Form 4: Peloton's Chief Content Officer, Jennifer Cotter, Reports Stock Transactions
SEC Form 4 Filing
Jennifer Cotter, Chief Content Officer of Peloton Interactive, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs) to cover tax liabilities.
Summary
- On May 15 and 16, 2025, 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).
- Cotter acquired shares through the vesting of RSUs and disposed of shares to cover tax obligations associated with these vestings.
- Specifically, on May 16, 2025, 145,622 shares were sold at a weighted average price of $6.2515 per share, with prices ranging from $6.2300 to $6.3350.
- Following these transactions, Cotter directly owns 235,439 shares of Class A Common Stock and a number of derivative securities (RSUs) with varying vesting schedules.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive. The sales are primarily to cover tax liabilities, suggesting a neutral sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance, providing insights into management's perspective on the company's stock. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares in the open market.
- Employees holding RSUs may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 11/15/2021 | Commencement of RSU vesting (6.25% quarterly) for some RSUs. |
| 05/15/2022 | Commencement of RSU vesting (6.25% quarterly) for some RSUs. |
| 11/15/2022 | Commencement of RSU vesting (6.25% quarterly) for some RSUs. |
| 05/15/2023 | Commencement of RSU vesting (6.25% quarterly) for some RSUs. |
| 11/15/2023 | Commencement of RSU vesting (6.25% quarterly) for some RSUs. |
| 05/15/2024 | Commencement of RSU vesting (6.25% quarterly) for some RSUs. |
| 11/15/2024 | Commencement of RSU vesting (12.50% quarterly) for some RSUs. |
| 05/15/2025 | Date of multiple transactions involving Class A Common Stock and RSUs. |
| 05/16/2025 | Date of sale of 145,622 shares of Class A Common Stock. |
| 08/15/2025 | 100% vesting date for some RSUs. |
| 02/15/2026 | 100% vesting date for some RSUs. |
| 08/15/2026 | 100% vesting date for some RSUs. |
| 02/15/2027 | 100% vesting date for some RSUs. |
| 08/15/2027 | 100% vesting date for some RSUs. |
| 02/15/2028 | 100% vesting date for some RSUs. |
| 05/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Peloton, PTON, Jennifer Cotter, Chief Content Officer, Form 4, SEC Filing, Stock Transactions, Class A Common Stock, Restricted Stock Units, RSU, Beneficial Ownership
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