PELOTON INTERACTIVE INC
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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Dec 31, 2023 · Filed Feb 1, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Plans
On November 27, 2023, Andy Rendich, our Chief Supply Chain Officer, entered into a pre-arranged stock trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended (each such plan, a “Rule 10b5-1 Plan”). Mr. Rendich’s Rule 10b5-1 Plan provides for an aggregate sale of (i) up to 94,188 shares of the Company’s Class A common stock plus (ii) up to 254,364 shares of the Company’s Class A common stock, net of taxes, upon the vesting of certain restricted stock units (“RSUs”) between February 26, 2024 and February 25, 2025. Each RSU represents a contingent right to receive one share of the Company’s Class A common stock.
On December 7, 2023, Jennifer Cotter, our Chief Content Officer, entered into a Rule 10b5-1 Plan. Ms. Cotter’s Rule 10b5-1 Plan provides for the potential aggregate sale of (i)43,410 shares of the Company’s Class A common stock, (ii) up to 336,750 shares of the Company’s Class A common stock upon the exercise of certain stock options, and (iii) up to 498,239 shares of the Company’s Class A common stock, net of taxes, upon the vesting of certain RSUs between March 7, 2024 and March 5, 2025.
Each of the Rule 10b5-1 Plans described above is in accordance with our Insider Trading Compliance Policy and Procedures. Sales pursuant to the Rule 10b5-1 Plans will be disclosed in filings made with the SEC in accordance with Section 16 of the Exchange Act.
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