Form 4: Peloton CFO Elizabeth Coddington Reports Stock Transactions

Elizabeth Coddington, CFO of Peloton Interactive, Inc., reported the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax liabilities.

Summary

• On June 13, 2024, Elizabeth Coddington, the CFO of Peloton Interactive, Inc., acquired 21,819 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• On June 14, 2024, she sold 8,923 shares of Class A Common Stock at an average price of $3.6779 to cover tax obligations related to the RSU settlement.
• Following these transactions, Coddington directly owns 186,466 shares of Class A Common Stock and 174,554 Restricted Stock Units.
• The RSUs vest over time, with 25% vesting on June 13, 2023, and the remainder vesting quarterly until June 13, 2026, contingent upon continued service to Peloton.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, as the sale was to cover tax obligations.

Future Outlook

The remaining RSUs will continue to vest quarterly until June 13, 2026, subject to the reporting person's continued service to the issuer.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity for tax purposes.

Key Dates