Coddington Elizabeth F 4
4 · PELOTON INTERACTIVE, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Peloton (PTON) CFO Elizabeth Coddington Sells 238,013 Shares
What Happened
Elizabeth F. Coddington, Chief Financial Officer of Peloton Interactive (PTON), converted restricted stock units (RSUs) into 238,013 shares on Feb 15, 2026, and sold those shares in the open market on Feb 17, 2026 for total proceeds of approximately $994,180. The sale was executed under a Rule 10b5-1 trading plan.
Key Details
- Transaction dates and prices:
- Feb 15, 2026: conversion/exercise of RSU-type derivatives totaling 238,013 shares (breakdown: 68,681; 50,000; 119,332).
- Feb 17, 2026: open-market sale of 238,013 shares at a weighted average price of $4.18 (sales occurred in the $4.08–$4.24 range).
- Proceeds: approx. $994,180.
- Conversion notes: each reported RSU represents a contingent right to one share (footnote F1). The conversions/dispositions linked to those RSUs show $0 consideration on the conversion line (typical for RSU vest-to-share conversions).
- Plan and timing: sales were effected pursuant to a Rule 10b5-1 trading plan adopted May 16, 2025 (footnote F2).
- Vesting schedules: the grants involved have different vesting schedules (see footnotes F4–F6), with full vesting dates ranging from Aug 15, 2026 to Feb 15, 2028 depending on the grant.
- Shares owned after transaction: not specified in the provided excerpt.
Context
- These transactions show RSUs converting to shares and then being sold (i.e., shares delivered on vest/conversion and then sold); this is common for satisfying tax withholding or reallocating holdings and does not by itself indicate a change in view on the company.
- The 10b5-1 plan indicates the sales were pre-authorized according to an established trading plan, which can reduce concerns about trading on nonpublic information.
Insider Transaction Report
Form 4
Coddington Elizabeth F
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+68,681→ 415,216 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+50,000→ 465,216 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+119,332→ 584,548 total - Sale
Class A Common Stock
[F2][F3]2026-02-17$4.18/sh−238,013$994,180→ 346,535 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F4]2026-02-15−68,681→ 549,451 total→ Class A Common Stock (68,681 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F5]2026-02-15−50,000→ 300,000 total→ Class A Common Stock (50,000 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F6]2026-02-15−119,332→ 238,663 total→ Class A Common Stock (119,332 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 16, 2025.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.0800 to $4.2400 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 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.
- [F5]The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.
- [F6]The RSUs vest as to 12.50% of the total shares quarterly, commencing November 15, 2024, with 100% of the total shares vested on August 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.
Signature
/s/ Tammy Albarran as attorney-in-fact for Elizabeth F. Coddington|2026-02-18