Saqib Baig - 15 Nov 2025 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role: Chief Accounting Officer
Signature: /s/ Tammy Albarran as attorney-in-fact for Saqib Baig
Issuer symbol: PTON
Transactions as of: 15 Nov 2025
Net transactions value: -$306,609
Form type: 4
Filing time: 18 Nov 2025, 17:09:05 UTC
Previous filing: 16 Sep 2025
Next filing: 21 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Baig Saqib	Chief Accounting Officer	C/O PELOTON INTERACTIVE, INC., 441 NINTH AVENUE, SIXTH FLOOR, NEW YORK	/s/ Tammy Albarran as attorney-in-fact for Saqib Baig	18 Nov 2025	0001954584

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	+13%		175,257	15 Nov 2025	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+7,500	+4.3%		182,757	15 Nov 2025	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+10,302	+5.6%		193,059	15 Nov 2025	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+24,762	+13%		217,821	15 Nov 2025	Direct	F1
transaction	PTON	Class A Common Stock	Options Exercise		+17,498	+8%		235,319	15 Nov 2025	Direct	F1
transaction	PTON	Class A Common Stock	Sale	$306,609	-42,267	-18%	$7.25	193,052	17 Nov 2025	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	-20%	$0.000000	79,892	15 Nov 2025	Class A Common Stock	19,973		Direct	F1, F4
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-7,500	-12%	$0.000000	52,500	15 Nov 2025	Class A Common Stock	7,500		Direct	F1, F5
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-10,302	-10%	$0.000000	92,720	15 Nov 2025	Class A Common Stock	10,302		Direct	F1, F6
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-24,762	-25%	$0.000000	74,284	15 Nov 2025	Class A Common Stock	24,762		Direct	F1, F7
transaction	PTON	Restricted Stock Unit (RSU)	Options Exercise	$0	-17,498	-8.3%	$0.000000	192,476	15 Nov 2025	Class A Common Stock	17,498		Direct	F1, F8

* 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	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 $7.1950 to $7.2800 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 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.
F7	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.
F8	The RSUs vest as to 1/12 of the total shares on November 15, 2025, then 1/12 of the total shares vest quarterly thereafter, with 100% of the total shares vested on August 15, 2028, subject to the Reporting Person's provision of service to the issuer on each vesting date.