Peloton (NASDAQ: PTON) COO sells shares to cover RSU tax bill
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
| 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 | -- |
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?
What RSU activity did Peloton (PTON) report for its COO?
What is the vesting schedule for the COO’s Peloton RSUs?