Filing Details

Accession Number:
0001639825-20-000215
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-16 16:32:01
Reporting Period:
2020-12-14
Accepted Time:
2020-12-16 16:32:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1639825 Peloton Interactive Inc. PTON () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1441013 William Lynch C/O Peloton Interactive, Inc.
125 West 25Th Street, 11Th Floor
New York NY 10001
President Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-12-14 125,000 $0.00 125,000 No 4 C Direct
Class A Common Stock Acquisiton 2020-12-14 38,500 $0.00 163,500 No 4 C Direct
Class A Common Stock Disposition 2020-12-14 1,101 $118.53 162,399 No 4 S Direct
Class A Common Stock Disposition 2020-12-14 3,000 $119.63 159,399 No 4 S Direct
Class A Common Stock Disposition 2020-12-14 25,615 $120.49 133,784 No 4 S Direct
Class A Common Stock Disposition 2020-12-14 30,533 $121.66 103,251 No 4 S Direct
Class A Common Stock Disposition 2020-12-14 61,941 $122.40 41,310 No 4 S Direct
Class A Common Stock Disposition 2020-12-14 23,716 $123.45 17,594 No 4 S Direct
Class A Common Stock Disposition 2020-12-14 17,594 $124.38 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2020-12-04 675,000 $0.00 675,000 $0.00
Class A Common Stock Class B Common Stock Acquisiton 2020-12-04 675,000 $0.00 675,000 $0.00
Class B Common Stock Stock Option (right to buy Class B Common Stock) Disposition 2020-12-14 125,000 $0.00 125,000 $2.89
Class A Common Stock Class B Common Stock Acquisiton 2020-12-14 125,000 $0.00 125,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2020-12-14 125,000 $0.00 125,000 $0.00
Class B Common Stock Stock Option (right to buy Class B Common Stock) Disposition 2020-12-14 38,500 $0.00 38,500 $3.28
Class A Common Stock Class B Common Stock Acquisiton 2020-12-14 38,500 $0.00 38,500 $0.00
Class A Common Stock Class B Common Stock Disposition 2020-12-14 38,500 $0.00 38,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,723,000 No 5 G Direct
675,000 No 5 G Indirect
144,264 2027-08-07 No 4 M Direct
1,848,000 No 4 M Direct
1,723,000 No 4 C Direct
375,000 2028-04-01 No 4 M Direct
1,761,500 No 4 M Direct
1,723,000 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 12,500 Indirect By GRAT 1
Class A Common Stock 4,000 Indirect By GRAT 2
Class A Common Stock 3,000 Indirect By GRAT 3
Footnotes
  1. Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock.
  2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.98 to $118.97 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.
  4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.00 to $119.99 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.
  5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.00 to $120.99 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.
  6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.00 to $121.99 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.
  7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.00 to $122.99 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.
  8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.00 to $123.9787 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.
  9. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.00 to $124.86 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.
  10. These securities are held of record by a grantor retained annuity trust for which the reporting person is the trustee and sole annuitant.
  11. Each share of the issuer's Class B Common Stock will automatically convert into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's initial public offering, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class, and has no expiration date.
  12. These securities are held of record by Lynch Holdings I LP ("Lynch Holdings LP"). Lynch Holdings GP LLC is the general partner of Lynch Holdings LP ("Lynch GP LLC"). Trusts for which the reporting holder and his spouse are trustees are the members of Lynch GP LLC and each may be deemed to share voting and investment power over the shares held by Lynch Holdings LP and each have been determined to have a pecuniary interest over the shares held by Lynch Holdings LP.
  13. The option vested as to 25% of the total shares on February 9, 2018, then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on February 9, 2021, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
  14. The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.
  15. The option vests as to 2.0833% of the total shares monthly, commencing April 15, 2018, with 100% of the total shares vested on March 15, 2022, subject to the reporting person's provision ofservice to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.