Nick V Caldwell - 14 Sep 2025 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role: Chief Product Officer
Signature: /s/ Tammy Albarran as attorney-in-fact for Nick V. Caldwell
Issuer symbol: PTON
Transactions as of: 14 Sep 2025
Net transactions value: -$1,609,317
Form type: 4
Filing time: 16 Sep 2025, 20:40:57 UTC
Previous filing: 26 Aug 2025
Next filing: 18 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Caldwell Nick V.	Chief Product Officer	C/O PELOTON INTERACTIVE, INC., 441 9TH AVENUE, SIXTH FLOOR, NEW YORK	/s/ Tammy Albarran as attorney-in-fact for Nick V. Caldwell	16 Sep 2025	0001838934

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTON	Class A Common Stock	Options Exercise		+115,741	+20%		706,025	15 Sep 2025	Direct	F1
transaction	PTON	Class A Common Stock	Award	$0	+238,664	+34%	$0.000000	944,689	15 Sep 2025	Direct	F2
transaction	PTON	Class A Common Stock	Sale	$1,609,317	-206,901	-22%	$7.78	737,788	16 Sep 2025	Direct	F3, F4

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)	Award	$0	+459,318		$0.000000	459,318	14 Sep 2025	Class A Common Stock	459,318		Direct	F1, F5
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-115,741	-11%	$0.000000	925,926	15 Sep 2025	Class A Common Stock	115,741		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 share of the Issuer's Class A Common Stock.
F2	Represents shares of Class A Common Stock acquired upon the vesting of performance stock units ("PSUs") granted on October 17, 2024.
F3	The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs and PSUs.
F4	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.7300 to $7.8700 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.
F5	The RSUs vest as to 1/12 of the total shares on August 15, 2026, then 1/12 of the total shares vest quarterly thereafter, with 100% of the total shares vested on May 15, 2029, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F6	The RSUs vest as to 25% of the total shares on November 1, 2024, then 6.25% of the total shares vest quarterly, commencing December 15, 2024, with 100% of the total shares vested on September 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.