Peloton Director Pamela Thomas‑Graham Converts 8,458 RSUs

What Happened
Pamela Thomas‑Graham, a director of Peloton Interactive, reported the conversion/exercise of 8,458 RSU-based derivative units into common stock on 2026-09-09. The filing shows 8,458 shares acquired via conversion and an identical 8,458 shares disposed at $0.00. The $0 disposition typically indicates shares were surrendered to the issuer to satisfy tax withholding or similar obligations rather than sold on the open market.

Key Details

• Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-11).
• Reported activity: Derivative exercise/conversion (code M) — 8,458 shares acquired; 8,458 shares disposed at $0.00.
• Price/value: No cash proceeds reported; disposal price listed as $0.00.
• Shares owned after the transaction: Not specified in the provided filing excerpts.
• Footnotes: F1 — each RSU converts to one share of Class A common stock. F2 — 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.
• Timeliness: Filing appears timely (transaction 9/9/2026; Form 4 filed 9/11/2026).

Context
This was a derivative conversion of vested RSUs rather than an open‑market purchase or sale. When RSUs vest, companies often allow or require the surrender of a portion of shares to cover taxes — reflected here by the matching number of shares disposed at $0. This type of event is routine for executives/directors receiving equity compensation and does not by itself indicate a buy or sell decision in the open market.