Pamela Thomas-Graham - 21 Nov 2024 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Director
Signature
/s/ Bart Goldstein as attorney-in-fact for Pamela Thomas-Graham
Issuer symbol
PTON
Transactions as of
21 Nov 2024
Net transactions value
-$239,670
Form type
4
Filing time
22 Nov 2024, 16:58:58 UTC
Previous filing
16 Sep 2024
Next filing
05 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 Conversion of derivative security +26,630 +34% 103,979 21 Nov 2024 Direct F1
transaction PTON Class A Common Stock Sale $239,670 -26,630 -26% $9.00 77,349 21 Nov 2024 Direct F2

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 Stock Option (right to buy Class B Common Stock) Options Exercise $0 -26,630 -17% $0.000000 133,153 21 Nov 2024 Class B Common Stock 26,630 $3.28 Direct F1, F3
transaction PTON Class B Common Stock Conversion of derivative security $0 -26,630 -100% $0.000000 0 21 Nov 2024 Class A Common Stock 26,630 Direct F1
* 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 share of the issuer's Class B Common Stock will automatically convert into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's initial public offering, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 9, 2024.
F3 The option vests as to 2.0833% of the total shares monthly, commencing April 26, 2018, with 100% of the total shares vested on March 26, 2022, subject to the reporting person's provision of service to the issuer on each vesting date.