Item 8.01. Other Events.Peloton Interactive, Inc. (the "Company") announced that, onSeptember 16, 2020 ,John Foley , Chief Executive Officer, Co-Founder and Chairman of the Board of Directors, entered into pre-arranged stock trading plan to sell a limited amount of the Company's shares for personal financial management purposes, both designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company's insider trading policies regarding stock transactions (the "10b5-1 Plan"). The 10b5-1 Plan entered into byMr. Foley allows for the sale of up to 2,400,000 shares of the Company's Class A common stock,$0.000025 par value per share (the "Plan Shares"). Sales pursuant to the 10b5-1 Plan are expected to begin as early asNovember 9, 2020 and will terminate no later thanOctober 31, 2022 , unless terminated sooner in accordance with the 10b5-1 Plan's terms. Based onMr. Foley's beneficial ownership as ofAugust 31, 2020 , the Plan Shares expected to be sold throughOctober 31, 2022 would have represented the disposition byMr. Foley of approximately 6.6% of his aggregate holdings per year. Transactions made under the 10b5-1 Plan will be disclosed publicly through Form 4 filings with theSecurities and Exchange Commission . Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 pre-planned stock trading plans of Company officers, nor to report modifications or terminations of the aforementioned 10b5-1 Plans or the plan of any other individual.
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