Baig Saqib 4

What Happened

• Baig Saqib, Peloton's Interim Chief Financial Officer and CAO, reported the sale of 5,000 shares of PTON on 2026-05-22. The shares were sold at $5.45 each for a total proceeds of $27,250. This was a sale (not a purchase), which is often a routine disposition rather than a directional bullish signal.

Key Details

• Transaction date and price: 2026-05-22 — 5,000 shares sold at $5.45 per share (total $27,250).
• Method: Reported as an open-market/private sale (code S) and was effected under a Rule 10b5-1 trading plan adopted by the reporting person on September 2, 2025.
• Filing: Form 4 filed on 2026-05-27 for a 2026-05-22 trade — appears to have been filed one business day late (Form 4s are normally due within two business days).
• Shares owned after the transaction: Not disclosed in the information provided in this filing excerpt.

Context

• The sale was executed under a pre-established 10b5-1 plan, which allows insiders to sell shares according to a set schedule and is commonly used to avoid questions about trading on nonpublic information. Sales are routine disclosures; they do not by themselves indicate management’s view of Peloton’s future prospects.