0001639825-21-000121.txt : 20210324 0001639825-21-000121.hdr.sgml : 20210324 20210324165429 ACCESSION NUMBER: 0001639825-21-000121 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210322 FILED AS OF DATE: 20210324 DATE AS OF CHANGE: 20210324 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Garavaglia Mariana CENTRAL INDEX KEY: 0001816415 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39058 FILM NUMBER: 21768826 MAIL ADDRESS: STREET 1: 6600 CHASE OAKS BLVD CITY: PLANO STATE: TX ZIP: 75023 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PELOTON INTERACTIVE, INC. CENTRAL INDEX KEY: 0001639825 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] 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_161661925393524.xml FORM 4 X0306 4 2021-03-22 0 0001639825 PELOTON INTERACTIVE, INC. PTON 0001816415 Garavaglia Mariana C/O PELOTON INTERACTIVE, INC. 125 WEST 25TH STREET, 11TH FLOOR NEW YORK NY 10001 0 1 0 0 Chief Bus. Operations Officer Class A Common Stock 2021-03-22 4 C 0 29392 0 A 34003 D Class A Common Stock 2021-03-22 4 M 0 32551 26.69 A 66554 D Class A Common Stock 2021-03-22 4 S 0 65453 110.0927 D 1101 D Class A Common Stock 2021-03-23 4 C 0 18521 0 A 19622 D Class A Common Stock 2021-03-23 4 M 0 14320 26.69 A 33942 D Class A Common Stock 2021-03-23 4 S 0 29820 110.2369 D 4122 D Class A Common Stock 2021-03-23 4 S 0 3021 111.1659 D 1101 D Stock Option (right to buy Class B Common Stock) 14.59 2021-03-22 4 M 0 29392 0 D 2029-06-13 Class B Common Stock 29392.0 303939 D Class B Common Stock 2021-03-22 4 M 0 29392 0 A Class A Common Stock 29392.0 29392 D Class B Common Stock 2021-03-22 4 C 0 29392 0 D Class A Common Stock 29392.0 0 D Stock Option (right to buy Class A Common Stock) 26.69 2021-03-22 4 M 0 32551 0 D 2030-02-27 Class A Common Stock 32551.0 351820 D Stock Option (right to buy Class B Common Stock) 14.59 2021-03-23 4 M 0 18521 0 D 2029-06-13 Class B Common Stock 18521.0 285418 D Class B Common Stock 2021-03-23 4 M 0 18521 0 A Class A Common Stock 18521.0 18521 D Class B Common Stock 2021-03-23 4 C 0 18521 0 D Class A Common Stock 18521.0 0 D Stock Option (right to buy Class A Common Stock) 26.69 2021-03-23 4 M 0 14320 0 D 2030-02-27 Class A Common Stock 14320.0 337500 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.00 to $110.68 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.00 to $110.98 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.02 to $111.51 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 option vested as to 25% of the total shares on June 13, 2020, then 2.0833% of the total shares vest monthly, with 100% of the total shares vested and exercisable on June 13, 2023, subject tothe 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 March 28, 2020, with 100% of the total shares vested on February 28, 2024, subject to the reporting person's provision of service to the issuer on each vesting date. /s/ Hisao Kushi as attorney-in-fact for Mariana Garavaglia 2021-03-24