Baig Saqib 4

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.