Caldwell Nick V. 4

What Happened

• Nick Caldwell, Chief Product Officer of Peloton Interactive (PTON), had 115,740 Restricted Stock Units (RSUs vest) settle on June 15, 2026. The RSUs converted to shares (no cash exercise price).
• To cover tax withholding, 61,773 of those shares were withheld/disposed at $5.80 per share for proceeds of $358,283. That leaves a net delivery of about 53,967 shares to Caldwell. The total implied value of the vested 115,740 shares at $5.80 would be $671,292.
• This is a routine RSU settlement and tax-withholding transaction (not an open‑market sale or a cash purchase).

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely).
• Vesting/settlement: 115,740 RSUs converted to shares (derivative exercise/settlement; reported as code M/A for conversion).
• Tax withholding: 61,773 shares withheld and disposed at $5.80 per share for $358,283 (transaction code F).
• Net shares delivered to insider: ~53,967 shares (115,740 vested − 61,773 withheld).
• Footnotes: RSUs represent a contingent right to one share each; vesting schedule is 25% on Nov 1, 2024 then 6.25% quarterly through Sept 15, 2027, subject to continued service.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was an RSU settlement with shares withheld for taxes (a common, administrative outcome of vesting). It does not represent an open‑market sale or a purchase decision by the insider and should be interpreted as routine compensation settlement rather than a directional trading signal.