Peloton CEO gets 1.29M-share RSU grant among awards

Peloton’s President and CEO received multiple RSU awards that vest between 2026 and 2030 after performance criteria from a 2025 grant were satisfied.

Rhea-AI Filing Summary

PELOTON INTERACTIVE, INC. (PTON) reported that President and CEO Peter C. Stern received three grants of Restricted Stock Units (RSUs) on September 7, 2026, each RSU representing one share of Class A Common Stock upon vesting. One award of 196,328 RSUs vests 100% on September 15, 2026, another of 664,015 RSUs vests 31.25% on November 15, 2026 with the remainder vesting 6.25% quarterly through August 15, 2029, and a third award of 1,290,878 RSUs vests 6.25% on November 15, 2026 with the balance vesting 6.25% quarterly through August 15, 2030. The RSUs were acquired upon satisfaction of performance criteria underlying performance stock units granted on September 14, 2025 and require continued service on each vesting date.

Insider Trade Summary

Grant/Award: 2,151,221 shares

Grant/Award 3 txns

Insider Stern Peter C

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU) F1, F2, F3	196,328	$0.00	$0.00
Grant/Award	Restricted Stock Unit (RSU) F1, F2, F4	664,015	$0.00	$0.00
Grant/Award	Restricted Stock Unit (RSU) F1, F5	1,290,878	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit (RSU) — 2,151,221 contracts (Direct)

Footnotes (5)

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 100% of the total shares on September 15, 2026, subject to the Reporting Person's provision of service to the Issuer on the vesting date.
4. F4. 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.
5. F5. The RSUs vest as to 6.25% 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, 2030, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

Key Figures

RSU grant 1 size: 196,328 RSUs RSU grant 1 vesting: 100% on September 15, 2026 RSU grant 2 size: 664,015 RSUs +4 more

7 metrics

RSU grant 1 size 196,328 RSUs Restricted Stock Units granted to Peter C. Stern on September 7, 2026

RSU grant 1 vesting 100% on September 15, 2026 Vesting schedule for 196,328 RSUs, subject to continued service

RSU grant 2 size 664,015 RSUs Restricted Stock Units granted to Peter C. Stern on September 7, 2026

RSU grant 2 vesting completion August 15, 2029 31.25% vests November 15, 2026, then 6.25% quarterly to this date

RSU grant 3 size 1,290,878 RSUs Restricted Stock Units granted to Peter C. Stern on September 7, 2026

RSU grant 3 vesting completion August 15, 2030 6.25% vests November 15, 2026, then 6.25% quarterly to this date

Performance stock unit grant date September 14, 2025 Original performance stock units whose criteria triggered the RSU acquisitions

Key Terms

Restricted Stock Unit ("RSU"), performance stock units, vesting date, Class A Common Stock

4 terms

Restricted Stock Unit ("RSU") financial

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

performance stock units financial

"underlying an award of performance stock units granted"

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.

vesting date financial

"subject to the Reporting Person's provision of service to the Issuer on the vesting date"

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.

FAQ

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

What did Peloton (PTON) disclose in this Form 4 for Peter C. Stern?

Peloton disclosed that President and CEO Peter C. Stern received three RSU awards on September 7, 2026, all representing rights to receive Class A Common Stock upon vesting, following satisfaction of performance criteria from a prior performance stock unit grant.

How many RSUs were granted to the Peloton (PTON) CEO in this filing?

Peter C. Stern received three grants: 196,328 RSUs, 664,015 RSUs, and 1,290,878 RSUs. Each RSU represents a contingent right to receive one share of Peloton’s Class A Common Stock when it vests, subject to continued service.

What are the vesting schedules for the new Peloton (PTON) RSU awards?

One 196,328 RSU award vests 100% on September 15, 2026. The 664,015 RSU award vests 31.25% on November 15, 2026, then 6.25% quarterly to August 15, 2029. The 1,290,878 RSU award vests 6.25% on November 15, 2026, then 6.25% quarterly to August 15, 2030.

Are the Peloton (PTON) CEO’s RSUs tied to performance conditions?

Yes. The RSUs were acquired upon satisfaction of performance criteria underlying an award of performance stock units granted to Peter C. Stern on September 14, 2025, and they remain subject to his continued service on each vesting date.

Were these Peloton (PTON) RSU grants made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates no Rule 10b5-1 trading plan for these transactions, and there is no footnote stating that the RSU grants were made pursuant to such a plan.

Do the Peloton (PTON) Form 4 transactions involve open-market stock purchases or sales?

No. The filing reports grant or award acquisitions of RSUs at a stated price of $0.00 per unit. There are no open-market purchases or sales of Peloton Class A Common Stock reported in this Form 4.

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

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Available on EDGAR 09/09/2026 - 05:20 PM Accepted by SEC EDGAR 09/09/2026 - 05:20 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^*

Stern Peter C

(Last) (First) (Middle)

C/O PELOTON INTERACTIVE, INC.

441 NINTH 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)

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

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)		196,328		(3)	(3)	Class A Common Stock	196,328	$0	196,328	D
Restricted Stock Unit (RSU)	(1)	09/07/2026		A(2)		664,015		(4)	(4)	Class A Common Stock	664,015	$0	664,015	D
Restricted Stock Unit (RSU)	(1)	09/07/2026		A		1,290,878(5)		(5)	(5)	Class A Common Stock	1,290,878	$0	1,290,878	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 100% of the total shares on September 15, 2026, subject to the Reporting Person's provision of service to the Issuer on the vesting date.

4. 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.

5. The RSUs vest as to 6.25% 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, 2030, 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	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)