Peloton (PTON) CPO Nick Caldwell Converts RSUs, Withholds 61,969 Shares

What Happened

• Nick V. Caldwell, Chief Product Officer at Peloton (PTON), had 115,741 restricted stock units (RSUs convert/derivative) converted into shares on 2026-09-15. To cover tax withholding, 61,969 of those shares were surrendered at $4.85 per share for a withholding value of $300,550. That leaves a net of 53,772 shares delivered to Caldwell from this conversion.
• This was not an open-market sale or purchase by the insider but a routine RSU conversion with share-withholding to satisfy taxes.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-17 (filed within typical 2‑business‑day window).
• Codes: M = exercise/conversion of derivative (115,741 shares); F = payment of tax liability via withholding (61,969 shares at $4.85, $300,550).
• Net shares retained from this event: 53,772 (115,741 converted − 61,969 withheld).
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — the RSUs vest per a schedule (25% on 11/1/2024, then quarterly, with 100% on 9/15/2027), per the filing.
• Shares owned after the transaction: not specified in the filing.

Context

• This transaction reflects RSU vesting/conversion and tax-withholding (a common administrative event), not an outright market sale or purchase that would necessarily signal insider sentiment.
• The withholding was done in shares (often called a “net share settlement” or tax withholding); no cash market sale by the insider is reported here.