Boone Karen 4

What Happened

• Karen Boone, a director of Peloton Interactive, had 9,023 restricted stock units (RSUs convert/derivative) convert to shares on March 9, 2026 (transaction code M). The Form 4 lists an acquisition of 9,023 shares (conversion of RSUs) and a simultaneous disposition of 9,023 shares at $0.00 (derivative). No cash sale price or market value is reported in the filing.

Key Details

• Transaction date: March 9, 2026 (Period of Report). Form 4 filed March 11, 2026 (appears timely under the 2-business-day rule).
• Reported entries: Acquired 9,023 shares (conversion of RSUs) / Disposed 9,023 shares at $0.00 (derivative); transaction code M (exercise/conversion of a derivative).
• Shares owned after transaction: Not specified in the provided filing data.
• Notable footnotes:
  • F1: Each RSU represents a contingent right to one share of Class A common stock.
  • F2: These RSUs vest 25% quarterly on Mar 9, Jun 9, Sep 9, and the earlier of Dec 9, 2026 or the 2026 annual meeting, subject to continued service.

Context

• This filing documents RSU vesting/conversion rather than an open-market purchase or a cash sale. Form 4s often show gross shares converted and an equal disposition at $0.00 when shares are immediately net-settled or withheld to satisfy tax withholding or similar obligations; the filing here is consistent with that pattern but does not explicitly state the withholding mechanics. These routine vesting events are administrative and do not by themselves indicate insider trading sentiment.