Form 4: Peloton Director Jay C. Hoag Reports Stock Transactions
SEC Form 4 Filing
Director Jay C. Hoag reports acquisition of shares through RSU vesting and adjustments to beneficial ownership.
Summary
- On March 7, 2024, Jay C. Hoag, a director of Peloton Interactive, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
- Hoag acquired 14,913 shares of Class A Common Stock through the vesting of RSUs.
- The RSUs vest quarterly, with the final vesting date dependent on either December 7, 2024, or the date of the 2024 annual stockholders meeting.
- Following the reported transactions, Hoag beneficially owns 44,826 shares of Class A Common Stock directly.
- Hoag disclaims beneficial ownership of the securities except to the extent of his pecuniary interest, as TCV IX Management, L.L.C. and TCV X Management, L.L.C. collectively have a right to 100% of the pecuniary interest in such securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction (RSU vesting and stock acquisition) |
| 03/07/2024 | First RSU vesting date (25% of total shares) |
| 06/07/2024 | Second RSU vesting date (25% of total shares) |
| 09/07/2024 | Third RSU vesting date (25% of total shares) |
| 12/07/2024 | Final RSU vesting date (25% of total shares) or the 2024 annual stockholders meeting, whichever is earlier |
| 03/11/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.