Form 4 for PTON PELOTON INTERACTIVE, INC.
Accepted 2021-09-21 00:00:00 ET · period of report 2021-09-17 · accession 0001639825-21-000300 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-09-21 | 2021-09-17 | PTON | Draft Howard C. | Dir | S - Sale | $104.33 | -1,500 | 112.2K | -1% | -$156.5K |
| D | 2021-09-21 | 2021-09-17 | PTON | Draft Howard C. | Dir | S - Sale | $104.33 | -10.0K | 264.2K | -4% | -$1.04M |
| DM | 2021-09-21 | 2021-09-17 | PTON | Draft Howard C. | Dir | C - Cnv Deriv | $0.00 | +10.0K | 267.5K | +4% | $0 |
| DM | 2021-09-21 | 2021-09-17 | PTON | Draft Howard C. | Dir | M - OptEx | $0.00 | 0 | 306.3K | New | $0 |
| DM | 2021-09-21 | 2021-09-17 | PTON | Draft Howard C. | Dir | C - Cnv Deriv | $0.00 | -10.0K | 302.9K | -3% | $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 | 2021-09-17 | S | D | 1,500 | $104.33 | 112,195 | I | — | — | |
| 2 | Common | Class A Common Stock | 2021-09-17 | S | D | 10,000 | $104.33 | 264,167 | D | — | — | |
| 3 | Common | Class A Common Stock | 2021-09-17 | C | A | 6,666 | $0.00 | 274,167 | D | — | — | (F1) Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock. |
| 4 | Common | Class A Common Stock | 2021-09-17 | C | A | 3,334 | $0.00 | 267,501 | D By Spouse | — | — | (F1) Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock. |
| 5 | Derivative | Stock Option (right to buy Class B Common Stock) | 2021-09-17 | M | D | 3,334 | $0.00 | 20,000 | D | $3.28 · — to 2028-04-01 | 3,334 Class B Common Stock | (F5) 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 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. |
| 6 | Derivative | Class B Common Stock | 2021-09-17 | C | D | 3,334 | $0.00 | 302,932 | D | — · — to — | 3,334 Class A Common Stock | (F7) The holder elected to convert the Class B Common Stock to Class A Common Stock on a 1-for-1 basis. (F6) 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 | Stock Option (right to buy Class B Common Stock) | 2021-09-17 | M | D | 6,666 | $0.00 | 202,501 | D | $8.82 · — to 2029-01-16 | 6,666 Class B Common Stock | (F8) The option vests as to 2.0833% of the total shares monthly, commencing February 17, 2019, with 100% of the total shares vested on January 17, 2023, 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. |
| 8 | Derivative | Class B Common Stock | 2021-09-17 | M | A | 6,666 | $0.00 | 309,598 | D | — · — to — | 6,666 Class A Common Stock | (F6) 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. |
| 9 | Derivative | Class B Common Stock | 2021-09-17 | C | D | 6,666 | $0.00 | 302,932 | D | — · — to — | 6,666 Class A Common Stock | (F7) The holder elected to convert the Class B Common Stock to Class A Common Stock on a 1-for-1 basis. (F6) 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 | Derivative | Class B Common Stock | 2021-09-17 | M | A | 3,334 | $0.00 | 306,266 | D | — · — to — | 3,334 Class A Common Stock | (F6) 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. |