Form 4 for PTON PELOTON INTERACTIVE, INC.
Accepted 2022-11-17 00:00:00 ET · period of report 2022-10-24 · accession 0001639825-22-000140 · 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 | 2022-11-17 | 2022-11-16 | PTON | Cortese Thomas | Chief Product Off | S - Sale+OE | $11.17 | -11.4K | 18.7K | -38% | -$127.8K |
| D | 2022-11-17 | 2022-11-15 | PTON | Cortese Thomas | Chief Product Off | M - OptEx | — | +29.8K | 30.2K | +7,204% | — |
| DM | 2022-11-17 | 2022-10-24+ | PTON | Cortese Thomas | Chief Product Off | G - Gift | $0.00 | -50.0K | 1.36M | -4% | $0 |
| DMI | 2022-11-17 | 2022-10-24+ | PTON | Cortese Thomas | Chief Product Off | G - Gift | $0.00 | +50.0K | 100.0K | +100% | $0 |
| D | 2022-11-17 | 2022-11-15 | PTON | Cortese Thomas | Chief Product Off | M - OptEx | $0.00 | -29.8K | 446.3K | -6% | $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 | 2022-11-16 | S | D | 11,445 | $11.17 | 18,719 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.1704 to $11.1938 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. |
| 2 | Common | Class A Common Stock | 2022-11-15 | M | A | 29,751 | — | 30,164 | D | — | — | (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration. |
| 3 | Derivative | Class B Common Stock | 2022-11-11 | G | A | 50,000 | $0.00 | 1,411,922 | D | — · — to — | 50,000 Class A Common Stock | (F5) Each share of the issuer's Class B Common Stock will automatically be converted 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. |
| 4 | Derivative | Class B Common Stock | 2022-11-11 | G | D | 50,000 | $0.00 | 0 | I | — · — to — | 50,000 Class A Common Stock | (F5) Each share of the issuer's Class B Common Stock will automatically be converted 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. |
| 5 | Derivative | Restricted Stock Unit (RSU) | 2022-11-15 | M | D | 29,751 | $0.00 | 446,256 | D By GRAT 4 | — · — to — | 29,751 Class A Common Stock | (F6) These securities are held of record by The TPC 2021 GRAT 4. (F1) Each RSU represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration. (F4) The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2022, 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. |
| 6 | Derivative | Class B Common Stock | 2022-10-24 | G | D | 100,000 | $0.00 | 1,361,922 | D By GRAT 3 | — · — to — | 100,000 Class A Common Stock | (F7) These securities are held of record by The TPC 2021 GRAT 3. (F5) Each share of the issuer's Class B Common Stock will automatically be converted 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 | 2022-10-24 | G | A | 100,000 | $0.00 | 100,000 | I | — · — to — | 100,000 Class A Common Stock | (F5) Each share of the issuer's Class B Common Stock will automatically be converted 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. |