0001639825-21-000286.txt : 20210908
0001639825-21-000286.hdr.sgml : 20210908
20210908163525
ACCESSION NUMBER: 0001639825-21-000286
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210903
FILED AS OF DATE: 20210908
DATE AS OF CHANGE: 20210908
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: 211242515
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: [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_163113330442911.xml
FORM 4
X0306
4
2021-09-03
0
0001639825
PELOTON INTERACTIVE, INC.
PTON
0001816415
Garavaglia Mariana
C/O PELOTON INTERACTIVE, INC.
441 NINTH AVENUE, SIXTH FLOOR
NEW YORK
NY
10001
0
1
0
0
Chief Operating Officer
Class A Common Stock
2021-09-03
4
C
0
10416
0
A
20558
D
Class A Common Stock
2021-09-03
4
M
0
9375
26.69
A
29933
D
Class A Common Stock
2021-09-03
4
S
0
3364
97.9683
D
26569
D
Class A Common Stock
2021-09-03
4
S
0
11861
98.7747
D
14708
D
Class A Common Stock
2021-09-03
4
S
0
2706
99.7817
D
12002
D
Class A Common Stock
2021-09-03
4
S
0
3993
100.8056
D
8009
D
Stock Option (right to buy Class B Common Stock)
14.59
2021-09-03
4
M
0
10416
0
D
2029-06-13
Class B Common Stock
10416.0
222922
D
Class B Common Stock
2021-09-03
4
M
0
10416
0
A
Class A Common Stock
10416.0
10416
D
Class B Common Stock
2021-09-03
4
C
0
10416
0
D
Class A Common Stock
10416.0
0
D
Stock Option (right to buy Class A Common Stock)
26.69
2021-09-03
4
M
0
9375
0
D
2030-02-27
Class A Common Stock
9375.0
281250
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 $97.36 to $98.34 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 $98.41 to $99.40 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.41 to $100.28 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 $100.48 to $101.15 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/ Bart Goldstein as attorney-in-fact for Mariana Garavaglia
2021-09-08