1 PELOTON’S CORPORATE GOVERANCE IS AMONG THE WORST IN AMERICA X Peloton has an overall Governance QualityScore of 9/10 and a 10/10, the worst score possible, for Shareholder Rights from ISS ISS recommended against every Peloton director up for election Quality Score X at the 2020 and the 2021 Annual Meetings 10 = Highest Possible Risk X Peloton has the worst possible score for environmental disclosure and governance risk, and nearly the worst possible score for social and human rights disclosure X Peloton’s governance provides very few mechanisms to hold the Board accountable ▪ A second class of supervoting shares (at a ratio of 20-to-1) ▪ No Proxy Access provision ▪ No ability to call a special meeting or act by written consent ▪ No majority vote standard to elect directors ▪ Classified Board structure ▪ Bylaw amendments require a supermajority vote Source: ISS Report, Peloton Interactive, Inc., November 23, 2021 45