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Kushi Hisao – ‘4’ for 5/12/21 re: Peloton Interactive, Inc.

On:  Thursday, 5/13/21, at 4:33pm ET   ·   For:  5/12/21   ·   Accession #:  1639825-21-159   ·   File #:  1-39058

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/13/21  Kushi Hisao                       4                      1:13K  Peloton Interactive, Inc.         Peloton Interactive, Inc

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      3K 
                Securities by an Insider --                                      
                wf-form4_162093798666314.xml/3.6


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
Plain Text rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — wf-form4_162093798666314.xml/3.6
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0306
Document Type:  4
Period of Report:  5/12/21
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1639825
Issuer Name:  PELOTON INTERACTIVE, INC.
Issuer Trading Symbol:  PTON
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1787758
Owner Name:  Kushi Hisao
Reporting Owner Address:
Owner Street 1:  C/O PELOTON INTERACTIVE, INC.
Owner Street 2:  125 WEST 25TH STREET, 11TH FLOOR
Owner City:  NEW YORK
Owner State:  NY
Owner ZIP Code:  10001
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  Chief Legal Officer
Other Text:
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  5/12/21
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  C
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  80,000
Footnote ID:  F1
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  81,724
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  5/12/21
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Footnote ID:  F2
Transaction Amounts:
Transaction Shares:
Value:  80,000
Transaction Price Per Share:
Value:  90.1543
Footnote ID:  F3
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,724
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy Class B Common Stock)
Conversion or Exercise Price:
Value:  0.7525
Transaction Date:
Value:  5/12/21
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  80,000
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F4
Expiration Date:
Value:  4/19/26
Underlying Security:
Underlying Security Title:
Value:  Class B Common Stock
Footnote ID:  F5
Underlying Security Shares:
Value:  80,000.0
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  267,110
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Class B Common Stock
Conversion or Exercise Price:
Footnote ID:  F5
Transaction Date:
Value:  5/12/21
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  80,000
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  80,000.0
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  80,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Class B Common Stock
Conversion or Exercise Price:
Footnote ID:  F5
Transaction Date:
Value:  5/12/21
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  C
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  80,000
Footnote ID:  F6
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  80,000.0
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Holding:
Security Title:
Value:  Class B Common Stock
Conversion or Exercise Price:
Footnote ID:  F5
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  367,607.0
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  367,607
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Kushi Family 2018 GRAT
Footnote ID:  F7
Derivative Holding:
Security Title:
Value:  Class B Common Stock
Conversion or Exercise Price:
Footnote ID:  F5
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  632,393.0
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  632,393
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Kushi Family Trust dated June 3, 2013
Footnote ID:  F8
Footnotes:
Footnote - F1:  Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock.
Footnote - F2:  The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Footnote - F3:  The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.40 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.
Footnote - F4:  The option is fully vested and exercisable.
Footnote - F5:  Each share of the issuer's Class B Common Stock will automatically convert into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's initial public offering, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class, and has no expiration date.
Footnote - F6:  The holder elected to convert the Class B common stock to Class A common stock on a 1-for-1 basis.
Footnote - F7:  These securities are held of record by Hisao Kushi and Karen Kushi, Trustees of the Kushi Family 2018 Grantor Retained Annuity Trust dated September 27, 2018.
Footnote - F8:  These securities are held of record by Hisao Kushi and Karen Kushi, Trustees of the Kushi Family Trust dated June 3, 2013.
Remarks:
Owner Signature:
Signature Name:  /s/ Hisao Kushi
Signature Date:  5/13/21


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