Form 4: Peloton Director Jay C. Hoag Reports Stock Transactions Following RSU Vesting

Jay C. Hoag, a director at Peloton Interactive, Inc., reported the vesting of Restricted Stock Units (RSUs) and subsequent transactions involving Class A Common Stock on June 7, 2024.

Summary

• On June 7, 2024, Jay C. Hoag, a director of Peloton Interactive, Inc., had Restricted Stock Units (RSUs) vest, resulting in the acquisition of Class A Common Stock.
• Specifically, 14,912 shares vested from one RSU grant and 4,839 shares vested from another RSU grant.
• Following these transactions, Hoag directly owns 64,577 shares of Class A Common Stock.
• Hoag disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, as TCV IX Management, L.L.C. and TCV X Management, L.L.C. have a right to 100% of the pecuniary interest in such securities.
• The RSUs vest quarterly, subject to Hoag's continued service to the issuer.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions related to RSU vesting, indicating a neutral sentiment.

Future Outlook

The reporting person will continue to receive shares as the RSUs vest quarterly, subject to continued service to the issuer.

Management Comments

• Jay C. Hoag disclaims beneficial ownership of such options, RSUs and the shares to be received upon the exercise of such options or vesting of such RSUs except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates regular compensation and vesting schedules for Peloton's board members.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they reflect standard compensation practices.

Key Dates