Thomas-Graham Pamela 4

What Happened

• Pamela Thomas-Graham, a director of Peloton Interactive, converted/exercised 8,459 derivative units (reported as RSUs) into shares and a corresponding disposition of 8,459 shares was reported at $0.00 on March 9, 2026. The filing shows no cash proceeds from the disposition.

Key Details

• Transaction date: March 9, 2026; Filing date: March 11, 2026 (timely filed).
• Reported transactions: Code M (exercise/conversion of derivative) — 8,459 shares acquired (conversion) and 8,459 shares disposed at $0.00.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — RSUs vest 25% quarterly (Mar 9, Jun 9, Sep 9, and Dec 9/2026 annual meeting) subject to continued service.
• No 10b5-1 plan or open-market sale is indicated.

Context

• This was a derivative conversion of RSUs rather than an open-market purchase or sale. The disposition at $0.00 indicates no cash consideration was received (commonly seen when shares are net-settled or surrendered to cover tax withholding), but the filing itself does not state the reason. Such administrative settlements are routine and do not necessarily signal a buy/sell opinion by the insider.