Peloton CPO awarded 273,623 RSUs vesting to 2029

Peloton’s Chief Product Officer received a large performance-based RSU award that will vest through August 2029.

Rhea-AI Filing Summary

PELOTON INTERACTIVE, INC. (PTON) reported that Chief Product Officer Nick V. Caldwell acquired 273,623 Restricted Stock Units (RSUs) on September 7, 2026, tied to the company’s Class A Common Stock. The award was earned upon meeting performance criteria from performance stock units granted on September 14, 2025, and is subject to multi-year vesting and continued service.

Insider Trade Summary

Grant/Award: 273,623 shares

Grant/Award 1 txn

Insider Caldwell Nick V.

Role Chief Product Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU) F1, F2, F3	273,623	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit (RSU) — 273,623 contracts (Direct)

Footnotes (3)

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. Acquired upon the satisfaction of performance criteria underlying an award of performance stock units granted to the Reporting Person on September 14, 2025.
3. F3. The RSUs vest as to 31.25% of the total shares on November 15, 2026, then 6.25% of the total shares vest quarterly thereafter, with 100% of the total shares vested on August 15, 2029, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Key Figures

RSUs granted: 273,623 units Initial vesting portion: 31.25% Ongoing vesting rate: 6.25% quarterly +2 more

5 metrics

RSUs granted 273,623 units Grant to Chief Product Officer Nick V. Caldwell on September 7, 2026

Initial vesting portion 31.25% Portion of RSUs vesting on November 15, 2026

Ongoing vesting rate 6.25% quarterly Quarterly vesting after November 15, 2026 until August 15, 2029

Final vesting date August 15, 2029 Date by which 100% of RSUs are vested, subject to continued service

Shares underlying RSUs 273,623 shares Each RSU is a contingent right to one share of Class A Common Stock

Key Terms

Restricted Stock Unit (RSU), performance stock units, Class A Common Stock, vest

4 terms

Restricted Stock Unit (RSU) financial

"Each Restricted Stock Unit ("RSU") represents a contingent right"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

performance stock units financial

"performance criteria underlying an award of performance stock units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Class A Common Stock financial

"receive 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.

vest financial

"The RSUs vest as to 31.25% of the total shares"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

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

What equity award did Peloton (PTON) grant to Chief Product Officer Nick Caldwell?

Peloton granted 273,623 RSUs to Chief Product Officer Nick V. Caldwell. Each RSU represents a contingent right to receive one share of Peloton’s Class A Common Stock, earned upon satisfaction of performance criteria from performance stock units granted on September 14, 2025.

How do the new RSUs for Peloton (PTON) executive Nick Caldwell vest?

The RSUs vest 31.25% on November 15, 2026, then 6.25% of the total shares vest quarterly thereafter, with 100% vested on August 15, 2029, subject to Nick Caldwell’s continued service to Peloton on each vesting date.

What does each RSU represent in Peloton (PTON)’s Form 4 for Nick Caldwell?

Each RSU represents a contingent right to receive one share of Peloton’s Class A Common Stock, meaning Caldwell receives actual shares only as the RSUs vest and the service condition is met.

Was Peloton (PTON) executive Nick Caldwell’s RSU award linked to prior performance criteria?

Yes. The RSUs were acquired upon satisfaction of performance criteria underlying a performance stock unit award granted to Nick Caldwell on September 14, 2025.

Does the Peloton (PTON) Form 4 indicate trades under a Rule 10b5-1 plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is affirmed for this RSU acquisition; it is reported as a grant or award rather than an open-market trade.

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

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Available on EDGAR 09/09/2026 - 05:22 PM Accepted by SEC EDGAR 09/09/2026 - 05:22 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)
09/07/2026

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)	09/07/2026		A(2)		273,623		(3)	(3)	Class A Common Stock	273,623	$0	273,623	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. Acquired upon the satisfaction of performance criteria underlying an award of performance stock units granted to the Reporting Person on September 14, 2025.

3. The RSUs vest as to 31.25% of the total shares on November 15, 2026, then 6.25% of the total shares vest quarterly thereafter, with 100% of the total shares vested on August 15, 2029, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Remarks:

	/s/ Tammy Albarran as attorney-in-fact for Nick V. Caldwell	09/09/2026
	** 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)