SHAREHOLDERS DESERVE MORE INFORMATION Blackwells has submitted a formal demand to inspect Blackwells’ Demand to Inspect Peloton’s Books and Records Peloton’s books and records for the following purposes: ▪ Investigating possible breaches of fiduciary duty, mismanagement, and other violations of law by members of the Company’s Board and management in connection with: ▪ Testing the veracity of the statements of Directors and Officers concerning revenue, profits, and inventory ▪ Testing the propriety of the Company’s public disclosures regarding safety of its Tread and Tread+ products ▪ Investigating Mr. Foley’s and Ms. Foley’s suitability for office Source: https://www.blackwellscap.com/wp-content/uploads/2022/02/2022.02.07-Letter-from-C.-Duffy-to-H.-Kushi.pdf 64