Bruzzo Chris 4

What Happened
Chris Bruzzo, a director of Peloton Interactive (PTON), had 9,023 restricted stock units (RSUs convertibles to one share each) vest on March 9, 2026. The Form 4 reports an exercise/conversion of 9,023 derivative units (acquired) and a simultaneous disposition of 9,023 shares at $0.00. The filing shows no cash proceeds from the disposition, consistent with a net settlement or withholding rather than an open-market sale.

Key Details

• Transaction date: March 9, 2026. Filing date: March 11, 2026 (filed within the typical 2‑business‑day Form 4 window).
• Action: Code M (exercise/conversion of derivative); 9,023 RSUs converted to 9,023 shares (Acquired). 9,023 shares disposed at $0.00 (Disposed).
• Prices/values: Acquired price listed as N/A; disposition price listed as $0.00 (no cash reported).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 explains each RSU equals one share; F2 details the RSU vesting schedule (25% vesting on March 9, 2026 and subsequent quarterly dates, subject to continued service). The filing does not explicitly state the reason for the $0 disposition.

Context
This appears to be routine equity compensation vesting (RSU conversion) rather than an open‑market purchase or voluntary sale. The immediate disposition at $0.00 is commonly used for tax withholding or net settlement of vested RSUs; because the filing does not show cash proceeds, it likely did not change Bruzzo’s cash position from selling into the market. Such intrinsic compensation events are standard and do not necessarily signal insider sentiment about the stock.