Peloton (NASDAQ: PTON) CPO Caldwell sells shares in preset 10b5-1 trades

Rhea-AI Filing Summary

Peloton Interactive Chief Product Officer Nick V. Caldwell reported planned stock sales under a pre-arranged Rule 10b5-1 trading plan. On January 9, 2026, he sold 75,762 shares of Peloton Class A Common Stock at a price of $7.00 per share. On January 13, 2026, he sold an additional 25,135 shares at a weighted average price of $7.0001 per share, with individual trades ranging from $7.0000 to $7.0100.

Both transactions were reported as direct holdings, and following the January 13 sale Caldwell beneficially owned 739,085 shares of Peloton Class A Common Stock. The filing notes that detailed trade-by-trade pricing information within the reported range is available upon request.

Insights

Insider transactions analyst

Chief Product Officer sold shares under a preset 10b5-1 plan, with sizeable holdings remaining.

The filing shows Nick V. Caldwell, Chief Product Officer of Peloton Interactive, executing two open-market sales of Class A Common Stock. On January 9, 2026 he sold 75,762 shares at $7.00 per share, and on January 13, 2026 he sold 25,135 shares at a weighted average price of $7.0001 per share, with individual trades in a narrow $7.0000–$7.0100 range.

The transactions are disclosed as direct ownership sales and were effected pursuant to a Rule 10b5-1 trading plan adopted on September 5, 2025, which indicates they were pre-arranged rather than discretionary at the time of sale. After the reported activity, Caldwell beneficially owns 739,085 shares of Class A Common Stock. The document notes that detailed price breakdowns within the stated range are available to the issuer, security holders, or regulators upon request.

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).

X

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^*

Caldwell Nick V.

(Last) (First) (Middle)

C/O PELOTON INTERACTIVE, INC.

441 9TH 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 Product Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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
Class A Common Stock	01/09/2026		S(1)		75,762	D	$7	764,220	D
Class A Common Stock	01/13/2026		S(1)		25,135	D	$7.0001(2)	739,085	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.0000 to $7.0100 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.

Remarks:

	/s/ Tammy Albarran as attorney-in-fact for Nick V. Caldwell	01/13/2026
	** 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.

FAQ

Who is the insider involved in this Peloton (PTON) Form 4 filing?

The filing reports transactions by Nick V. Caldwell, who serves as Chief Product Officer of Peloton Interactive, Inc.

How many Peloton (PTON) shares did Nick V. Caldwell sell and at what prices?

On January 9, 2026, he sold 75,762 Class A Common shares at $7.00 per share. On January 13, 2026, he sold 25,135 shares at a weighted average price of $7.0001 per share, with individual trades between $7.0000 and $7.0100.

How many Peloton (PTON) shares does Nick V. Caldwell own after these transactions?

Following the reported sales, Nick V. Caldwell beneficially owns 739,085 shares of Peloton Class A Common Stock.

Were Nick V. Caldwell’s Peloton (PTON) share sales under a Rule 10b5-1 trading plan?

Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 5, 2025.

What does the weighted average price mean in this Peloton (PTON) Form 4?

The filing explains that the $7.0001 price is a weighted average, with shares sold in multiple transactions at prices ranging from $7.0000 to $7.0100 per share. The reporting person will provide full trade-level pricing details upon request.

Are Nick V. Caldwell’s Peloton (PTON) shares held directly or indirectly?

The transactions in the filing are reported as direct (D) ownership, with no separate nature of indirect beneficial ownership listed.