Karen Boone, a director at Peloton Interactive, Inc. (NASDAQ:PTON), filed a statement of changes in beneficial ownership on September 11, 2026, reporting the vesting of restricted stock units and the resulting acquisition of Class A Common Stock on September 9, 2026.

Key Highlights

  • Transaction type: An "M" code transaction was reported, reflecting the conversion of restricted stock units (RSUs) into Class A Common Stock.
  • Shares acquired: 9,022 shares of Class A Common Stock were acquired by Boone on September 9, 2026, through RSU vesting.
  • Resulting ownership: Following the transaction, Boone directly holds 245,085 shares of Class A Common Stock, according to the filing.
  • Remaining RSUs: After the vesting event, 9,023 RSUs remain directly held by Boone, per the filing.
  • Price of derivative security: The RSUs converted at $0, as disclosed in Table II of the filing.
  • Vesting schedule: The RSUs vest at 25% quarterly, with dates of March 9, June 9, September 9, and the earlier of December 9, 2026 or the 2026 annual stockholder meeting, subject to continued service.

Boone's RSU Conversion at Peloton Interactive

According to the filing, Karen Boone serves as a director of Peloton Interactive, Inc., the connected fitness company that issues Class A Common Stock traded on the Nasdaq under the symbol PTON. The reported transaction involved the conversion of RSUs, each of which the filing describes as "a contingent right to receive one share of the Issuer's Class A Common Stock," into actual shares at no cost to the reporting person.

The filing details that the vesting is structured so that 25% of the total RSU grant converts to shares on each of four quarterly dates: March 9, 2026, June 9, 2026, September 9, 2026, and the earlier of December 9, 2026 or the date of the 2026 annual meeting of stockholders. The conversion reported here covers the third quarterly installment. Each vesting event is subject to the reporting person's continued provision of service to the issuer on the applicable vesting date, as the filing states. The filing was signed by Tammy Albarran as attorney-in-fact for Karen Boone on September 11, 2026.

After this vesting event, Boone's directly held position in Class A Common Stock stands at 245,085 shares, while 9,023 RSUs remain outstanding and directly held, representing the fourth and final quarterly installment of the grant, according to the disclosure.

What Was Disclosed

The filing reported the vesting of 9,022 RSUs into an equal number of Class A Common Stock shares by Peloton director Karen Boone on September 9, 2026, leaving her with 245,085 shares directly owned and 9,023 RSUs still outstanding.