Peloton grants 916K RSUs to product chief

Caldwell Nick V. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Caldwell Nick V. reported acquisition or exercise transactions in this Form 4 filing.

Peloton Interactive, Inc. granted Chief Product Officer Nick V. Caldwell 916,231 Restricted Stock Units (RSUs), each representing a right to receive one share of Class A Common Stock. This is a stock-based compensation award, not an open-market share purchase or sale.

The RSUs vest over time: 1/12 of the total grant vests on November 15, 2026, and an additional 1/12 vests quarterly thereafter. Vesting is contingent on Caldwell continuing to provide services to Peloton on each vesting date. After this grant, he directly holds 916,231 RSUs reported in this filing.

Insider Trade Summary

Grant/Award: 916,231 shares

Grant/Award 1 txn

Insider Caldwell Nick V.

Role Chief Product Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU)	916,231	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit (RSU) — 916,231 contracts (Direct)

Footnotes (2)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
2. F2. The RSUs vest as to 1/12th of the total number of shares on November 15, 2026, and 1/12th of the total grant vests quarterly thereafter, in each case subject to the Reporting Person's provision of service to the Issuer on each such vesting date.

Key Figures

RSUs granted: 916,231 RSUs Initial vesting date: November 15, 2026 Post-transaction RSU holdings: 916,231 RSUs +1 more

4 metrics

RSUs granted 916,231 RSUs Grant to Chief Product Officer Nick V. Caldwell

Initial vesting date November 15, 2026 1/12 of RSU grant vests on this date

Post-transaction RSU holdings 916,231 RSUs Direct holdings reported after the grant

RSU-to-share ratio 1 RSU : 1 share Each RSU equals one Class A Common Stock share when vested

Key Terms

Restricted Stock Unit ("RSU"), contingent right, Class A Common Stock, vests quarterly, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share..."

contingent right financial

"represents a contingent right to receive one share of the Issuer's Class A Common Stock"

Class A Common Stock financial

"one share of the Issuer's Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vests quarterly financial

"1/12th of the total grant vests quarterly thereafter"

Reporting Person's provision of service financial

"subject to the Reporting Person's provision of service to the Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Peloton (PTON) disclose in Nick Caldwell's latest Form 4?

Peloton disclosed that Chief Product Officer Nick V. Caldwell received a grant of 916,231 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Peloton’s Class A Common Stock, subject to a multi-year service-based vesting schedule.

How many RSUs did Peloton (PTON) grant to Chief Product Officer Nick Caldwell?

Peloton granted Nick Caldwell 916,231 Restricted Stock Units. These RSUs are a form of equity compensation and do not involve an open-market transaction. Each unit can convert into one share of Class A Common Stock as vesting conditions are satisfied over time.

What is the vesting schedule for Nick Caldwell’s 916,231 Peloton (PTON) RSUs?

The RSUs vest as to 1/12 of the total on November 15, 2026, with an additional 1/12 vesting quarterly thereafter. Vesting on each date requires Caldwell to continue providing services to Peloton, aligning the award with ongoing employment and performance.

Did Nick Caldwell buy or sell Peloton (PTON) shares in this Form 4 filing?

No open-market buy or sell occurred. The Form 4 reports a grant of 916,231 Restricted Stock Units as compensation. RSUs are a promise of future shares, not an immediate stock purchase or sale, and become shares only as vesting conditions are met.

How many Peloton (PTON) RSUs does Nick Caldwell hold after this transaction?

Following this grant, Nick Caldwell is reported as directly holding 916,231 Restricted Stock Units. These units will convert into Class A Common Stock only as they vest under the specified schedule, assuming he continues providing services on each vesting date.

What does each Peloton (PTON) RSU granted to Nick Caldwell represent?

Each RSU represents a contingent right to receive one share of Peloton’s Class A Common Stock. The units have a stated price of $0.00 in the filing because they are compensation awards, not purchased securities, and convert into shares as vesting requirements are satisfied.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:21 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Caldwell Nick V.

(Last) (First) (Middle)

C/O PELOTON INTERACTIVE, INC.

441 9TH AVENUE, SIXTH FLOOR

(Street)

NEW YORK NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PELOTON INTERACTIVE, INC. [ PTON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit (RSU)	(1)	04/01/2026		A		916,231		(2)	(2)	Class A Common Stock	916,231	$0	916,231	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. The RSUs vest as to 1/12th of the total number of shares on November 15, 2026, and 1/12th of the total grant vests quarterly thereafter, in each case subject to the Reporting Person's provision of service to the Issuer on each such vesting date.

Remarks:

	/s/ Tammy Albarran as attorney-in-fact for Nick V. Caldwell	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)