Sanders Dion C. 4

What Happened

• Dion C. Sanders, Chief Commercial Officer of Peloton Interactive (PTON), had multiple Restricted Stock Units (RSUs) convert into common shares on Feb 15, 2026 (total 235,086 shares). On Feb 17, 2026 he sold 88,242 shares in open-market transactions at a weighted average price of $4.14 per share, generating proceeds of $365,040. The conversion/settlement of the RSUs is reported as derivative exercises on Feb 15.

Key Details

• Transaction dates: RSU conversion/exercise on 2026-02-15; open-market sale on 2026-02-17.
• Sale price: weighted average $4.14; individual sale prices ranged $4.0950–$4.2150 per share.
• Proceeds from sale: $365,040.
• Shares from RSU settlement: 235,086 acquired on 2/15/2026.
• Approximate shares retained from this settlement after the sale: 235,086 − 88,242 = 146,844 shares (this reflects only the net from this settlement; total Peloton holdings not shown).
• Notable footnotes:
  • F1: Each RSU equals a contingent right to one share.
  • F2: The open-market sale was "for the sole purpose of covering the Reporting Person's tax liability" on the RSU settlement (sell-to-cover).
  • F3: Reported sale price is a weighted average; shares sold at prices within the $4.0950–$4.2150 range.
  • F4–F9: Different RSU grants have different vesting schedules; at least one grant fully vested on 2/15/2026 per the filing.
• Filing date: Form 4 filed 2026-02-18 (reporting period 2026-02-15).

Context

• These were RSU settlements (derivative-to-share conversions) followed by a sell-to-cover tax withholding. For retail investors, sales to cover taxes after vesting are routine and do not necessarily signal management sentiment. The filing shows an RSU conversion (M code) and an open-market sale (S code); the conversion and partial sale are common when restricted awards vest.