Peloton (PTON) Director Karen Boone Converts 9,022 RSUs to Shares

What Happened
Karen Boone, a director of Peloton Interactive, had 9,022 restricted stock units (RSUs) convert to Class A common shares on September 9, 2026 (transaction code M: exercise/conversion). The filing shows 9,022 shares acquired through conversion (price N/A) and an equal 9,022 shares reported disposed at $0; no cash proceeds are reported. This is a vesting/conversion event rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-09; filing date: 2026-09-11 (appears to be filed within the usual two‑business‑day Form 4 window).
• Acquired: 9,022 shares via conversion of RSUs (price reported as N/A).
• Disposed: 9,022 shares reported disposed at $0 (no cash value shown).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1—Each RSU represents a contingent right to one share of Class A common stock. F2—The RSUs vest 25% quarterly, including March 9, June 9, and September 9, 2026, and the earlier of December 9, 2026 or the 2026 annual meeting, subject to continued service.
• No 10b5-1 plan, tax withholding method, or other disposition reason is specified in the filing.

Context
This filing reflects conversion/vesting of RSUs rather than a market purchase or sale. When RSUs vest they convert into shares; sometimes an equal number of shares are transferred back to the company (or withheld) to satisfy tax withholding or other obligations — the filing here reports a disposal at $0 but does not state the reason. No cash proceeds or market sale were reported.