MENDEZ ANGEL L 4

What Happened

• Angel L. Mendez, a director of Peloton Interactive, reported the conversion (exercise) of 9,023 derivative units on March 9, 2026. The Form 4 shows 9,023 shares were acquired via conversion and the same 9,023 were listed as disposed of at $0.00 (derivative), indicating a conversion/settlement event rather than an open-market sale for cash. The filing was made on March 11, 2026.

Key Details

• Transaction date: March 9, 2026; Form 4 filed: March 11, 2026 (appears timely).
• Quantity: 9,023 shares reported as converted/exercised (transaction code M).
• Price/Proceeds: Acquired price listed as N/A; disposed as $0.00 — no cash sale proceeds reported.
• Footnotes: F1 — each RSU converts to one share of Class A common stock. F2 — these RSUs vest 25% quarterly (Mar 9, Jun 9, Sep 9, and the earlier of Dec 9 or the 2026 annual meeting), subject to continued service.
• Shares owned after the transaction: not specified in the summary data provided.

Context

• This appears to be a routine vesting/conversion of restricted stock units (RSUs) into common shares rather than a market sale or purchase. For retail investors, conversions of RSUs are common compensation events and do not necessarily signal insider buying or selling intent. The $0.00 disposed amount reflects the derivative conversion/settlement reporting and does not mean shares were sold in the open market for no value.