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Peloton Interactive COO Kirol Charles Peter sells 20633 shares at $6.39/share.
ByAinvest
Wednesday, Jul 16, 2025 8:39 pm ET1min read
Peleton Interactive, Inc. [PTON] has announced that Kirol Charles Peter, Chief Operating Officer, has sold 20,633 shares at a price of $6.39 per share on July 16, 2025.
Peloton Interactive, Inc. [PTON] has announced that Kirol Charles Peter, the company's Chief Operating Officer (COO), has sold 20,633 shares of Class A Common Stock at a price of $6.39 per share on July 16, 2025. The transaction was reported in a Form 4 filing with the U.S. Securities and Exchange Commission (SEC) [1].The sale is part of a broader trend of share sales by Peloton executives. Kirol's sale follows a previous transaction where he acquired 56,510 shares of Class A Common Stock on July 15, 2025, at a price of $6.43 per share [1]. The total number of shares sold by Kirol in these transactions is 77,143, with a total value of approximately $490,000.
Peloton has been facing challenges in recent quarters, with revenue and subscriber numbers declining. The company has made progress in cost-cutting, but a turnaround depends on returning the top line to growth [2]. The stock has seen significant volatility, falling 20% through the first half of the year according to data from S&P Global Market Intelligence [2].
The sale of shares by Kirol is part of a broader trend of executive share sales at Peloton. In April, the company announced a leadership transition, bringing in Charles Kirol as COO. The COO's role is crucial in driving operational efficiency and cost-cutting efforts, which have been essential for Peloton's financial stability [2].
Investors should monitor Peloton's ongoing financial performance and strategic initiatives to gauge the company's prospects for a turnaround. The stock's recent volatility and the broader market conditions will continue to influence its performance.
References:
[1] https://www.streetinsider.com/SEC+Filings/Form+4+PELOTON+INTERACTIVE%2C+For%3A+Jul+15+Filed+by%3A+Kirol+Charles+Peter/25061276.html
[2] https://finance.yahoo.com/news/why-peloton-stock-lost-20-213500831.html
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