PTON Form 4: Charles Kirol Receives 275,591 RSUs, Vesting Through 2029

Rhea-AI Filing Summary

Charles P. Kirol, Chief Operating Officer of Peloton Interactive, Inc. (PTON), was granted 275,591 Restricted Stock Units (RSUs) on 09/14/2025. Each RSU converts to one share of the company's Class A common stock and the reported grant results in beneficial ownership of 275,591 shares by the reporting person following the transaction. The RSUs carry a $0 purchase price and vest over time: 6.25% of the total grant vests on November 15, 2025, then 6.25% vests quarterly thereafter, with full vesting scheduled for August 15, 2029, subject to continued service on each vesting date. The Form 4 was signed on 09/16/2025 by an attorney-in-fact for Mr. Kirol.

Positive

• Clear disclosure of a time-based RSU award with specific vesting schedule and share amount (275,591 RSUs).
• Long-term vesting (final vesting on August 15, 2029) which aligns executive compensation with extended company performance and retention goals.

Negative

• None.

Insights

Compensation Analyst

TL;DR: A standard multi-year RSU grant aligning executive pay with long-term shareholder value.

The grant of 275,591 RSUs to the COO is a sizable equity award that vests over approximately four years and nine months, with an initial partial vesting in November 2025 and quarterly vesting thereafter until August 15, 2029. Such a schedule is consistent with long-term retention and performance alignment practices; the report shows direct beneficial ownership of 275,591 shares post-grant and a $0 purchase price, indicating these are time-based RSUs rather than purchases. The award size should be evaluated versus peer packages and the company's outstanding share count for full context, which is not included in this filing.

Corporate Governance Expert

TL;DR: Disclosure is routine and complies with Section 16 reporting requirements.

The Form 4 cleanly discloses the issuance and vesting terms of RSUs to an officer (COO). The filing includes the exact grant amount, vesting cadence, and statement that each RSU converts to one share of Class A common stock. The signature by an attorney-in-fact on 09/16/2025 fulfills execution requirements. There are no indications of accelerated vesting, derivative instruments, or indirect ownership in this filing.

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).

1. Name and Address of Reporting Person^*

Kirol Charles Peter

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2025

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

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)	09/14/2025		A		275,591		(2)	(2)	Class A Common Stock	275,591	$0	275,591	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 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 Charles P. Kirol	09/16/2025
	** 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 transaction did PTON insider Charles P. Kirol report on Form 4?

The Form 4 reports the acquisition of 275,591 Restricted Stock Units (RSUs) by Charles P. Kirol on 09/14/2025.

How many shares will Charles Kirol beneficially own after the reported transaction?

The filing shows beneficial ownership of 275,591 shares following the reported RSU grant.

What is the vesting schedule for the RSUs granted to the PTON COO?

The RSUs vest 6.25% on November 15, 2025, then 6.25% quarterly thereafter, with 100% vesting on August 15, 2029, subject to continued service.

What price was paid for the RSUs reported on the Form 4?

The RSUs were reported with a $0 price, indicating they are granted rather than purchased.

When was the Form 4 signed and who signed it?

The Form 4 was signed on 09/16/2025 by Tammy Albarran as attorney-in-fact for Charles P. Kirol.