Form 4 for PTON PELOTON INTERACTIVE, INC.
Accepted 2021-08-16 00:00:00 ET · period of report 2021-08-12 · accession 0001639825-21-000231 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-16 | 2021-08-12 | PTON | Cortese Thomas | Chief Product Off | C - Cnv Deriv | $0.00 | +40.0K | 40.4K | +9,685% | $0 |
| DM | 2021-08-16 | 2021-08-12 | PTON | Cortese Thomas | Chief Product Off | S - Sale | $113.12 | -40.0K | 413 | -99% | -$4.52M |
| DM | 2021-08-16 | 2021-08-12 | PTON | Cortese Thomas | Chief Product Off | M - OptEx | $0.00 | 0 | 1.07M | New | $0 |
| D | 2021-08-16 | 2021-08-12 | PTON | Cortese Thomas | Chief Product Off | C - Cnv Deriv | $0.00 | -40.0K | 1.03M | -4% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-08-12 | C | A | 40,000 | $0.00 | 40,413 | D | — | — | (F1) Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock. |
| 2 | Common | Class A Common Stock | 2021-08-12 | S | D | 16,388 | $112.56 | 24,025 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.90 to $112.89 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. |
| 3 | Common | Class A Common Stock | 2021-08-12 | S | D | 19,412 | $113.38 | 4,613 | D | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.90 to $113.89 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 | Common | Class A Common Stock | 2021-08-12 | S | D | 4,200 | $114.09 | 413 | D | — | — | (F5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.93 to $114.22 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 | Derivative | Stock Option (right to buy Class B Common Stock) | 2021-08-12 | M | D | 40,000 | $0.00 | 140,000 | D | $0.75 · — to 2026-04-19 | 40,000 Class B Common Stock | (F6) The option is fully vested and exercisable. |
| 6 | Derivative | Class B Common Stock | 2021-08-12 | C | D | 40,000 | $0.00 | 1,029,922 | D | — · — to — | 40,000 Class A Common Stock | (F8) The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis. (F7) 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. |
| 7 | Derivative | Class B Common Stock | 2021-08-12 | M | A | 40,000 | $0.00 | 1,069,922 | D | — · — to — | 40,000 Class A Common Stock | (F7) 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. |