Peloton (PTON) CCO Dion Sanders Receives RSUs; 136,059 Shares Withheld

What Happened

• Dion C. Sanders, Chief Commercial Officer of Peloton Interactive (PTON), had multiple Restricted Stock Units (RSUs) convert to 267,372 shares on August 15, 2026 (reported on Form 4 filed Aug 18, 2026). To cover tax withholding on the vesting, 136,059 shares were surrendered/withheld on August 17, 2026 at $5.63 per share, generating approximately $766,012. After withholding, Sanders retained roughly 131,313 net shares from this settlement.

Key Details

• Transaction types: M = conversion/settlement of RSUs (267,372 shares acquired on 8/15/2026); F = shares withheld for tax liability (136,059 shares disposed on 8/17/2026) at $5.63/share for ~$766,012.
• Filing date: Form 4 filed 2026-08-18 reporting the 2026-08-15 vesting and 2026-08-17 withholding.
• Shares owned after the transactions: Not specified in the provided filing.
• Relevant footnotes: RSUs convert 1-for-1 into Class A common stock (F1). Several RSU tranches had scheduled vesting; some tranches reached 100% vesting on August 15, 2026 (see F5, F8), while others vest over later schedules (F3, F4, F6, F7).
• Transaction codes explained: M = option/derivative exercise or conversion (here, RSU settlement); F = payment of exercise price or tax liability (shares withheld).

Context

• This was not an open-market sale for cash gain but a routine cashless settlement/tax-withholding tied to RSU vesting: RSUs converted into shares and a portion was withheld to satisfy tax obligations. Such withholding transactions are common when equity awards vest and do not necessarily indicate a change in insider sentiment.