Form 4: Peloton CFO Elizabeth Coddington Reports Stock Transactions

Peloton's CFO, Elizabeth Coddington, reported the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on February 15 and 18, 2025, according to a Form 4 filing with the SEC.

Summary

• Elizabeth Coddington, the CFO of Peloton Interactive, Inc., filed a Form 4 with the SEC detailing changes in her beneficial ownership of the company's stock.
• On February 15, 2025, Coddington acquired shares through the vesting of Restricted Stock Units (RSUs).
• Specifically, 50,000 shares, 68,682 shares and 119,332 shares were acquired as a result of RSU vesting.
• On February 18, 2025, she disposed of 118,682 shares at an average price of $9.6371 and 52,137 shares at an average price of $9.5673.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 3, 2024.
• The sales were partially to cover the reporting person's tax liability with respect to the settlement of RSUs.
• Following these transactions, Coddington directly owns 327,349 shares of Class A Common Stock and holds derivative securities consisting of 1,540,166 Restricted Stock Units.
• The RSUs vest quarterly over several years, contingent upon continued service to Peloton.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions appear to be part of a pre-planned strategy under a 10b5-1 trading plan and partially to cover tax obligations.

Future Outlook

The RSUs vest quarterly over several years, contingent upon continued service to Peloton.

Industry Context

Insider transactions are routinely monitored by investors to gauge management's confidence in the company's prospects; however, transactions under 10b5-1 plans are often pre-scheduled and may not reflect current sentiment.

Key Dates

Keywords

Form 4, SEC, Elizabeth Coddington, Peloton, PTON, Insider Trading, Stock Transactions, Restricted Stock Units, Rule 10b5-1, CFO