Peloton (NASDAQ: PTON) CPO settles RSUs, withholds 61,773 shares for taxes
Rhea-AI Filing Summary
Peloton Interactive Chief Product Officer Nick V. Caldwell reported routine equity compensation activity involving Restricted Stock Units (RSUs). On June 15, 2026, 115,740 RSUs converted into the same number of Class A Common shares at a stated price of $0.00 per share.
Of these, 61,773 shares were withheld at $5.80 per share to cover his tax liability related to the RSU vesting, which is not an open-market sale. Following these transactions, Caldwell directly holds 990,062 shares of Peloton Class A Common Stock and 578,704 RSUs.
The RSU grant vests 25% of the total shares on November 1, 2024, then 6.25% quarterly from December 15, 2024, until full vesting on September 15, 2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 53,967 shares
Net Buy
3 txns
Insider
Caldwell Nick V.
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 115,740 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 115,740 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 61,773 | $5.80 | $358K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 578,704 shares (Direct);
Class A Common Stock — 990,062 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. Shares withheld to cover the Reporting Person's tax liability with respect to the settlement of RSUs that vested on June 15, 2026.
- F3. The RSUs vest as to 25% of the total shares on November 1, 2024, then 6.25% of the total shares vest quarterly, commencing December 15, 2024, with 100% of the total shares vested on September 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
Key Figures
RSUs converted: 115,740 shares
Tax-withheld shares: 61,773 shares at $5.80
Shares held after transaction: 990,062 shares
+4 more
7 metrics
RSUs converted
115,740 shares
RSUs converted to Class A Common Stock on June 15, 2026
Tax-withheld shares
61,773 shares at $5.80
Shares withheld to cover tax liability on RSU vesting
Shares held after transaction
990,062 shares
Direct Class A Common Stock holdings after June 15, 2026
RSUs remaining
578,704 units
Restricted Stock Units remaining after conversion transaction
Initial cliff vest
25% of total RSUs
Vesting on November 1, 2024, subject to continued service
Ongoing vesting rate
6.25% quarterly
Quarterly RSU vesting starting December 15, 2024
Full vesting date
September 15, 2027
Date when 100% of RSUs are scheduled to be vested
Key Terms
Restricted Stock Unit ("RSU"), tax liability, vest, Class A Common Stock
4 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share..."
tax liability financial
"Shares withheld to cover the Reporting Person's tax liability with respect to the settlement..."
vest financial
"The RSUs vest as to 25% of the total shares on November 1, 2024, then 6.25%..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Class A Common Stock financial
"Each RSU represents a contingent right to 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
What insider transactions did Peloton (PTON) CPO Nick Caldwell report?
Nick Caldwell reported RSU vesting that converted 115,740 Restricted Stock Units into Class A Common Stock. A portion of these shares was withheld to cover taxes, while the remaining shares increased his direct equity position in Peloton.
What RSU vesting schedule applies to Nick Caldwell’s Peloton (PTON) grant?
Caldwell’s RSUs vest 25% of total shares on November 1, 2024, then 6.25% of total shares quarterly starting December 15, 2024. All RSUs are scheduled to be fully vested by September 15, 2027, subject to continued service.
Is Nick Caldwell’s Peloton (PTON) Form 4 a stock sale in the market?
The filing shows tax-withholding dispositions rather than open-market sales. Shares were automatically withheld at $5.80 per share to satisfy tax obligations on vested RSUs, a common administrative mechanism that does not reflect discretionary selling activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
