Form 4: Peloton's Chief Content Officer, Jennifer Cotter, Reports Stock Transactions
SEC Form 4
Jennifer Cotter, Chief Content Officer of Peloton Interactive, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) on August 15 and 16, 2024.
Summary
- On August 15 and 16, 2024, Jennifer Cotter, the Chief Content Officer of Peloton Interactive, Inc., engaged in transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
- On August 15, 2024, Cotter acquired various amounts of Class A Common Stock through the vesting of RSUs, totaling 170,503 shares.
- These RSUs vest quarterly, with full vesting occurring between August 15, 2025, and February 15, 2028, contingent upon continued service to Peloton.
- On August 16, 2024, Cotter disposed of 84,720 shares of Class A Common Stock at a price of $3.155 per share.
- Following these transactions, Cotter directly owns 147,596 shares of Class A Common Stock and holds various amounts of RSUs.
Sentiment
Score: 5
Explanation: This is a standard SEC filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the individual financial decisions of a key executive at Peloton.
Key Dates
| Date | Description |
|---|---|
| November 15, 2021 | Commencement of vesting for some RSUs, vesting quarterly until August 15, 2025. |
| May 15, 2022 | Commencement of vesting for some RSUs, vesting quarterly until February 15, 2026. |
| November 15, 2022 | Commencement of vesting for some RSUs, vesting quarterly until August 15, 2026. |
| May 15, 2023 | Commencement of vesting for some RSUs, vesting quarterly until February 15, 2027. |
| November 15, 2023 | Commencement of vesting for some RSUs, vesting quarterly until August 15, 2027. |
| May 15, 2024 | Commencement of vesting for some RSUs, vesting quarterly until February 15, 2028. |
| August 15, 2024 | Date of RSU vesting and acquisition of Class A Common Stock. |
| August 16, 2024 | Date of sale of Class A Common Stock. |
| August 15, 2025 | Full vesting date for some RSUs. |
| February 15, 2026 | Full vesting date for some RSUs. |
| August 15, 2026 | Full vesting date for some RSUs. |
| February 15, 2027 | Full vesting date for some RSUs. |
| August 15, 2027 | Full vesting date for some RSUs. |
| February 15, 2028 | Full vesting date for some RSUs. |
| August 19, 2024 | Date of Form 4 signature. |
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.