Kirol Charles Peter 4

What Happened
Kirol Charles Peter, Chief Operating Officer of Peloton Interactive (PTON), had 17,225 restricted stock units (RSUs) settle on Feb 15, 2026 (reported as an exercise/conversion of a derivative). A portion of the shares were withheld/disposed to satisfy tax obligations and an additional 6,419 shares were sold in the open market on Feb 17, 2026 for total proceeds of $26,550 (weighted average price $4.14). The filing shows a disposal of 17,225 shares at $0 (derivative) consistent with shares withheld for taxes.

Key Details

• Transaction dates: Feb 15, 2026 (RSU settlement/exercise); Feb 17, 2026 (open-market sale). Filing date: Feb 18, 2026.
• Open-market sale: 6,419 shares at a weighted average price of $4.14, total proceeds $26,550. Reported sale prices ranged $4.0950–$4.2350 (footnote).
• RSU settlement: 17,225 RSUs converted to shares (each RSU = 1 share per footnote). The filing reports a disposal of 17,225 shares at $0, reflecting shares withheld to cover tax withholding.
• Purpose: The sale(s) were made solely to cover tax liability associated with RSU settlement (footnote).
• Shares owned after the transactions: not specified in the filing.
• Vesting schedule: These RSUs vest 6.25% on Nov 15, 2025, then quarterly 6.25% thereafter, with 100% vesting by Aug 15, 2029 (service-based vesting).
• Filing timeliness: Filing was submitted Feb 18, 2026 for activity dated Feb 15–17, 2026 (the filing lists those dates; check SEC record if you require confirmation of timeliness).

Context
This was an RSU settlement with tax-related dispositions/sales — a routine administrative transaction rather than an independent open-market purchase or sale meant to express investment view. For derivative/RSU events, a common pattern is: RSUs vest and convert to shares (acquisition), the issuer withholds or the insider sells shares to cover taxes, and any remaining shares are retained. Such sales generally reflect tax obligations, not necessarily a signal about the insider’s outlook.