Caldwell Nick V. 4
4 · PELOTON INTERACTIVE, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Peloton (PTON) CPO Nick Caldwell Sells Shares After RSU Vest
What Happened
Nick V. Caldwell, Peloton's Chief Product Officer, had 115,741 Restricted Stock Units (RSUs) settle on March 15, 2026 (conversion of a derivative into shares). Following the settlement, he sold 42,632 shares in an open-market sale on March 16, 2026 at a weighted average price of $3.86, for proceeds of approximately $164,768. The filing also reports the RSU conversion/disposition tied to the settlement (reported at $0), which reflects the RSU settlement/withholding mechanics.
Key Details
- Transaction types: RSU settlement/exercise (derivative conversion) and open-market sale.
- RSUs settled: 115,741 shares (reported 2026-03-15).
- Shares sold: 42,632 shares on 2026-03-16 at a weighted average price of $3.86; total proceeds ≈ $164,768. Price per share range reported $3.8450–$3.9050.
- Purpose of sale: Footnote states the sale was "for the sole purpose of covering the Reporting Person's tax liability" related to RSU settlement.
- Filing timing: Form 4 filed 2026-03-17 for transactions on 3/15–3/16; no late filing is indicated in the report.
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Relevant footnotes: F1 (each RSU = one share), F2 (sale to cover taxes), F3 (weighted avg price range; detailed breakdown available on request), F4 (original RSU vesting schedule).
Context
This was an RSU settlement with a subsequent sale to meet tax obligations — a routine, non-informational insider sale rather than an opportunistic market purchase. The derivative code (M) denotes conversion/settlement of RSUs into shares; because some or all shares are commonly withheld or sold to satisfy taxes at vesting, such transactions often do not signal a change in insider sentiment about the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-15+115,741→ 923,588 total - Sale
Class A Common Stock
[F2][F3]2026-03-16$3.86/sh−42,632$164,768→ 880,956 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F4]2026-03-15−115,741→ 694,444 total→ Class A Common Stock (115,741 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.8450 to $3.9050 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The RSUs vest as to 25% of the total shares on November 1, 2024, then 6.25% of the total shares vest quarterly, commencing December 15, 2024, with 100% of the total shares vested on September 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.