[Form 4] Peloton Interactive, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Elizabeth F. Coddington, Peloton Interactive (PTON) Chief Financial Officer, reported a series of equity transactions tied to vested restricted stock units (RSUs). On 08/15/2025 she had three RSU settlements recorded as acquisitions of 68,681, 50,000 and 119,332 shares. On 08/18/2025 she sold 67,139 shares at a weighted average price of $8.3947 and 118,681 shares at a weighted average price of $8.4354, with the filings stating the sales were to cover tax liabilities and that the latter sales were made under a Rule 10b5-1 plan. The Form 4 shows 346,535 shares of Class A common stock beneficially owned following the reported transactions. Detailed vesting schedules for each RSU tranche are included in the filing.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-cover sales of vested RSUs under a 10b5-1 plan; disclosure is clear and follows standard insider-practices.
The reporting discloses three RSU settlements on 08/15/2025 and subsequent open-market sales on 08/18/2025 explicitly described as tax-withholding actions. One set of sales was executed pursuant to a Rule 10b5-1 trading plan adopted June 3, 2024, which reduces concerns about opportunistic timing. The filing includes weighted-average sale prices and vesting schedules, supporting governance transparency. Material governance issues or unusual timing are not evident within the disclosed facts.
TL;DR: Insider sold shares to cover tax from RSU settlements; transactions and prices are disclosed, overall investor impact appears neutral.
The Form 4 reports RSU conversions totaling 238,013 shares on 08/15/2025 and sales totaling 185,820 shares on 08/18/2025 at weighted-average prices of $8.3947 and $8.4354. The filing indicates the sales were for tax liabilities and the remaining reported beneficial ownership is 346,535 Class A shares. These are compensatory equity events and routine sell-to-cover actions; they do not, by themselves, indicate a change in company fundamentals based on the disclosed facts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 67,139 | $8.3947 | $564K |
| Sale | Class A Common Stock | 118,681 | $8.4354 | $1.00M |
| Exercise | Restricted Stock Unit (RSU) | 68,681 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 50,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 119,332 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 68,681 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 119,332 | $0.00 | $0.00 |
Footnotes (8)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.3900 to $8.4202 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.
- F4. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 3, 2024.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.3400 to $8.5000 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.
- F6. The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.
- F7. The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
- F8. The RSUs vest as to 12.50% of the total shares quarterly, commencing November 15, 2024, 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.
FAQ
What insider transactions did Peloton CFO Elizabeth Coddington report in Form 4 (PTON)?
Were any sales executed under a trading plan in the Form 4 filing?
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