Form 4: Peloton Director Jay Hoag Acquires Shares via RSUs

Peloton Director Jay C. Hoag reported the acquisition of 47,369 Class A Common Stock through Restricted Stock Units, increasing his direct beneficial ownership to 92,516 shares.

Summary

• Jay C. Hoag, a Director of Peloton Interactive, Inc. (PTON), acquired 47,369 shares of Class A Common Stock through Restricted Stock Units (RSUs) on December 9, 2025.
• Each RSU represents a contingent right to receive one share of Class A common stock upon settlement for no consideration.
• Following this transaction, Mr. Hoag's direct beneficial ownership of Class A Common Stock increased to 92,516 shares.
• The RSUs are scheduled to vest quarterly at 25% of the total shares on March 9, 2026, June 9, 2026, September 9, 2026, and the earlier of December 9, 2026, or the date of the 2026 Annual Meeting of Stockholders, contingent on his continued service.
• Mr. Hoag also has indirect beneficial ownership of 6,297,327 Class A Common Stock through various TCV entities, including TCV IX, L.P., TCV IX (A) Opportunities, L.P., TCV IX (B), L.P., TCV Member Fund, L.P., TCV X, L.P., TCV X (A) Blocker, L.P., TCV X (B), L.P., TCV X Member Fund, L.P., TCV IX Management, L.L.C., and TCV X Management, L.L.C.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as a director's acquisition of shares, even through RSUs, can be interpreted as a sign of confidence in the company's future. However, it's a routine insider filing and does not contain significant operational or financial news.

Positives

• A director's acquisition of shares, even through RSUs, can signal confidence in the company's future prospects.

Future Outlook

The filing does not provide a future outlook for the company's performance, focusing solely on an insider's stock transaction and vesting schedule.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Jay C. Hoag's indirect beneficial ownership is held through various TCV entities (TCV IX, TCV IX (A) Opportunities, TCV IX (B), TCV Member Fund, TCV X, TCV X (A) Blocker, TCV X (B), TCV X Member Fund, TCV IX Management, L.L.C., and TCV X Management, L.L.C.), where he holds roles such as Class A Director, Class A Member, or limited partner. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may view the director's increased direct stake as a positive signal of management's alignment with shareholder interests and confidence in the company's future.

Next Steps

• The acquired Restricted Stock Units will vest quarterly, with the first vesting on March 9, 2026, and subsequent vestings on June 9, 2026, September 9, 2026, and the earlier of December 9, 2026, or the 2026 Annual Meeting of Stockholders.

Key Dates

Keywords

Peloton, PTON, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director, Stock Acquisition, Beneficial Ownership