Coddington Elizabeth F 4
4 · PELOTON INTERACTIVE, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Peloton (PTON) CFO Elizabeth Coddington Sells 21,819 Shares
What Happened
Elizabeth F. Coddington, Peloton's Chief Financial Officer, had 21,819 Restricted Stock Units (RSUs) convert to shares (reported as an exercise/conversion of a derivative) on 2026-03-13. The filing shows a disposition of those 21,819 shares at $0.00 on 2026-03-13 (reported as a derivative disposition) and an open-market sale of 21,819 shares on 2026-03-16 at a weighted average price of $3.87, generating total gross proceeds of $84,501. The sale was executed under a pre-established Rule 10b5-1 trading plan.
Key Details
- Primary dates: RSU conversion/exercise reported 2026-03-13; market sale executed 2026-03-16; Form 4 filed 2026-03-17. Filing appears timely (within SEC two-business-day window).
- Market sale: 21,819 shares sold, weighted average price $3.87, total proceeds $84,501. Reported sale prices ranged from $3.85 to $3.91 per share (footnote).
- Derivative entry: 21,819 shares shown as disposed at $0.00 on 2026-03-13 in connection with the RSU conversion (filing does not explicitly state the reason for the $0.00 disposition).
- Plan/vesting notes: Sales were made under a Rule 10b5-1 plan adopted May 16, 2025 (footnote). Each RSU represents a contingent right to one share; vesting schedule noted in filing (full vesting by June 13, 2026, subject to service).
- Shares owned after transaction: Not specified in the information provided.
Context
- This was a sale of shares that resulted from RSU conversion rather than an open-market purchase—sales are generally viewed as routine liquidity events (especially when executed under a 10b5-1 plan).
- The $0.00 disposition on the same day as conversion commonly reflects shares withheld or transferred to satisfy tax or other withholding obligations, though the filing does not state that explicitly.
- No purchase/insider buy signal here; the transaction shows conversion of awards and subsequent sale under a pre-set plan.
Insider Transaction Report
Form 4
Coddington Elizabeth F
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-13+21,819→ 368,354 total - Sale
Class A Common Stock
[F2][F3]2026-03-16$3.87/sh−21,819$84,501→ 346,535 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F4]2026-03-13−21,819→ 21,819 total→ Class A Common Stock (21,819 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 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 $3.8500 to $3.9100 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 RSU vests as to 25% of the total shares on June 13, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on June 13, 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|2026-03-17