Sanders Dion C. 4

What Happened

• Dion C. Sanders, Chief Commercial Officer of Peloton Interactive (PTON), had multiple RSU awards vest on May 15, 2026, converting to 229,096 shares. Of those, 116,573 shares were withheld to cover the tax liability (reported as a Form 4 “F” transaction) at $5.29 per share, totaling about $616,671. The remaining net shares issued to Sanders equal 112,523 shares.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within the standard two-business-day deadline).
• Vested/converted (derivative exercises, code M): 229,096 shares (breakdown: 17,151; 54,945; 12,584; 40,000; 104,416).
• Tax withholding (code F): 116,573 shares withheld at $5.29/share = $616,671.
• Net shares retained after withholding: 112,523 shares.
• Footnotes: RSUs represent contingent rights to one share each (F1); shares were withheld to cover tax liability on RSUs that vested May 15, 2026 (F2); the grants have various quarterly vesting schedules and final vesting dates (F3–F7), subject to continued service.
• This was a settlement/vesting event with tax withholding — not an open-market sale or purchase by the insider.

Context

• These transactions were the routine vesting and settlement of restricted stock units (RSUs). The withholding of shares to cover taxes is a common administrative step and does not necessarily indicate a voluntary sale decision.
• For clarity: transaction codes here are M (exercise/conversion of derivative — RSU settlement) and F (shares withheld to pay taxes).