ANDREW S. RENDICH - 15 Feb 2024 Form 4 Insider Report for PELOTON INTERACTIVE, INC. (PTON)

Role
Chief Supply Chain Officer
Signature
/s/ Bart Goldstein as attorney-in-fact for Andrew S. Rendich
Issuer symbol
PTON
Transactions as of
15 Feb 2024
Transactions value $
-$164,532
Form type
4
Filing time
20 Feb 2024, 16:25:23 UTC
Previous filing
21 Nov 2023
Next filing
27 Feb 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 Options Exercise +7.97K +6.96% 122K 15 Feb 2024 Direct F1
transaction PTON Class A Common Stock Options Exercise +30.7K +25.04% 153K 15 Feb 2024 Direct F1
transaction PTON Class A Common Stock Options Exercise +12.3K +8% 165K 15 Feb 2024 Direct F1
transaction PTON Class A Common Stock Options Exercise +45K +27.22% 210K 15 Feb 2024 Direct F1
transaction PTON Class A Common Stock Sale -$165K -36.8K -17.5% $4.47 174K 16 Feb 2024 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 -7.97K -10% $0.00 71.7K 15 Feb 2024 Class A Common Stock 7.97K Direct F1, F4
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -30.7K -9.09% $0.00 307K 15 Feb 2024 Class A Common Stock 30.7K Direct F1, F5
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -12.3K -7.69% $0.00 147K 15 Feb 2024 Class A Common Stock 12.3K Direct F1, F6
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -45K -6.67% $0.00 630K 15 Feb 2024 Class A Common Stock 45K Direct F1, F7
* 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 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 $4.4701 to $4.4824 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 May 15, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on May 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, 2022, 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.
F6 The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2023, with 100% of the total shares vested on February 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
F7 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.