Saqib Baig - Feb 15, 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
Stock symbol
PTON
Transactions as of
Feb 15, 2025
Transactions value $
-$445,985
Form type
4
Date filed
2/19/2025, 08:10 PM
Previous filing
Dec 9, 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 +20K +17.59% 134K Feb 15, 2025 Direct F1
transaction PTON Class A Common Stock Options Exercise +7.5K +5.62% 141K Feb 15, 2025 Direct F1
transaction PTON Class A Common Stock Options Exercise +10.3K +7.3% 151K Feb 15, 2025 Direct F1
transaction PTON Class A Common Stock Options Exercise +24.8K +16.36% 176K Feb 15, 2025 Direct F1
transaction PTON Class A Common Stock Sale -$225K -23.4K -13.3% $9.61 153K Feb 18, 2025 Direct F2, F3
transaction PTON Class A Common Stock Sale -$221K -22.7K -14.84% $9.75 130K Feb 19, 2025 Direct 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) Options Exercise $0 -20K -12.5% $0.00 140K Feb 15, 2025 Class A Common Stock 20K Direct F1, F5
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -7.5K -9.09% $0.00 75K Feb 15, 2025 Class A Common Stock 7.5K Direct F1, F6
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -10.3K -7.69% $0.00 124K Feb 15, 2025 Class A Common Stock 10.3K Direct F1, F7
transaction PTON Restricted Stock Unit (RSU) Options Exercise $0 -24.8K -14.29% $0.00 149K Feb 15, 2025 Class A Common Stock 24.8K Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 $9.5200 to $9.6900 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 These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2024.
F5 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.
F6 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.
F7 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.
F8 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.