Peloton Interactive, Inc. announced that on January 16, 2025, its Board of Directors appointed Peter Stern, the company's Chief Executive Officer and President, as a Class II director. Mr. Stern will serve on the Board until the 2027 annual meeting of stockholders or until a successor is duly elected or qualified. He has been Peloton's CEO since January 1, 2025.

There are no arrangements, understandings, or material interests in transactions requiring disclosure under Item 404(a) of Regulation S-K related to Mr. Stern’s appointment. He will not receive additional compensation for his Board service.