DNB Asset Management reports 6.61% stake in Peloton (PTON)

Rhea-AI Filing Summary

Peloton Interactive, Inc. DNB Asset Management reported beneficial ownership of 22,685,343 shares of Class A Common Stock, representing 6.61% of the class as of 03/31/2026. The filing states DNB has sole voting and sole dispositive power over these shares. The filing was signed by Jens Kildal on 05/14/2026.

Insights

Institutional Ownership Analyst

Large passive stake reported by a Norway-based asset manager.

DNB Asset Management holds 22,685,343 shares (6.61%) of Peloton Class A common stock as of 03/31/2026. The position is reported with sole voting and dispositive power, indicating direct control over voting decisions for this block.

Concentration at this level can affect shareholder votes and potential engagement; subsequent filings may show changes in position or disclosure of intent.

Corporate Governance Specialist

Disclosure clarifies voting and disposition authority for a material holder.

The Schedule 13G lists sole voting power and sole dispositive power for the entire 22,685,343-share position. This clarifies that DNB acts as the controlling holder of these shares rather than in a shared capacity.

As a passive investor filing a Schedule 13G, the report signals ownership without an expressed activist intent; any change in intent would trigger different reporting obligations.

Key Figures

Shares beneficially owned: 22,685,343 shares Percent of class: 6.61% Voting power: 22,685,343 shares (sole) +1 more

4 metrics

Shares beneficially owned 22,685,343 shares Class A Common Stock as of 03/31/2026

Percent of class 6.61% Percent of Class A Common Stock reported

Voting power 22,685,343 shares (sole) Sole voting power reported in Schedule 13G

Dispositive power 22,685,343 shares (sole) Sole dispositive power reported in Schedule 13G

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power

3 terms

Schedule 13G regulatory

"Item 1. Name of issuer... Item 2. Name of person filing: DNB Asset Management"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4. Ownership (a) Amount beneficially owned: 22,685,343"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4. (iii) Sole power to dispose: 22,685,343"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Peloton Interactive, Inc.

(Name of Issuer)

Class A Common Stock, $0.000025 par value per share

(Title of Class of Securities)

70614W100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 70614W100

1

Names of Reporting Persons

DNB Asset Management AS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORWAY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 22,685,343.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 22,685,343.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,685,343.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.61 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Peloton Interactive, Inc.
(b)	Address of issuer's principal executive offices: 441 Ninth Avenue, 6th Floor, New York, NY, 10001
Item 2.
(a)	Name of person filing: DNB Asset Management AS
(b)	Address or principal business office or, if none, residence: Dronning Eufemias Gate 30, 0191 Oslo, Norway
(c)	Citizenship: Citizenship is set forth in Row 4 of the cover page for the Reporting Person and is incorporated herein by reference.
(d)	Title of class of securities: Class A Common Stock, $0.000025 par value per share
(e)	CUSIP Number(s): 70614W100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 22,685,343
(b)	Percent of class: 6.61% deemed beneficially owned
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 22,685,343
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 22,685,343
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DNB Asset Management AS

Signature:	/s/ Jens Kildal
Name/Title:	Head of Reporting
Date:	05/14/2026

FAQ

What stake does DNB Asset Management report in PTON?

DNB Asset Management reports ownership of 22,685,343 shares of Class A common stock. The filing states this equals 6.61% of the Class A shares as of 03/31/2026, with sole voting and dispositive power.

Does the Schedule 13G indicate DNB will change Peloton's management?

No; the filing merely reports beneficial ownership and voting power. It does not state any plan to influence management or nominate directors; Schedule 13G filings typically indicate passive ownership.

What authority does DNB have over the reported shares?

The filing states DNB has sole voting power and sole dispositive power over all 22,685,343 shares. This indicates DNB can vote and direct dispositions of the shares it reports.

What are the filing and signature dates on the report?

The beneficial ownership is reported as of 03/31/2026 and the Schedule 13G was signed by Jens Kildal on 05/14/2026. These dates are shown on the cover and signature block.

Is this a Schedule 13G or a Schedule 13D disclosure for PTON?

This is a Schedule 13G filing, which reports beneficial ownership by a passive investor. The filing does not make the activist statements or intentions that would trigger a Schedule 13D.