Home/Filings/4/0001788965-19-000003

4//SEC Filing

TCV X Cycle, L.P. 4

Accession 0001788965-19-000003

CIK 0001639825other

View on SEC.gov Company Profile

Filed

Oct 1, 8:00 PM ET

Accepted

Oct 2, 7:25 PM ET

Size

45.6 KB

Accession

0001788965-19-000003

Insider Transaction Report

Form 4

Period: 2019-09-30

PELOTON INTERACTIVE, INC.PTON

TCV X Cycle, L.P.

Other

Transactions

Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)

TCV X Cycle (A), L.P.

Other

Transactions

Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)

TCV X Cycle (MF), L.P.

Other

Transactions

Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)

TCV X (A), L.P.

Other

Transactions

Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)

TCV X, L.P.

Other

Transactions

Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)

Technology Crossover Management X, L.P.

Other

Transactions

Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)

Technology Crossover Management X, Ltd.

Other

Transactions

Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)

TCV X Cycle (B), L.P.

Other

Transactions

Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)

TCV X Cycle GP, LLC

Other

Transactions

Purchase
Class A Common Stock
2019-09-30$29.00/sh+62,135$1,801,915→ 62,135 total(indirect: TCV X Cycle (B), L.P.)
Conversion
Series D Preferred Stock
2019-09-30−100,792→ 0 total(indirect: TCV X Cycle (B), L.P.)
→ Class B Common Stock (100,792 underlying)
Conversion
Series D Preferred Stock
2019-09-30−115,670→ 0 total(indirect: TCV X Cycle (MF), L.P.)
→ Class B Common Stock (115,670 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+316,046$9,165,334→ 316,046 total(indirect: TCV X Cycle (A), L.P.)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+71,488$2,073,152→ 71,488 total(indirect: TCV X Cycle (MF), L.P.)
Conversion
Class B Common Stock
2019-09-30+2,067,355→ 2,067,355 total
→ Class A Common Stock (2,067,355 underlying)
Purchase
Class A Common Stock
2019-09-30$29.00/sh+1,274,468$36,959,572→ 1,274,468 total
Conversion
Series D Preferred Stock
2019-09-30−2,067,355→ 0 total
→ Class B Common Stock (2,067,355 underlying)
Conversion
Class B Common Stock
2019-09-30+115,670→ 115,670 total(indirect: TCV X Cycle (MF), L.P.)
→ Class A Common Stock (115,670 underlying)
Conversion
Class B Common Stock
2019-09-30+512,669→ 512,669 total(indirect: TCV X (A), L.P.)
→ Class A Common Stock (512,669 underlying)
Conversion
Class B Common Stock
2019-09-30+100,792→ 100,792 total(indirect: TCV X Cycle (B), L.P.)
→ Class A Common Stock (100,792 underlying)
Conversion
Series D Preferred Stock
2019-09-30−512,669→ 0 total(indirect: TCV X (A), L.P.)
→ Class B Common Stock (512,669 underlying)

Footnotes (7)

[F1]These shares are directly held by TCV X Cycle, L.P. ("Cycle X"). Jay C. Hoag is a Class A Member of Technology Crossover Management X, Ltd. ("Management X") and a limited partner of Technology Crossover Management X, L.P. ("TCM X"). Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X, L.P., which in turn is the sole member of TCV X Cycle GP, LLC ("TCV X Cycle GP"), which in turn is the sole general partner of Cycle X. Mr. Hoag, Management X, TCM X, TCV X, L.P. and TCV X Cycle GP may be deemed to beneficially own the shares held by Cycle X but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
[F2]These shares are directly held by TCV X Cycle (A), L.P. ("Cycle A X"). Mr. Hoag is a Class A Member of Management X and a limited partner of TCM X. Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X, L.P., which in turn is the sole member of TCV X Cycle GP, which in turn is the sole general partner of Cycle A X. Mr. Hoag, Management X, TCM X, TCV X, L.P. and TCV X Cycle GP may be deemed to beneficially own the shares held by Cycle A X but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
[F3]These shares are directly held by TCV X Cycle (B), L.P. ("Cycle B X"). Mr. Hoag is a Class A Member of Management X and a limited partner of TCM X. Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X, L.P., which in turn is the sole member of TCV X Cycle GP, which in turn is the sole general partner of Cycle B X. Mr. Hoag, Management X, TCM X, TCV X, L.P. and TCV X Cycle GP may be deemed to beneficially own the shares held by Cycle B X but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
[F4]These shares are directly held by TCV Cycle X (MF), L.P. ("Cycle MF X"). Mr. Hoag is a Class A Member of Management X and a limited partner of TCM X. Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X, L.P., which in turn is the sole member of TCV X Cycle GP, which in turn is the sole general partner of Cycle MF X. Mr. Hoag is also a limited partner of TCV X Member Fund, L.P., which is the sole limited partner of Cycle MF X. Mr. Hoag, Management X, TCM X, TCV X, L.P. and TCV X Cycle GP may be deemed to beneficially own the shares held by Cycle MF X but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.
[F5]Each share of the issuer's Series D Preferred Stock automatically converted into (one) 1 share of the issuer's Class B Common Stock on September 30, 2019 in connection with the closing of the issuer's sale of its Class A Common Stock in its firm commitment initial public offering (the "IPO") pursuant to a registration statement on Form S-1 (File No. 333-233482) under the Securities Act of 1933, as amended, and had no expiration date.
[F6]Each share of the issuer's Class B Common Stock will automatically be converted into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's IPO, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class, and has no expiration date.
[F7]These shares are directly held by TCV X (A), L.P. ("TCV X A"). Mr. Hoag is a Class A Member of Management X and a limited partner of TCM X. Management X is the sole general partner of TCM X, which in turn is the sole general partner of TCV X A. Mr. Hoag, Management X and TCM X may be deemed to beneficially own the shares held by TCV X A but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

PELOTON INTERACTIVE, INC.

CIK 0001639825

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001788965

Filing Metadata

Form type: 4
Filed: Oct 1, 8:00 PM ET
Accepted: Oct 2, 7:25 PM ET
Size: 45.6 KB

View on SEC.gov