0001639825-21-000300.txt : 20210921
0001639825-21-000300.hdr.sgml : 20210921
20210921163201
ACCESSION NUMBER: 0001639825-21-000300
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210917
FILED AS OF DATE: 20210921
DATE AS OF CHANGE: 20210921
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Draft Howard C.
CENTRAL INDEX KEY: 0001401466
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39058
FILM NUMBER: 211266855
MAIL ADDRESS:
STREET 1: C/O OPTIONSXPRESS HOLDINGS, INC.
STREET 2: 39 S. LASALLE STREET, SUITE 220
CITY: CHICAGO
STATE: IL
ZIP: 60603
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PELOTON INTERACTIVE, INC.
CENTRAL INDEX KEY: 0001639825
STANDARD INDUSTRIAL CLASSIFICATION: [3949]
IRS NUMBER: 473533761
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: C/O PELOTON INTERACTIVE, INC.
STREET 2: 125 W. 25TH ST., 11TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10001
BUSINESS PHONE: 866-679-9129
MAIL ADDRESS:
STREET 1: C/O PELOTON INTERACTIVE, INC.
STREET 2: 125 W. 25TH ST., 11TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10001
FORMER COMPANY:
FORMER CONFORMED NAME: Peloton Interactive, Inc.
DATE OF NAME CHANGE: 20150416
4
1
wf-form4_163225630619654.xml
FORM 4
X0306
4
2021-09-17
0
0001639825
PELOTON INTERACTIVE, INC.
PTON
0001401466
Draft Howard C.
C/O PELOTON INTERACTIVE, INC.
441 NINTH AVENUE, SIXTH FLOOR
NEW YORK
NY
10001
1
0
0
0
Class A Common Stock
2021-09-17
4
C
0
3334
0
A
267501
D
Class A Common Stock
2021-09-17
4
C
0
6666
0
A
274167
D
Class A Common Stock
2021-09-17
4
S
0
10000
104.33
D
264167
D
Class A Common Stock
2021-09-17
4
S
0
1500
104.33
D
112195
I
By Spouse
Class A Common Stock
34483
I
By Howard Craig Draft Living Trust
Class A Common Stock
17241
I
By IRA
Stock Option (right to buy Class B Common Stock)
3.28
2021-09-17
4
M
0
3334
0
D
2028-04-01
Class B Common Stock
3334.0
20000
D
Class B Common Stock
2021-09-17
4
M
0
3334
0
A
Class A Common Stock
3334.0
306266
D
Class B Common Stock
2021-09-17
4
C
0
3334
0
D
Class A Common Stock
3334.0
302932
D
Stock Option (right to buy Class B Common Stock)
8.82
2021-09-17
4
M
0
6666
0
D
2029-01-16
Class B Common Stock
6666.0
202501
D
Class B Common Stock
2021-09-17
4
M
0
6666
0
A
Class A Common Stock
6666.0
309598
D
Class B Common Stock
2021-09-17
4
C
0
6666
0
D
Class A Common Stock
6666.0
302932
D
Represents the number of shares that were acquired upon conversion of Class B Common Stock to 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.
These shares are held of record by Howard Draft and Louis R Malikow, Trustees of the Howard Craig Draft Living Trust u/a/d 2/22/1991.
These shares are held of record by Goldman Sachs, Custodian of the reporting person's IRA.
The option vests as to 2.0833% of the total shares monthly, commencing April 15, 2018, with 100% of the total shares vested on March 15, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
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.
The holder elected to convert the Class B Common Stock to Class A Common Stock on a 1-for-1 basis.
The option vests as to 2.0833% of the total shares monthly, commencing February 17, 2019, with 100% of the total shares vested on January 17, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
/s/ Bart Goldstein as attorney-in-fact for Howard Draft
2021-09-21