Peloton (PTON) Stock: COO Sells Shares as Legal Battle Heats Up

TLDR

• Peloton COO Charles Peter Kirol sold 22,520 shares on January 16 for about $145,650 at prices between $6.46 and $6.49 per share to cover tax obligations from vested restricted stock units.
• Kirol exercised options on 56,510 shares through converting RSUs on January 15, with the units vesting quarterly in 1/12 installments that started July 15, 2025.
• Peloton filed a lawsuit against the U.S. government on January 7 in the U.S. Court of International Trade challenging tariffs imposed under the International Emergency Economic Powers Act.
• The stock closed regular trading at $5.86 on Tuesday, down 7.42%, and traded at $5.91 in after-hours activity.
• Peloton shares have dropped 30.57% over the past year with the stock trading near 52-week lows at $4.63, showing an RSI of 38.08.

Peloton’s Chief Operating Officer made headlines with a stock sale this week. The transaction comes as the fitness company fights tariffs in court.

Peloton Interactive, Inc., PTON

Charles Peter Kirol sold 22,520 shares of Peloton Class A Common Stock on January 16. The sale brought in approximately $145,650.

The shares sold at a weighted average price ranging from $6.4550 to $6.4944. This wasn’t a typical insider sale though.

SEC filings show the sale was executed to cover tax liability. The taxes stemmed from settled restricted stock units.

Kirol also exercised options on January 15. He acquired 56,510 shares by converting RSUs.

These RSUs vest quarterly in equal 1/12 installments. The vesting schedule began on July 15, 2025.

After these transactions, Kirol holds 81,001 shares. He also maintains 508,590 restricted stock units.

Legal Fight Over Trump-Era Tariffs

The COO’s stock moves aren’t the only news making waves. Peloton filed a lawsuit against the U.S. government on January 7.

The suit targets tariffs imposed under the International Emergency Economic Powers Act. Former President Donald Trump put these tariffs in place.

Peloton filed the case in the U.S. Court of International Trade. The company wants the tariffs declared unlawful.

They’re also requesting a full refund. This would cover all tariffs the company has paid.

The legal action adds another layer to Peloton’s current challenges. It could affect the company’s financial position going forward.

Stock Performance Shows Weakness

The market hasn’t been kind to Peloton lately. Shares closed regular trading at $5.86 on Tuesday.

That represented a 7.42% drop for the day. After-hours trading saw a slight bump to $5.91.

The year-over-year numbers paint a tougher picture. Peloton stock has fallen 30.57% over the past 12 months.

The company’s market cap sits at $2.45 billion. Its 52-week range spans from $4.63 to $10.25.

Current trading puts the stock at 21.89% of its 52-week range. That means shares are trading much closer to their lows than their highs.

The Relative Strength Index stands at 38.08. This technical indicator suggests the stock is approaching oversold territory.

Limited buying interest appears evident from the current price action. The stock’s position near yearly lows could test support levels.

Shares traded at $5.91 in after-hours activity on Tuesday, up 0.85% from the regular session close.

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