Peloton (NASDAQ: PTON) officer Baig sells shares via 10b5-1 plan trade
Rhea-AI Filing Summary
Peloton Interactive, Inc. (PTON) disclosed that its Chief Accounting Officer, Saqib Baig, sold shares of the company’s Class A Common Stock in two open-market transactions. On January 9, 2026, he sold 5,000 shares at a price of $6.95 per share. On January 13, 2026, he sold an additional 10,000 shares at a weighted average price of $6.868 per share.
The filing states that these sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on September 2, 2025, which is designed to allow insiders to sell stock according to a preset schedule. After these transactions, Baig directly beneficially owned 170,665.47 shares of Peloton Class A Common Stock.
Positive
- None.
Negative
- None.
FAQ
Who is the insider involved in this Peloton (PTON) Form 4 filing?
The insider is Saqib Baig, who serves as Chief Accounting Officer of Peloton Interactive, Inc. according to the filing.
How many Peloton (PTON) shares did Saqib Baig sell in this Form 4?
The filing reports two sales of Peloton Class A Common Stock: 5,000 shares sold on January 9, 2026, and 10,000 shares sold on January 13, 2026.
What prices did Saqib Baig receive for the Peloton (PTON) shares sold?
On January 9, 2026, shares were sold at $6.95 per share. On January 13, 2026, shares were sold at a $6.868 weighted average price, with individual trades ranging from $6.6000 to $7.0000 per share.
Were the Peloton (PTON) stock sales by Saqib Baig under a Rule 10b5-1 plan?
Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Saqib Baig on September 2, 2025.
How many Peloton (PTON) shares does Saqib Baig own after these transactions?
After the reported sales, Saqib Baig beneficially owned 170,665.47 shares of Peloton Class A Common Stock, held with direct ownership.
What does the weighted average price mean in this Peloton (PTON) Form 4?
The filing explains that the $6.868 reported price is a weighted average, as the January 13, 2026 sale involved multiple trades at prices between $6.6000 and $7.0000 per share.