Nantahala Capital Management Reports New 7.31% Stake in Peloton Interactive, Inc.

On May 15, 2026, Nantahala Capital Management, LLC, alongside its managing members Wilmot B. Harkey and Daniel Mack, filed a Schedule 13G disclosing a significant new position in Peloton Interactive, Inc. (PTON). As of the event date of March 31, 2026, the reporting persons collectively acquired beneficial ownership of 29,938,900 shares of Class A common stock. This position represents approximately 7.31% of the company's outstanding shares. The filing indicates that the shares are held by various funds and separately managed accounts under the control of Nantahala Capital Management. The reporting persons share voting and dispositive power over the entire block of 29,938,900 shares. This acquisition is categorized as a passive investment, as the filing includes a certification that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This move marks a substantial entry into Peloton Interactive by the Connecticut-based investment adviser.