Leslie Berland - 15 Nov 2023 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Reporting relationship: Chief Marketing Officer
Issuer ticker: PTON
Reported as of: 15 Nov 2023
Net transaction value: -$101,416
SEC form: 4
Accepted by SEC: 17 Nov 2023, 16:33:48 UTC
Prior SEC filing: 06 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ Bart Goldstein as attorney-in-fact for Leslie Berland

Key filing fact

Leslie Berland filed Form 4 for PELOTON INTERACTIVE, INC. (PTON) on 17 Nov 2023.

Key facts

This page summarizes Leslie Berland's Form 4 filing for PELOTON INTERACTIVE, INC. (PTON).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Nov 2023, 16:33.

Change

Previous filing in this sequence was filed on 06 Sep 2023.
Current net transaction value: -$101,416.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PTON transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +45,000
Change %
Price
Shares after: 45,000
Date: 15 Nov 2023
Ownership: Direct
Footnotes: F1

PTON transaction

Class A Common Stock

Sale

Transaction value: $101,416
Shares: -19,447
Change %: -43%
Price: $5.22
Shares after: 25,553
Date: 16 Nov 2023
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PTON transaction Derivative

Restricted Stock Unit (RSU)

Options Exercise

Transaction value: $0
Shares: -45,000
Change %: -6.2%
Price: $0.000000
Shares after: 675,000
Date: 15 Nov 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 45,000
Exercise price
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each RSU represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

Footnote 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.

Footnote F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.2100 to $5.2250 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.

Footnote F4

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.