A Common Stock 68,681 Direct F1, F7
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -119,332 -13% $0.000000 835,322 15 Nov 2024 Class A Common Stock 119,332 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 3, 2024, a portion of which were for the 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 $7.4500 to $7.6600 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 sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.5140 to $7.6050 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.
F6 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.
F7 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.
F8 The RSUs vest as to 12.50% of the total shares quarterly, commencing November 15, 2024, 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.