Jay C. Hoag - 03 Dec 2025 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role: Director
Signature: /s/ Frederic D. Fenton, Authorized Signatory for Jay C. Hoag
Issuer symbol: PTON
Transactions as of: 03 Dec 2025
Transactions value $: $0
Form type: 4
Filing time: 04 Dec 2025, 16:15:14 UTC
Previous filing: 02 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hoag Jay C	Director	250 MIDDLEFIELD ROAD, MENLO PARK	/s/ Frederic D. Fenton, Authorized Signatory for Jay C. Hoag	04 Dec 2025	0001082906

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTON	Class A Common Stock	Options Exercise		+6.35K	+16.36%		45.1K	03 Dec 2025	Direct	F1, F2
holding	PTON	Class A Common Stock						2.6M	03 Dec 2025	TCV IX, L.P.	F3
holding	PTON	Class A Common Stock						734K	03 Dec 2025	TCV IX (A) Opportunities, L.P.	F4
holding	PTON	Class A Common Stock						139K	03 Dec 2025	TCV IX (B), L.P.	F5
holding	PTON	Class A Common Stock						201K	03 Dec 2025	TCV Member Fund, L.P.	F6
holding	PTON	Class A Common Stock						1.88M	03 Dec 2025	TCV X, L.P.	F7
holding	PTON	Class A Common Stock						466K	03 Dec 2025	TCV X (A) Blocker, L.P.	F8
holding	PTON	Class A Common Stock						91.6K	03 Dec 2025	TCV X (B), L.P.	F9
holding	PTON	Class A Common Stock						105K	03 Dec 2025	TCV X Member Fund, L.P.	F10
holding	PTON	Class A Common Stock						59.4K	03 Dec 2025	TCV IX Management, L.L.C.	F11
holding	PTON	Class A Common Stock						24.9K	03 Dec 2025	TCV X Management, L.L.C.	F11

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	-6.35K	-100%	$0.00	0	03 Dec 2025	Class A Common Stock	6.35K		Direct	F1, F2, F12

* 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 (1) share of the issuer's Class A common stock upon settlement for no consideration.
F2	Jay C. Hoag has sole voting and dispositive power over the RSUs and shares he holds directly. However, TCV IX Management, L.L.C. and TCV X Management, L.L.C., collectively, have a right to 100% of the pecuniary interest in such securities. Mr. Hoag is a Member of TCV IX Management, L.L.C. and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such RSUs and the shares to be received upon their vesting except to the extent of his pecuniary interest therein.
F3	These shares are directly held by TCV IX, L.P. ("TCV IX"). Jay C. Hoag is a Class A Director and a Class A Member of Technology Crossover Management IX, Ltd. ("Management IX") and a limited partner of Technology Crossover Management IX, L.P. ("TCM IX"). Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX. Mr. Hoag may be deemed to beneficially own the shares held by TCV IX, but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4	These shares are directly held by TCV IX (A) Opportunities, L.P. ("TCV IX (A) Opportunities"). Jay C. Hoag is a Class A Director and a Class A Member of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX (A), L.P., which in turn is sole shareholder of TCV IX (A) Opportunities, Ltd., which in turn is the sole limited partner of TCV IX (A) Opportunities. Mr. Hoag may be deemed to beneficially own the shares held by TCV IX (A) Opportunities but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5	These shares are directly held by TCV IX (B), L.P. ("TCV IX (B)"). Jay C. Hoag is a Class A Director and a Class A Member of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX (B). Mr. Hoag may be deemed to beneficially own the shares held by TCV IX (B) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6	These shares are directly held by TCV Member Fund, L.P. ("Member Fund"). Jay C. Hoag is a limited partner of Member Fund and a Class A Director and a Class A Member of Management IX. Management IX is a general partner of Member Fund. Mr. Hoag may be deemed to beneficially own the shares held by Member Fund but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7	These shares are directly held by TCV X, L.P. ("TCV X"). Jay C. Hoag is a Class A Director and a Class A Member of Technology Crossover Management X, Ltd. ("Management X") and a limited partner of Technology Crossover Management X, L.P. ("TCM X"). Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X. Mr. Hoag may be deemed to beneficially own the shares held by TCV X, but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F8	These shares are directly held by TCV X (A) Blocker, L.P. ("TCV X (A) Blocker"). Jay C. Hoag is a Class A Director and a Class A Member of Management X and a limited partner of TCM X. Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X (A), L.P., which in turn is sole shareholder of TCV X (A) Blocker, Ltd., which in turn is the sole limited partner of TCV X (A) Blocker. Mr. Hoag may be deemed to beneficially own the shares held by TCV X (A) Blocker but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F9	These shares are directly held by TCV X (B), L.P. ("TCV X (B)"). Jay C. Hoag is a Class A Director and a Class A Member of Management X and a limited partner of TCM X. Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X (B). Mr. Hoag may be deemed to beneficially own the shares held by TCV X (B) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F10	These shares are directly held by TCV X Member Fund, L.P. ("TCV X Member Fund"). Jay C. Hoag is a Class A Director and a Class A Member of Management X and a limited partner of TCV X Member Fund. Management X is the sole general partner of TCV X Member Fund. Mr. Hoag may be deemed to beneficially own the shares held by TCV X Member Fund but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F11	Jay C. Hoag is a Member of TCV IX Management, L.L.C and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such RSUs and the shares to be received upon their vesting except to the extent of his pecuniary interest therein.
F12	The RSUs vest as to 25% of the total shares quarterly on each of March 3, 2025, June 3, 2025 and September 3, 2025, with the final 25% vesting on the earlier of (i) December 3, 2025 and (ii) the 2025 annual stockholders meeting, subject to the Reporting Person's provision of service to the Issuer on each vesting date.