Peloton (NASDAQ: PTON) COO sells shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peloton Interactive’s Chief Operating Officer, Charles Peter Kirol, reported several equity transactions. He exercised 17,225 Restricted Stock Units (RSUs), each converting into one share of Class A common stock at a price of $0.00 per share, increasing his direct stock holdings.
On a separate date, he executed an open‑market sale of 6,419 Class A shares at a weighted‑average price of $4.1361 per share. A footnote states the sale was solely to cover tax liabilities from the RSU settlement. The RSU award is scheduled to vest 6.25% on November 15, 2025 and 6.25% quarterly thereafter until fully vested on August 15, 2029, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,419 shares ($26,550)
Net Sell
3 txns
Insider
Kirol Charles Peter
Role
Chief Operating Officer
Sold
6,419 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,419 | $4.1361 | $27K |
| Exercise | Restricted Stock Unit (RSU) | 17,225 | $0.00 | -- |
| Exercise | Class A Common Stock | 17,225 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 88,408 shares (Direct);
Restricted Stock Unit (RSU) — 241,142 shares (Direct)
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 $4.0950 to $4.2350 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 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.
FAQ
What insider transactions did Peloton (PTON) disclose for its COO?
Peloton disclosed that COO Charles Peter Kirol exercised 17,225 RSUs into Class A common shares, then sold 6,419 shares. The sale was described as solely to cover tax liabilities related to the RSU settlement, rather than a discretionary reduction of his overall stake.
What RSU activity did Peloton (PTON) report for its COO?
Peloton reported that its COO exercised 17,225 Restricted Stock Units, each converting into one share of Class A common stock at $0.00 per share. This increased his direct share ownership and reflects equity compensation vesting rather than an open‑market stock purchase.
What is the vesting schedule for the COO’s Peloton RSUs?
The RSUs vest 6.25% of the total shares on November 15, 2025, then 6.25% quarterly, reaching full vesting on August 15, 2029. Vesting remains contingent on the COO’s continued service to Peloton on each scheduled vesting date throughout the period.