[Form 4] PELOTON INTERACTIVE, INC. Insider Trading Activity

Rhea-AI Filing Summary

Peloton Interactive (PTON) President and CEO Peter C. Stern reported equity transactions related to his compensation. On November 15, 2025, 59,713 Restricted Stock Units (RSUs) converted into an equal number of Class A Common shares, increasing his directly held shares before subsequent activity to 189,934. RSUs are stock-based awards that convert into shares over time as service-based conditions are met.

On November 17, 2025, he sold 31,456 Class A Common shares at a weighted average price of $7.2697 per share, solely to cover tax obligations arising from the RSU settlement. After these transactions, he directly owned 158,478 Class A Common shares and continued to hold 895,702 RSUs, which are scheduled to vest gradually through August 15, 2029, as long as he continues providing services to Peloton.

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

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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^*

Stern Peter C

(Last) (First) (Middle)

C/O PELOTON INTERACTIVE, INC.

441 NINTH AVENUE, SIXTH FLOOR

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

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

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

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

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
Class A Common Stock	11/15/2025		M		59,713	A	(1)	189,934	D
Class A Common Stock	11/17/2025		S(2)		31,456	D	$7.2697(3)	158,478	D

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)	11/15/2025		M			59,713	(4)	(4)	Class A Common Stock	59,713	$0	895,702	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 sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.2250 to $7.2950 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.

4. The RSUs vest as to 6.25% of the total shares on November 15, 2025, 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 Peter C. Stern	11/18/2025
	** 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.

FAQ

What insider transaction did Peloton (PTON) report for its CEO?

Peloton reported that President and CEO Peter C. Stern had 59,713 RSUs convert into Class A Common shares on November 15, 2025, and then sold 31,456 of those shares on November 17, 2025 to cover tax liabilities.

How many Peloton (PTON) shares does the CEO own after the reported Form 4 transactions?

After the reported transactions, Peter C. Stern directly owned 158,478 shares of Peloton Class A Common Stock and held 895,702 RSUs that may convert into additional shares over time.

What price did the Peloton (PTON) CEO receive for the shares sold?

The 31,456 Class A Common shares were sold at a weighted average price of $7.2697 per share, with individual trades executed between $7.2250 and $7.2950 per share.

Why did the Peloton (PTON) CEO sell shares in this Form 4 filing?

The filing states that the shares were sold solely to cover the reporting person’s tax liability related to the settlement of the vested RSUs, rather than for discretionary cash purposes.

How do the Peloton (PTON) RSUs for the CEO vest over time?

The RSUs vest as to 6.25% of the total shares on November 15, 2025, and then 6.25% of the total shares vest quarterly thereafter, with 100% vested by August 15, 2029, assuming continued service to Peloton.

What does each RSU represent for Peloton (PTON) insiders in this filing?

Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Peloton’s Class A Common Stock upon vesting, subject to the applicable service conditions.