Peloton (PTON) Director Tara Comonte Converts 8,458 RSUs

What Happened
Tara Comonte, a director of Peloton Interactive (PTON), had 8,458 restricted stock units (RSUs convert) on September 9, 2026. The filing reports 8,458 shares were acquired upon conversion of the derivative (code M) and an equal 8,458 shares were reported disposed at $0.00, resulting in no cash proceeds to the reporting person.

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (timely filing).
• Acquired: 8,458 shares via conversion/exercise of RSUs (transaction code M). Acquisition price listed as N/A.
• Disposed: 8,458 shares at $0.00 (reported as derivative disposal). No cash proceeds reported.
• 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 — these RSUs vest 25% on each of Mar 9, 2026; Jun 9, 2026; Sep 9, 2026; and the earlier of Dec 9, 2026 or the 2026 annual meeting, subject to continued service.

Context
Conversion of RSUs to shares frequently occurs on formal vesting dates; the matching disposal at $0.00 is consistent with shares being withheld or otherwise surrendered to satisfy tax withholding or net settlement requirements under the award (the filing does not state the exact withholding mechanics). This is a vesting/settlement event rather than an open-market buy or sell, and thus is routine compensation-related activity rather than a directional trade signal.