0001639825-21-000205.txt : 20210630 0001639825-21-000205.hdr.sgml : 20210630 20210630163155 ACCESSION NUMBER: 0001639825-21-000205 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210628 FILED AS OF DATE: 20210630 DATE AS OF CHANGE: 20210630 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cortese Thomas CENTRAL INDEX KEY: 0001788276 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39058 FILM NUMBER: 211062328 MAIL ADDRESS: STREET 1: C/O PELOTON INTERACTIVE, INC. STREET 2: 125 WEST 25TH STREET, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 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_162508509406377.xml FORM 4 X0306 4 2021-06-28 0 0001639825 PELOTON INTERACTIVE, INC. PTON 0001788276 Cortese Thomas C/O PELOTON INTERACTIVE, INC. 441 NINTH AVENUE, SIXTH FLOOR NEW YORK NY 10001 0 1 0 0 COO and Head of Prod. Dev. Class A Common Stock 2021-06-28 4 C 0 154382 0 A 154795 D Class A Common Stock 2021-06-28 4 S 0 154382 124.2592 D 413 D Class A Common Stock 106000 I By LLC Stock Option (right to buy Class B Common Stock) 2.89 2021-06-28 4 M 0 154382 0 D 2027-10-12 Class B Common Stock 154382.0 200000 D Class B Common Stock 2021-06-28 4 M 0 154382 0 A Class A Common Stock 154382.0 1184304 D Class B Common Stock 2021-06-28 4 C 0 154382 0 D Class A Common Stock 154382.0 1029922 D Class B Common Stock Class A Common Stock 261052.0 261052 I By LLC Class B Common Stock Class A Common Stock 50000.0 50000 I By GRAT 1 Class B Common Stock Class A Common Stock 50000.0 50000 I By GRAT 2 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 $124.00 to $124.89 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 vests as to 2.0833% of the total shares monthly, commencing September 25, 2017, with 100% of the total shares vested on August 25, 2021, 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. These securities are held of record by TPC 2021 GRAT I. These securities are held of record by TPC 2021 GRAT 2. /s/ Hisao Kushi as attorney-in-fact for Thomas Cortese 2021-06-30