Boone Karen 4
4 · PELOTON INTERACTIVE, INC. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Peloton (PTON) Director Karen Boone Converts 9,023 RSUs
What Happened
Karen Boone, a director of Peloton Interactive, converted 9,023 restricted stock units (RSUs) into 9,023 shares on June 9, 2026 (reported on Form 4). The same filing records a disposition of 9,023 shares at $0.00 (derivative). No cash purchase or sale for value is reported; this was a conversion/vesting event rather than an open‑market buy or sell.
Key Details
- Transaction date: June 9, 2026; Form 4 filed June 11, 2026 (timely filing).
- Acquired: 9,023 shares via exercise/conversion of a derivative (RSUs).
- Disposed: 9,023 shares at $0.00 (listed as derivative disposal). The filing does not specify the reason for the $0.00 disposition.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1: Each RSU equals the contingent right to one share of Class A common stock.
- F2: These RSUs vest in 25% increments on March 9, 2026; June 9, 2026; September 9, 2026; and the earlier of December 9, 2026 or the 2026 annual meeting, subject to continued service.
Context
This was an RSU conversion/vesting event (derivative conversion), not a market purchase or sale that signals a directional trade. Filings sometimes show shares recorded as disposed at $0.00 when shares are net‑settled or withheld for taxes, but the Form 4 here does not indicate the specific reason for the zero‑price disposition.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-09+9,023→ 261,063 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F2]2026-06-09−9,023→ 18,045 total→ Class A Common Stock (9,023 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]The RSUs vest as to 25% of the total shares quarterly on each of March 9, 2026, June 9, 2026, September 9, 2026, and the earlier of (i) December 9, 2026 and (ii) the 2026 annual meeting of stockholders, subject to the Reporting Person's provision of service to the Issuer on each vesting date.