FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Draft Howard C. 2. Issuer Name and Ticker or Trading Symbol PELOTON INTERACTIVE, INC. [ PTON ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
C/O PELOTON INTERACTIVE, INC., 441 NINTH AVENUE, SIXTH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)
9/17/2021
(Street)
NEW YORK, NY 10001
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock  9/17/2021    C    3334 (1) A $0  267501  D   
Class A Common Stock  9/17/2021    C    6666 (1) A $0  274167  D   
Class A Common Stock  9/17/2021    S(2)    10000  D $104.33  264167  D   
Class A Common Stock  9/17/2021    S(2)    1500  D $104.33  112195  I  By Spouse 
Class A Common Stock                 34483  I  By Howard Craig Draft Living Trust (3)
Class A Common Stock                 17241  I  By IRA (4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy Class B Common Stock)  $3.28  9/17/2021    M        3334    (5) 4/1/2028  Class B Common Stock (6) 3334.0  $0  20000  D   
Class B Common Stock   (6) 9/17/2021    M     3334       (6)  (6) Class A Common Stock  3334.0  $0  306266  D   
Class B Common Stock   (6) 9/17/2021    C        3334 (7)   (6)  (6) Class A Common Stock  3334.0  $0  302932  D   
Stock Option (right to buy Class B Common Stock)  $8.82  9/17/2021    M        6666    (8) 1/16/2029  Class B Common Stock (6) 6666.0  $0  202501  D   
Class B Common Stock   (6) 9/17/2021    M     6666       (6)  (6) Class A Common Stock  6666.0  $0  309598  D   
Class B Common Stock   (6) 9/17/2021    C        6666 (7)   (6)  (6) Class A Common Stock  6666.0  $0  302932  D   

Explanation of Responses:
(1)  Represents the number of shares that were acquired upon conversion of Class B Common Stock to Class A Common Stock.
(2)  The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
(3)  These shares are held of record by Howard Draft and Louis R Malikow, Trustees of the Howard Craig Draft Living Trust u/a/d 2/22/1991.
(4)  These shares are held of record by Goldman Sachs, Custodian of the reporting person's IRA.
(5)  The option vests as to 2.0833% of the total shares monthly, commencing April 15, 2018, with 100% of the total shares vested on March 15, 2022, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.
(6)  Each share of the issuer's Class B Common Stock will automatically convert into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's initial public offering, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class, and has no expiration date.
(7)  The holder elected to convert the Class B Common Stock to Class A Common Stock on a 1-for-1 basis.
(8)  The option vests as to 2.0833% of the total shares monthly, commencing February 17, 2019, with 100% of the total shares vested on January 17, 2023, subject to the reporting person's provision of service to the issuer on each vesting date. The option provides for an early-exercise provision and is exercisable as to unvested shares, subject to the issuer's right of repurchase.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Draft Howard C.
C/O PELOTON INTERACTIVE, INC.
441 NINTH AVENUE, SIXTH FLOOR
NEW YORK, NY 10001
X



Signatures
/s/ Bart Goldstein as attorney-in-fact for Howard Draft 9/21/2021
**Signature of Reporting Person Date
Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Peloton Interactive Charts.
Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Peloton Interactive Charts.