COMCAST CORP — Director's Dealing 2019

Sep 26, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PELOTON INTERACTIVE, INC. (PTON)
CIK: 0001639825
Period of Report: 2019-09-25

Reporting Person: COMCAST CORP (10% Owner)
Reporting Person: NBCUniversal, LLC (10% Owner)
Reporting Person: NBCUniversal Media, LLC (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0		Class A Common Stock (10340864)		Indirect

Footnotes

F1: Each share of Class B common stock is convertible at any time at the option of Comcast Corporation into one share of Class A common stock. All shares of Class B common stock will automatically convert into shares of Class A common stock upon the occurrence of certain events specified in the Issuer's sixth amended and restated certificate of incorporation. Subject to such automatic conversion, the shares of Class B common stock have no expiration date.

F2: Based on the Issuer's Form S-1/A filed with the U.S. Securities and Exchange Commission (the "SEC") on September 10, 2019 (the "Form S-1"), Comcast's holding of shares of Class B common stock is deemed to represent a beneficial ownership more than 10% of the outstanding shares of Class A common stock. However, based on the Form S-1, Comcast's shares of Class B common stock represent less than 5% of total equity and voting power of all shares of the Issuer's Class A common stock and Class B common stock on a combined basis.

F3: NBCUniversal Media, LLC is a wholly owned subsidiary of NBCUniversal, LLC; Comcast Corporation owns 100% of NBCUniversal, LLC's common equity (through wholly owned subsidiaries).