Filing Details

Accession Number:
0001639825-21-000293
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-09-15 16:32:01
Reporting Period:
2021-09-13
Accepted Time:
2021-09-15 16:32:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1639825 Peloton Interactive Inc. PTON Sporting & Athletic Goods, Nec (3949) 473533761
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1787758 Hisao Kushi C/O Peloton Interactive, Inc.
441 Ninth Avenue, Sixth Floor
New York NY 10001
Chief Legal & Culture Officer No 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 2021-09-13 27,110 $0.00 28,834 No 4 C Direct
Class A Common Stock Acquisiton 2021-09-13 52,890 $0.00 81,724 No 4 C Direct
Class A Common Stock Disposition 2021-09-13 7,000 $110.79 74,724 No 4 S Direct
Class A Common Stock Disposition 2021-09-13 31,462 $111.76 43,262 No 4 S Direct
Class A Common Stock Disposition 2021-09-13 19,849 $112.87 23,413 No 4 S Direct
Class A Common Stock Disposition 2021-09-13 21,378 $113.82 2,035 No 4 S Direct
Class A Common Stock Disposition 2021-09-13 311 $114.43 1,724 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Stock Option (right to buy Class B Common Stock) Disposition 2021-09-13 27,110 $0.00 27,110 $0.75
Class A Common Stock Class B Common Stock Acquisiton 2021-09-13 27,110 $0.00 27,110 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-09-13 27,110 $0.00 27,110 $0.00
Class B Common Stock Stock Option (right to buy Class B Common Stock) Disposition 2021-09-13 52,890 $0.00 52,890 $2.89
Class A Common Stock Class B Common Stock Acquisiton 2021-09-13 52,890 $0.00 52,890 $0.00
Class A Common Stock Class B Common Stock Disposition 2021-09-13 52,890 $0.00 52,890 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2026-04-19 No 4 M Direct
27,110 No 4 M Direct
0 No 4 C Direct
547,110 2027-10-12 No 4 M Direct
52,890 No 4 M Direct
0 No 4 C Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 367,607 367,607 Indirect
Class A Common Stock Class B Common Stock $0.00 632,393 632,393 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
367,607 367,607 Indirect
632,393 632,393 Indirect
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 $110.35 to $111.33 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 $111.37 to $112.3625 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 $112.37 to $113.34 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 $113.38 to $114.37 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 $114.41 to $114.45 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 option is fully vested and exercisable.
  9. 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.
  10. The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.
  11. The option vests as to 2.0833% of the total shares monthly, commencing September 25, 2017, with 100% of the total shares vested on August 25, 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.
  12. These securities are held of record by Hisao Kushi and Karen Kushi, Trustees of the Kushi Family 2018 Grantor Retained Annuity Trust dated September 27, 2018.
  13. These securities are held of record by Hisao Kushi and Karen Kushi, Trustees of the Kushi Family Trust dated June 3, 2013.