[Form 4] Peloton Interactive, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Christopher Bruzzo, a director of Peloton Interactive, Inc. (PTON), reported acquisition of restricted stock units that vested on 09/03/2025. Two RSU grants converted into Class A common stock: 6,349 shares and 366 shares, which together increased his reported beneficial ownership by 6,715 shares to a reported total of 206,489 shares following the transactions. The RSUs each represent a contingent right to one share and vest on a schedule that allocated 25% quarterly on March 3, June 3 and September 3, 2025, with the final 25% vesting on the earlier of December 3, 2025 or the 2025 annual meeting, subject to continued service. The Form 4 was signed by Tammy Albarran as attorney-in-fact on 09/05/2025.

Positive

• Director alignment: Vesting converted RSUs into 6,715 Class A shares, increasing the reporting person’s stake and aligning interests with shareholders
• Clear disclosure: Form 4 specifies vesting schedule and conversion of RSUs into common stock with an attorney-in-fact signature, meeting reporting requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director RSU vesting added 6,715 shares to insider holdings, a non-material change for a public company the size of Peloton.

The filing documents standard vesting-driven share acquisitions by a board member rather than open-market purchases or sales. The total incremental ownership of 6,715 shares resulted from two RSU conversions on 09/03/2025. This is typical compensation settlement and does not by itself indicate a change in company fundamentals or capital structure. Reporting appears complete with a clear vesting schedule and attorney-in-fact signature.

Corporate Governance Expert

TL;DR: Vesting of director RSUs reflects standard equity compensation and aligns director incentives with shareholders.

The Form 4 shows RSUs converting to Class A shares under the stated vesting timetable and subject to continued service, which is customary for director compensation. Disclosure includes vesting mechanics and the reporting signature, meeting Section 16 reporting norms. No departures, option exercises, or unusual transfer codes are present.

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).

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^*

Bruzzo Chris

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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
Class A Common Stock	09/03/2025		M		6,349	A	(1)	206,123	D
Class A Common Stock	09/03/2025		M		366	A	(1)	206,489	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
Restricted Stock Unit (RSU)	(1)	09/03/2025		M			6,349	(2)	(2)	Class A Common Stock	6,349	$0	6,349	D
Restricted Stock Unit (RSU)	(1)	09/03/2025		M			366	(2)	(2)	Class A Common Stock	366	$0	365	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 25% of the total shares quarterly on each of March 3, 2025, June 3, 2025 and September 3, 2025, with the final 25% vesting on the earlier of (i) December 3, 2025 and (ii) the 2025 annual stockholders meeting, 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 Christopher Bruzzo	09/05/2025
	** 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.
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FAQ

What did Christopher Bruzzo report on the Form 4 for PTON?

The Form 4 reports the vesting and conversion of RSUs into 6,349 and 366 shares on 09/03/2025, totaling 6,715 shares added to his beneficial ownership.

How many shares did Bruzzo own after the reported transactions?

The filing shows beneficial ownership of 206,489 Class A shares following the reported transactions.

What is the vesting schedule described in the Form 4?

The RSUs vest 25% on each of March 3, 2025, June 3, 2025 and September 3, 2025, with the final 25% vesting on the earlier of December 3, 2025 or the 2025 annual stockholders meeting, subject to continued service.

Were these shares purchased or were they RSU conversions?

They were conversions of Restricted Stock Units (RSUs) into Class A common stock; the RSUs represent a contingent right to one share each.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Tammy Albarran as attorney-in-fact for Christopher Bruzzo and dated 09/05/2025.