Peloton (PTON) CPO Nick Caldwell Receives RSUs; Shares Withheld

What Happened

• Nick V. Caldwell, Chief Product Officer of Peloton (PTON), had RSUs settle into 157,609 shares (38,277 + 119,332) on August 15, 2026. Per the Form 4, 87,159 of those shares were withheld/sold on August 17, 2026 to cover tax liability at $5.63 per share, generating roughly $490,705. The conversion entries are reported as derivative exercises/conversions (code M) and the withholding/sale is reported under code F.

Key Details

• Transaction dates: RSU conversion recorded 2026-08-15; shares withheld/sold to cover taxes recorded 2026-08-17; Form 4 filed 2026-08-18.
• Prices/values: Tax withholding sale of 87,159 shares at $5.63 each = $490,705. The conversion entries show $0 proceeds (they reflect RSU settlement, not an open-market purchase).
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1–F2 confirm these were RSUs (each convertible to one share) and that shares were withheld to cover taxes on RSUs that vested Aug 15, 2026. F3/F4 describe differing vesting schedules for the grants (one vests partially through May 15, 2029; another completed vesting Aug 15, 2026).
• Timeliness: Form 4 was filed Aug 18 for transactions on Aug 15; Form 4s are generally due within two business days, so this filing appears to be timely.

Context

• This was not an open-market purchase or a voluntary sale indicating a change in investment stance. It reflects RSU settlement with a standard withholding/sale to satisfy tax obligations (a common, administrative transaction).
• For retail investors: award conversions and withholding sales are routine and do not necessarily signal insider sentiment about the company’s prospects.