Peloton Director Chris Bruzzo Exercises RSUs; Shares Withheld

What Happened

• Chris Bruzzo, a director of Peloton Interactive, converted/exercised 9,022 derivative awards into 9,022 shares on September 9, 2026 (transaction code M). The same day the filing shows a disposition of 9,022 shares at $0.00 (reported as a derivative disposal).
• There was no cash purchase or sale value reported for the acquisition; the $0.00 disposal typically indicates shares were surrendered or withheld rather than sold for cash.

Key Details

• Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-11 — appears timely).
• Acquisition: 9,022 shares via exercise/conversion of derivative (code M); price listed as N/A.
• Disposal: 9,022 shares at $0.00 (derivative disposition).
• Shares owned after the transaction: not specified in the provided excerpt (see full Form 4 for total holdings).
• Footnotes: F1 clarifies each RSU equals a contingent right to one Class A share; F2 shows the RSU vesting schedule (25% quarterly on Mar 9, Jun 9, Sep 9, and the earlier of Dec 9 or the 2026 annual meeting, subject to continued service).
• Filing timeliness: Reported two days after the transaction date (generally within the 2-business-day Form 4 window).

Context

• This filing reflects conversion of RSUs into shares and an immediate, same-day disposition at $0.00. Such $0 disposals are commonly used to satisfy tax withholding or other employer withholding obligations when RSUs vest, rather than an open-market sale.
• For investors: conversions/vestings are routine compensation events for insiders and do not, by themselves, signal a buy or sell opinion on the company. Purchases (actual cash buys) tend to be more informative about insider sentiment.