Statement of Ownership (sc 13g)
February 14 2020 - 4:34PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. n/a)*
PELOTON
INTERACTIVE, INC.
(Name of Issuer)
Class A Common Stock, par value $0.000025
(Title of Class of Securities)
70614W100
(CUSIP Number)
December 31, 2019
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
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The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 70614W100
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1.
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NAMES OF REPORTING PERSONS
Hisao Kushi
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2.
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
(a) ☐ (b) ☐
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3.
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SEC USE ONLY
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4.
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United
States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5.
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SOLE VOTING POWER
3,300,000(1)(2)
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6.
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SHARED VOTING POWER
1,000,000(2)(3)
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7.
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SOLE DISPOSITIVE POWER
3,300,000(1)(2)
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8.
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SHARED DISPOSITIVE POWER
1,000,000(2)(3)
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9.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,300,000(1)(2)(3)
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10.
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
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11.
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9)
8.94%(4)
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12.
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TYPE OF REPORTING
PERSON
IN
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(1)
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Represents 3,300,000 shares underlying options to purchase Class B common stock that are exercisable
within 60 days of December 31, 2019, of which 1,527,084 shares are unvested and subject to repurchase by the Issuer.
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(2)
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Each share of Class B common stock is convertible at any time at the election of the holder into one share
of Class A common stock.
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(3)
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Represents 623,503 shares of Class B common stock held by the Kushi Family Trust dated 6/3/2013 and
376,497 shares of Class B common stock held by the Kushi Family 2018 GRAT DTD 9/27/2018, which shares the Reporting Person could be deemed to have voting or dispositive power over.
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(4)
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The percentage reported in row 11 is calculated in accordance with Rule
13d-3 based on the aggregate number of shares of Class B common stock beneficially owned by the Reporting Person assuming conversion of such stock into Class A common stock (and excluding the
conversion of shares of Class B common stock held by other persons) and an aggregate of 43,794,644 shares of Class A common stock outstanding as of December 31, 2019, as reported by the Issuer to the Reporting Person, plus the number
of options to purchase shares of Class B common stock held by the Reporting Person that are exercisable within 60 days of December 31, 2019, which are treated as converted into Class A common stock only for the purpose of computing
the percentage ownership of the Reporting Person.
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CUSIP No. 70614W100
Item 1(a).
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Name of Issuer:
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Peloton Interactive, Inc.
Item 1(b).
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Address of Issuers Principal Executive Offices:
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125 West 25th Street, 11th Floor, New York, New York, 10001
Item 2(a).
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Name of Reporting Person:
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Hisao Kushi
Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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The address for the principal business office of Hisao Kushi is:
c/o Peloton Interactive, Inc.
125 West 25th Street, 11th Floor, New York, New York, 10001
United States
Item 2(d).
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Title of Class of Securities:
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Class A Common Stock, par value $0.000025
70614W100
Item 3.
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If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
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This statement is not filed pursuant to
Rule 13d-1(b) or 13d-2(b) or (c)
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(a)
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Amount beneficially owned: See row 9 of the cover page for the Reporting Person.
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(b)
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Percent of class: See row 10 of the cover page for the Reporting Person.
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(c)
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Number of shares as to which the person has:
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a.
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Sole power to vote or direct the vote: See row 5 of the cover page for the Reporting Person.
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b.
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Shared power to vote or direct the vote: See row 6 of the cover page for the Reporting Person.
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c.
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Sole power to dispose or to direct the disposition of: See row 7 of the cover page for the Reporting
Person.
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d.
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Shared power to dispose of or direct the disposition of: See row 8 of the cover page for the Reporting
Person.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Not applicable.
CUSIP No. 70614W100
Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable.
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the
Parent Holding Company:
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Not applicable.
Item 8.
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Identification and Classification of Members of the Group:
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Not applicable.
Item 9.
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Notice of Dissolution of Group:
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Not applicable.
Not applicable.
CUSIP No. 70614W100
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2020
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HISAO KUSHI
/s/ Hisao Kushi
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