Peloton (PTON) CAO sells shares under 10b5-1 plan to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peloton Interactive Chief Accounting Officer Saqib Baig reported transactions involving restricted stock units and Class A common stock. On February 15, 2026, multiple RSU awards vested and were exercised on a one-for-one basis into Class A shares at $0.0000 per share. Following these conversions, Baig held 250,699.47 Class A shares directly.
On February 17 and 18, 2026, Baig sold a total of 36,640 Class A shares in open-market transactions at weighted average prices of $4.1382 and $4.3067 per share, within a disclosed range of $4.1100 to $4.2150. According to the footnotes, these sales were made solely to cover tax liabilities from RSU settlements and were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 2, 2025. After the sales, Baig directly owned 214,059.47 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 36,640 shares ($152,588)
Net Sell
12 txns
Insider
Baig Saqib
Role
Chief Accounting Officer
Sold
36,640 shs ($153K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,722 | $4.3067 | $25K |
| Sale | Class A Common Stock | 30,918 | $4.1382 | $128K |
| Exercise | Restricted Stock Unit (RSU) | 19,973 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 7,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 10,302 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 24,761 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 17,498 | $0.00 | -- |
| Exercise | Class A Common Stock | 19,973 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,500 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,302 | $0.00 | -- |
| Exercise | Class A Common Stock | 24,761 | $0.00 | -- |
| Exercise | Class A Common Stock | 17,498 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 214,059.47 shares (Direct);
Restricted Stock Unit (RSU) — 59,919 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.1100 to $4.2150 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. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 2, 2025. The RSU vests as to 25% of the total shares on November 15, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on November 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date. 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. 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. 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. The RSUs vest as to 1/12 of the total shares on November 15, 2025, then 1/12 of the total shares vest quarterly thereafter, with 100% of the total shares vested on August 15, 2028, subject to the Reporting Person's provision of service to the issuer on each vesting date.
FAQ
What insider transactions did Peloton (PTON) CAO Saqib Baig report?
Saqib Baig reported RSU conversions into Class A common stock and subsequent open-market sales of 36,640 shares. The RSUs converted one-for-one into shares, increasing his holdings before he sold shares to address related tax obligations.
How do Peloton (PTON) RSUs reported by Saqib Baig vest over time?
The RSUs vest on various quarterly schedules, with some awards vesting 25% initially then 6.25% quarterly through November 15, 2026, and others vesting 6.25% or 12.50% quarterly through dates extending to August 15, 2028, contingent on continued service.