Form 4: Peloton Director Hoag Converts RSUs to Common Stock

Peloton Interactive Director Jay C. Hoag converted 6,349 Restricted Stock Units into Class A Common Stock on December 3, 2025.

Summary

• Jay C. Hoag, a Director of Peloton Interactive, Inc. (PTON), acquired 6,349 shares of Class A Common Stock.
• This acquisition resulted from the settlement of 6,349 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of the issuer's Class A common stock upon settlement for no consideration.
• Following this transaction, Mr. Hoag directly holds 45,147 shares of Class A Common Stock.
• Mr. Hoag also has indirect beneficial ownership of 2,602,444 shares through TCV IX, L.P., 734,319 shares through TCV IX (A) Opportunities, L.P., 138,996 shares through TCV IX (B), L.P., 200,654 shares through TCV Member Fund, L.P., 1,878,926 shares through TCV X, L.P., 465,945 shares through TCV X (A) Blocker, L.P., 91,608 shares through TCV X (B), L.P., 105,147 shares through TCV X Member Fund, L.P., 59,440 shares through TCV IX Management, L.L.C., and 24,888 shares through TCV X Management, L.L.C. He disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction (RSU vesting) and does not inherently indicate positive or negative sentiment about the company's performance or future prospects. It's a scheduled compensation event.

Positives

• The conversion of Restricted Stock Units (RSUs) into common stock represents a scheduled compensation event, aligning the director's interests with those of shareholders through direct equity ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The conversion of RSUs into common stock increases the number of outstanding shares by a small amount, which is a routine part of equity compensation plans.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled vesting and conversion of Restricted Stock Units (RSUs) into common stock for a director. Such transactions are part of standard executive compensation and do not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, an investor would likely maintain their current position based solely on this filing.

Keywords

Peloton, PTON, Jay C. Hoag, Director, SEC Form 4, Restricted Stock Units, RSU conversion, Class A Common Stock, Insider Transaction, Beneficial Ownership