5 LOSS OF CREDIBILITY: MIS-EXECUTION HAS CRUSHED EMPLOYEE MORALE Foley has lost credibility internally, driving employee morale to an all-time low “Morale is at an all-time low. The Company is spinning out so fast.”1 2 3 Peloton Hit with Minnesota Wage and Hour Class Action by CHRISTINA TABACCO October 29, 2021 Alawsuitfiled on Wednesday accuses tech-fitness company Peloton Interactive Inc. of skimping on wages owed to some hourly employees. 1. Source: https://markets.businessinsider.com/news/stocks/peloton-stock-falls-below-ipo-price-production-halt-demand-drop-2022-1. 37 2. Source: https://www.bloomberg.com/news/articles/2022-01-28/peloton-s-extreme-sales-quotas-led-to-unpaid- overtime-suit-says. 3. Source: https://lawstreetmedia.com/news/tech/peloton-hit-with-minnesota-wage-and-hour-class-action/.