Peloton (PTON) CFO sells 21,819 shares after RSU conversion under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PELOTON INTERACTIVE, INC. Chief Financial Officer Elizabeth F. Coddington exercised restricted stock units and sold the resulting shares. On March 13, 2026, she converted 21,819 RSUs, each into one share of Class A Common Stock at a conversion price of $0.00 per share. On March 16, 2026, she sold 21,819 Class A shares in open-market transactions at a weighted average price of $3.8728 per share, pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on May 16, 2025. After these transactions, she directly holds 346,535 shares of Peloton Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 21,819 shares ($84,501)
Net Sell
3 txns
Insider
Coddington Elizabeth F
Role
Chief Financial Officer
Sold
21,819 shs ($85K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 21,819 | $3.8728 | $85K |
| Exercise | Restricted Stock Unit (RSU) | 21,819 | $0.00 | -- |
| Exercise | Class A Common Stock | 21,819 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 346,535 shares (Direct);
Restricted Stock Unit (RSU) — 21,819 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.8500 to $3.9100 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 RSU vests as to 25% of the total shares on June 13, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on June 13, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.
FAQ
What insider transaction did Peloton (PTON) report for CFO Elizabeth Coddington?
Peloton reported that CFO Elizabeth F. Coddington exercised 21,819 restricted stock units into Class A Common Stock, then sold 21,819 shares in open-market trades. These transactions were reported on a Form 4 insider filing covering activity in March 2026.
What are the terms of the Peloton (PTON) RSUs exercised by the CFO?
Each restricted stock unit represents a right to receive one Peloton Class A share. The RSU grant vests 25% on June 13, 2023, then 6.25% quarterly, with 100% vested by June 13, 2026, subject to continued service with the company.
What type of transactions are shown in this Peloton (PTON) Form 4 filing?
The Form 4 shows both a derivative exercise and an open-market sale. Elizabeth Coddington exercised 21,819 RSUs into Class A Common Stock at $0.00 per share, then sold 21,819 Class A shares at a weighted average price of $3.8728 per share.