Coddington Elizabeth F 4

What Happened
Elizabeth F. Coddington, Peloton's Chief Financial Officer, had 21,819 Restricted Stock Units (RSUs) convert to shares (reported as an exercise/conversion of a derivative) on 2026-03-13. The filing shows a disposition of those 21,819 shares at $0.00 on 2026-03-13 (reported as a derivative disposition) and an open-market sale of 21,819 shares on 2026-03-16 at a weighted average price of $3.87, generating total gross proceeds of $84,501. The sale was executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Primary dates: RSU conversion/exercise reported 2026-03-13; market sale executed 2026-03-16; Form 4 filed 2026-03-17. Filing appears timely (within SEC two-business-day window).
• Market sale: 21,819 shares sold, weighted average price $3.87, total proceeds $84,501. Reported sale prices ranged from $3.85 to $3.91 per share (footnote).
• Derivative entry: 21,819 shares shown as disposed at $0.00 on 2026-03-13 in connection with the RSU conversion (filing does not explicitly state the reason for the $0.00 disposition).
• Plan/vesting notes: Sales were made under a Rule 10b5-1 plan adopted May 16, 2025 (footnote). Each RSU represents a contingent right to one share; vesting schedule noted in filing (full vesting by June 13, 2026, subject to service).
• Shares owned after transaction: Not specified in the information provided.

Context

• This was a sale of shares that resulted from RSU conversion rather than an open-market purchase—sales are generally viewed as routine liquidity events (especially when executed under a 10b5-1 plan).
• The $0.00 disposition on the same day as conversion commonly reflects shares withheld or transferred to satisfy tax or other withholding obligations, though the filing does not state that explicitly.
• No purchase/insider buy signal here; the transaction shows conversion of awards and subsequent sale under a pre-set plan.