Coddington Elizabeth F 4

What Happened
Elizabeth F. Coddington, Chief Financial Officer of Peloton Interactive (PTON), converted restricted stock units (RSUs) into 238,013 shares on Feb 15, 2026, and sold those shares in the open market on Feb 17, 2026 for total proceeds of approximately $994,180. The sale was executed under a Rule 10b5-1 trading plan.

Key Details

• Transaction dates and prices:
  • Feb 15, 2026: conversion/exercise of RSU-type derivatives totaling 238,013 shares (breakdown: 68,681; 50,000; 119,332).
  • Feb 17, 2026: open-market sale of 238,013 shares at a weighted average price of $4.18 (sales occurred in the $4.08–$4.24 range).
• Proceeds: approx. $994,180.
• Conversion notes: each reported RSU represents a contingent right to one share (footnote F1). The conversions/dispositions linked to those RSUs show $0 consideration on the conversion line (typical for RSU vest-to-share conversions).
• Plan and timing: sales were effected pursuant to a Rule 10b5-1 trading plan adopted May 16, 2025 (footnote F2).
• Vesting schedules: the grants involved have different vesting schedules (see footnotes F4–F6), with full vesting dates ranging from Aug 15, 2026 to Feb 15, 2028 depending on the grant.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• These transactions show RSUs converting to shares and then being sold (i.e., shares delivered on vest/conversion and then sold); this is common for satisfying tax withholding or reallocating holdings and does not by itself indicate a change in view on the company.
• The 10b5-1 plan indicates the sales were pre-authorized according to an established trading plan, which can reduce concerns about trading on nonpublic information.