Caldwell Nick V. 4

What Happened Nick V. Caldwell, Chief Product Officer of Peloton Interactive, was granted 916,231 Restricted Stock Units (RSUs) on April 1, 2026. The award is reported as a derivative acquisition at $0.00 (no cash exchanged); each RSU represents a contingent right to one share of Peloton Class A common stock that will convert to shares upon vesting.

Key Details

• Transaction date and filing: Grant dated 2026-04-01; Form 4 filed 2026-04-03 (appears timely).
• Amount/price: 916,231 RSUs granted, reported at $0.00 (derivative award).
• Vesting: 1/12 of the total vests on November 15, 2026, then 1/12 vests quarterly thereafter, subject to continued service (per footnote).
• Shares owned after transaction: Not disclosed in the filing.
• Transaction code: A = Award/Grant (derivative instrument).
• Footnotes: F1 clarifies each RSU converts to one share; F2 specifies the vesting schedule above.

Context RSU grants are a common form of executive compensation and are not an immediate purchase or sale — value is realized only as units vest and convert to shares (and typically become taxable at vesting). Because the award vests over time, it serves as a retention incentive rather than an immediate market signal.