PELOTON INTERACTIVE, INC. — Director's Dealing 2026

Feb 19, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PELOTON INTERACTIVE, INC. (PTON)
CIK: 0001639825
Period of Report: 2026-02-15

Reporting Person: Sanders Dion C. (Chief Commercial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-15	Class A Common Stock	M	5990	—	Acquired	5990	Direct
2026-02-15	Class A Common Stock	M	17151	—	Acquired	23141	Direct
2026-02-15	Class A Common Stock	M	54946	—	Acquired	78087	Direct
2026-02-15	Class A Common Stock	M	12584	—	Acquired	90671	Direct
2026-02-15	Class A Common Stock	M	40000	—	Acquired	130671	Direct
2026-02-15	Class A Common Stock	M	104415	—	Acquired	235086	Direct
2026-02-17	Class A Common Stock	S	88242	$4.1368	Disposed	146844	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-15	Restricted Stock Unit (RSU)	$	M	5990	Disposed		Class A Common Stock (5990)	Direct
2026-02-15	Restricted Stock Unit (RSU)	$	M	17151	Disposed		Class A Common Stock (17151)	Direct
2026-02-15	Restricted Stock Unit (RSU)	$	M	54946	Disposed		Class A Common Stock (54946)	Direct
2026-02-15	Restricted Stock Unit (RSU)	$	M	12584	Disposed		Class A Common Stock (12584)	Direct
2026-02-15	Restricted Stock Unit (RSU)	$	M	40000	Disposed		Class A Common Stock (40000)	Direct
2026-02-15	Restricted Stock Unit (RSU)	$	M	104415	Disposed		Class A Common Stock (104415)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.0950 to $4.2150 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, 2022, with 100% of the total shares vested on February 15, 2026, 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 May 15, 2023, with 100% of the total shares vested on February 15, 2027, subject to the Reporting Person's provision of service to the Issuer on each vesting date.

F6: 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.

F7: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2022, 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.

F8: 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.

F9: 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.