Peloton (NASDAQ: PTON) interim CFO exercises RSUs, sells shares to cover taxes

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Peloton Interactive’s interim CFO and CAO, Saqib Baig, reported a combination of equity award settlements and a related share sale. On May 15, 2026, he exercised restricted stock units that delivered a total of 80,035 shares of Class A Common Stock at a conversion price of $0.00 per share.

On May 18, 2026, he then completed an open-market sale of 29,075 shares of Class A Common Stock at a weighted average price of $5.2744 per share, with individual trades ranging from $5.2450 to $5.3350 per share. The footnotes state this sale was undertaken solely to cover his tax liability arising from the RSU settlements.

Following these transactions, Baig directly holds 250,019.47 shares of Peloton Class A Common Stock. The RSUs referenced in the filing continue to vest on scheduled quarterly dates through November 15, 2026, August 15, 2027, and February 15, 2028, conditioned on continued service.

Insider Trade Summary

Net Seller: 29,075 shares ($153,353)

Net Sell 11 txns

Insider Baig Saqib

Role Interim CFO, CAO

Sold 29,075 shs ($153K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	29,075	$5.2744	$153K
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)	24,762	$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	24,762	$0.00	--
Exercise	Class A Common Stock	17,498	$0.00	--

Holdings After Transaction: Class A Common Stock — 250,019.47 shares (Direct, null); Restricted Stock Unit (RSU) — 39,946 shares (Direct, null)

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 $5.2450 to $5.3350 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 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.

Key Figures

Shares sold: 29,075 shares Weighted average sale price: $5.2744 per share RSU shares settled: 80,035 shares +3 more

6 metrics

Shares sold 29,075 shares Open-market sale on May 18, 2026 at weighted average price

Weighted average sale price $5.2744 per share Sale of 29,075 shares on May 18, 2026

RSU shares settled 80,035 shares Total derivative exercises (RSU settlements) reported in summary

Shares held after transactions 250,019.47 shares Direct Class A Common Stock holdings post-transaction

Sale price range $5.2450–$5.3350 per share Range of prices for May 18, 2026 sale transactions

RSU vesting milestone 100% by November 15, 2026 One RSU grant vests fully by this date

Key Terms

Restricted Stock Unit ("RSU"), tax liability, weighted average price, vests as to 25% of the total shares, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

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

tax liability financial

"The sale of shares is for the sole purpose of covering the Reporting Person's tax liability"

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

vests as to 25% of the total shares financial

"The RSU vests as to 25% of the total shares on November 15, 2023, then 6.25%"

vests as to 6.25% of the total shares quarterly financial

"The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023"

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Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 05:28 PM

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^*

Baig Saqib

(Last)

(First)

(Middle)

C/O PELOTON INTERACTIVE, INC.

441 NINTH AVENUE, SIXTH FLOOR

(Street)

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)
	Interim CFO, CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/15/2026		M		19,973	A	⁽¹⁾	219,032.47	D
Class A Common Stock	05/15/2026		M		7,500	A	⁽¹⁾	226,532.47	D
Class A Common Stock	05/15/2026		M		10,302	A	⁽¹⁾	236,834.47	D
Class A Common Stock	05/15/2026		M		24,762	A	⁽¹⁾	261,596.47	D
Class A Common Stock	05/15/2026		M		17,498	A	⁽¹⁾	279,094.47	D
Class A Common Stock	05/18/2026		S⁽²⁾		29,075	D	$5.2744⁽³⁾	250,019.47	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit (RSU)	⁽¹⁾	05/15/2026		M			19,973	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	19,973	$0	39,946	D
Restricted Stock Unit (RSU)	⁽¹⁾	05/15/2026		M			7,500	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	7,500	$0	37,500	D
Restricted Stock Unit (RSU)	⁽¹⁾	05/15/2026		M			10,302	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	10,302	$0	72,116	D
Restricted Stock Unit (RSU)	⁽¹⁾	05/15/2026		M			24,762	⁽⁷⁾	⁽⁷⁾	Class A Common Stock	24,762	$0	24,761	D
Restricted Stock Unit (RSU)	⁽¹⁾	05/15/2026		M			17,498	⁽⁸⁾	⁽⁸⁾	Class A Common Stock	17,498	$0	157,480	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 $5.2450 to $5.3350 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 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.

5. 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.

6. 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.

7. 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.

8. 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.

Remarks:

	/s/ Tammy Albarran as attorney-in-fact for Saqib Baig	05/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Peloton (PTON) interim CFO Saqib Baig report?

Saqib Baig reported exercising RSU awards into Class A Common Stock and then selling 29,075 shares. The transactions combined equity compensation settlement with a follow-on sale tied to tax obligations arising from those RSU settlements.

How many Peloton (PTON) shares did Saqib Baig sell and at what price?

He sold 29,075 shares of Peloton Class A Common Stock at a weighted average price of $5.2744 per share. Footnotes note multiple trades between $5.2450 and $5.3350, with detailed price breakdowns available upon request.

Why did Peloton (PTON) interim CFO Saqib Baig sell shares in this Form 4?

The filing states the sale was solely to cover Baig’s tax liability from settlement of his restricted stock units. This indicates the disposition was a tax-related liquidity event rather than a discretionary portfolio rebalancing unrelated to compensation.

How many Peloton (PTON) shares does Saqib Baig own after these transactions?

After the reported RSU settlements and the subsequent sale, Baig directly holds 250,019.47 shares of Peloton Class A Common Stock. This post-transaction balance reflects his remaining equity stake visible in this Form 4 filing.

What Peloton (PTON) RSU activity did Saqib Baig report in this Form 4?

Baig reported multiple RSU settlements into a total of 80,035 Class A Common shares at a conversion price of $0.00. These RSUs convert into shares as they vest, reflecting previously granted equity compensation becoming directly owned stock.

How do Saqib Baig’s Peloton (PTON) RSUs vest over time?

The footnotes describe several RSU grants that vest in quarterly installments, with full vesting schedules running through November 15, 2026, August 15, 2027, and February 15, 2028, subject to Baig’s continued service with Peloton on each vesting date.