Thomas-Graham Pamela 4

What Happened

• Pamela Thomas‑Graham, a director of Peloton Interactive (PTON), had 8,459 restricted stock units (RSUs) convert into 8,459 shares on June 9, 2026 (transaction code M — exercise/conversion of a derivative). The filing also reports a simultaneous disposition of 8,459 shares at $0.00, resulting in no cash proceeds reported. This appears to be a conversion/net settlement of RSUs rather than an open‑market sale or a cash purchase.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-11 (timely filing).
• Conversion: 8,459 RSUs → 8,459 shares (acquired); Disposed: 8,459 shares @ $0.00 (no cash proceeds).
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 clarifies each RSU equals a contingent right to one Class A share. F2 shows these RSUs vest 25% quarterly (Mar 9, Jun 9, Sep 9, and earlier of Dec 9 or the 2026 annual meeting), subject to continued service.
• Interpretation: a $0.00 disposition commonly reflects a net settlement or shares withheld/retained (for tax withholding or issuer retention) rather than a sale for cash.

Context

• This is a director RSU vesting/conversion event, not a purchase or a market sale. Such settlements are routine when equity awards vest; they do not necessarily signal the director buying or selling stock for investment reasons.