5 LOSS OF CREDIBILITY: MISLED INVESTORS ON NEAR-TERM CAPITAL NEEDS Peloton stock dives further after $1 billion public stock offering¹ On Peloton’s first quarter 2022 earnings call on Just twelve days later, on November 16, 2021, November 4, 2021, CFO Jill Woodworth reiterated Peloton announced a new $1.1 billion public that Peloton did not need any additional capital stock offering³ “…we don’t see the need “[Peloton] today for any additional capital announced the pricing of raise based on our an underwritten public current outlook.”2 offering of 23,913,043 Jill Woodworth, Peloton CFO shares of its Class A common stock…”3 Peloton’s stock declined to a new 17-month low on the news 1. Source: https://www.marketwatch.com/story/peloton-stock-dives-further-after-1-billion-public-stock-offering-2021-11-16. 38 2. Jill Woodworth on Peloton Interactive Q1 2022 Earnings Call. 3. Source: Peloton Interactive, Inc. Announces Pricing Of Public Offering Of Class A Common Stock Press Release on November 16, 2021.