Baig Saqib 4
4 · PELOTON INTERACTIVE, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Peloton (PTON) Interim CFO Saqib Baig Sells Shares & Exercises RSUs
What Happened
- Saqib Baig, Peloton's interim Chief Financial Officer and Chief Accounting Officer, had multiple RSU awards convert to 80,035 shares on May 15, 2026. Following the conversion, 29,075 shares were sold in the open market on May 18, 2026 for a weighted-average price of $5.27 per share, generating $153,353 in proceeds. The remaining 50,960 shares appear to have been surrendered/withheld (reported as disposed at $0) in connection with tax withholding and settlement of the RSUs.
Key Details
- Transaction dates: RSU conversion/exercise entries dated May 15, 2026; open-market sale dated May 18, 2026. Filing date: May 19, 2026.
- Sale price: weighted average $5.27 per share; sale prices ranged from $5.2450 to $5.3350 per share. Proceeds from the open-market sale: $153,353.
- Shares involved: 80,035 shares issued on conversion; 29,075 sold in market; 50,960 withheld/surrendered (reported as disposed at $0).
- Footnotes of note: F1 clarifies each RSU equals one share; F2 states the sale was solely to cover the Reporting Person’s tax liability from the RSU settlement; F3 explains the reported sale price is a weighted average and gives the price range; F4–F8 summarize differing vesting schedules for the RSU grants (vesting dates through 2026–2028).
- Shares owned after transactions: not specified in the filing.
Context
- These were RSU settlements (derivative-to-share conversions) rather than purchases; some shares were withheld/returned to satisfy tax obligations and some sold in the open market to cover taxes — a routine administrative step rather than a clear bullish or bearish signal.
- For retail investors: exercises/settlements followed immediately by sales to cover taxes are common and do not necessarily indicate an insider changing their investment view.
Insider Transaction Report
Form 4
Baig Saqib
Interim CFO, CAO
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+19,973→ 219,032.47 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+7,500→ 226,532.47 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+10,302→ 236,834.47 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+24,762→ 261,596.47 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+17,498→ 279,094.47 total - Sale
Class A Common Stock
[F2][F3]2026-05-18$5.27/sh−29,075$153,353→ 250,019.47 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F4]2026-05-15−19,973→ 39,946 total→ Class A Common Stock (19,973 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F5]2026-05-15−7,500→ 37,500 total→ Class A Common Stock (7,500 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F6]2026-05-15−10,302→ 72,116 total→ Class A Common Stock (10,302 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F7]2026-05-15−24,762→ 24,761 total→ Class A Common Stock (24,762 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F8]2026-05-15−17,498→ 157,480 total→ Class A Common Stock (17,498 underlying)
Footnotes (8)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.2450 to $5.3350 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The RSU vests as to 25% of the total shares on November 15, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on November 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.
- [F5]The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
- [F6]The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.
- [F7]The RSUs vest as to 12.50% of the total shares quarterly, commencing November 15, 2024, with 100% of the total shares vested on August 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.
- [F8]The RSUs vest as to 1/12 of the total shares on November 15, 2025, then 1/12 of the total shares vest quarterly thereafter, with 100% of the total shares vested on August 15, 2028, subject to the Reporting Person's provision of service to the issuer on each vesting date.
Signature
/s/ Tammy Albarran as attorney-in-fact for Saqib Baig|2026-05-19