<SEC-DOCUMENT>0001140361-19-017228.txt : 20190925
<SEC-HEADER>0001140361-19-017228.hdr.sgml : 20190925
<ACCEPTANCE-DATETIME>20190925211645
ACCESSION NUMBER:		0001140361-19-017228
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190925
FILED AS OF DATE:		20190925
DATE AS OF CHANGE:		20190925

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOAG JAY C
		CENTRAL INDEX KEY:			0001082906

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115385

	MAIL ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Technology Crossover Management IX, Ltd.
		CENTRAL INDEX KEY:			0001698264
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115386

	BUSINESS ADDRESS:	
		STREET 1:		C/O TECHNOLOGY CROSSOVER VENTURES
		STREET 2:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-614-8200

	MAIL ADDRESS:	
		STREET 1:		C/O TECHNOLOGY CROSSOVER VENTURES
		STREET 2:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Technology Crossover Management IX, L.P.
		CENTRAL INDEX KEY:			0001698927
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115387

	BUSINESS ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301
		BUSINESS PHONE:		650-614-8200

	MAIL ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV IX, L.P.
		CENTRAL INDEX KEY:			0001666730
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115388

	BUSINESS ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301
		BUSINESS PHONE:		(650)614-8200

	MAIL ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV IX Cycle GP, LLC
		CENTRAL INDEX KEY:			0001788959
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115389

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV IX (A), L.P.
		CENTRAL INDEX KEY:			0001666731
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115390

	BUSINESS ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301
		BUSINESS PHONE:		(650)614-8200

	MAIL ADDRESS:	
		STREET 1:		528 RAMONA STREET
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV IX Cycle (MF), L.P.
		CENTRAL INDEX KEY:			0001788962
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115391

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV IX Cycle (B), L.P.
		CENTRAL INDEX KEY:			0001788966
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115392

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TCV IX Cycle, L.P.
		CENTRAL INDEX KEY:			0001788958
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39058
		FILM NUMBER:		191115393

	BUSINESS ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-614-8200

	MAIL ADDRESS:	
		STREET 1:		250 MIDDLEFIELD ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PELOTON INTERACTIVE, INC.
		CENTRAL INDEX KEY:			0001639825
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		C/O PELOTON INTERACTIVE, INC.
		STREET 2:		125 W. 25TH ST., 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		866-679-9129

	MAIL ADDRESS:	
		STREET 1:		C/O PELOTON INTERACTIVE, INC.
		STREET 2:		125 W. 25TH ST., 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Peloton Interactive, Inc.
		DATE OF NAME CHANGE:	20150416
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
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<DESCRIPTION>FORM 3
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    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2019-09-25</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001639825</issuerCik>
        <issuerName>PELOTON INTERACTIVE, INC.</issuerName>
        <issuerTradingSymbol>PTON</issuerTradingSymbol>
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            <rptOwnerName>TCV IX Cycle, L.P.</rptOwnerName>
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            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001788966</rptOwnerCik>
            <rptOwnerName>TCV IX Cycle (B), L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
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            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isOther>true</isOther>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001788962</rptOwnerCik>
            <rptOwnerName>TCV IX Cycle (MF), L.P.</rptOwnerName>
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            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    <reportingOwner>
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            <rptOwnerCik>0001666731</rptOwnerCik>
            <rptOwnerName>TCV IX (A), L.P.</rptOwnerName>
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        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001788959</rptOwnerCik>
            <rptOwnerName>TCV IX Cycle GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001666730</rptOwnerCik>
            <rptOwnerName>TCV IX, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001698927</rptOwnerCik>
            <rptOwnerName>Technology Crossover Management IX, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001698264</rptOwnerCik>
            <rptOwnerName>Technology Crossover Management IX, Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>May be part of a 13(d) group</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001082906</rptOwnerCik>
            <rptOwnerName>HOAG JAY C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TCV</rptOwnerStreet1>
            <rptOwnerStreet2>250 MIDDLEFIELD ROAD</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
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                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </directOrIndirectOwnership>
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        </nonDerivativeHolding>
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            <securityTitle>
                <value>Series D Preferred Stock</value>
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            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
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            <exerciseDate>
                <footnoteId id="F2"/>
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            <expirationDate>
                <footnoteId id="F2"/>
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                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
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                <underlyingSecurityShares>
                    <value>1810043</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series D Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
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            <expirationDate>
                <footnoteId id="F2"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>96670</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>TCV IX Cycle (B), L.P.</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series D Preferred Stock</value>
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            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
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            <exerciseDate>
                <footnoteId id="F2"/>
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                <footnoteId id="F2"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
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                <underlyingSecurityShares>
                    <value>139555</value>
                </underlyingSecurityShares>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>TCV IX Cycle (MF), L.P.</value>
                    <footnoteId id="F6"/>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series D Preferred Stock</value>
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            <conversionOrExercisePrice>
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            <exerciseDate>
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                <footnoteId id="F2"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>510727</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>TCV IX (A), L.P.</value>
                    <footnoteId id="F7"/>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
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            <conversionOrExercisePrice>
                <footnoteId id="F8"/>
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            <exerciseDate>
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            <underlyingSecurity>
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                <underlyingSecurityShares>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
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            <securityTitle>
                <value>Series F Preferred Stock</value>
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            <conversionOrExercisePrice>
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            <exerciseDate>
                <footnoteId id="F8"/>
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            <expirationDate>
                <footnoteId id="F8"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
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                <underlyingSecurityShares>
                    <value>392570</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>TCV IX Cycle (B), L.P.</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series F Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F8"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F8"/>
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            <expirationDate>
                <footnoteId id="F8"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>570620</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>TCV IX Cycle (MF), L.P.</value>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series F Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F8"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F8"/>
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            <expirationDate>
                <footnoteId id="F8"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2074031</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>TCV IX (A), L.P.</value>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Jay C. Hoag is a Class A Member of Technology Crossover Management IX, Ltd. (&quot;Management IX&quot;) and Technology Crossover Management X, Ltd. and a limited partner of Technology Crossover Management IX, L.P. (&quot;TCM IX&quot;) and Technology Crossover Management X, L.P. Mr. Hoag is a director of the issuer and directly owns no shares of the issuer.</footnote>
        <footnote id="F2">Each share of the issuer's Series D Preferred Stock will automatically convert into (one) 1 share of the issuer's Class B Common Stock immediately upon the closing of the issuer's initial public offering (&quot;IPO&quot;) and has no expiration date.</footnote>
        <footnote id="F3">Each share of the issuer's Class B Common Stock will automatically be converted into one (1) share of the issuer's Class A Common Stock (a) at the option of the holder and (b) immediately prior to the close of business on the earliest of (i) ten (10) years from the closing of the issuer's IPO, (ii) the date on which the outstanding shares of Class B Common Stock represent less than one percent (1%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding or (iii) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3) of the voting power of the outstanding shares of Class B Common Stock, voting separately as a single class, and has no expiration date.</footnote>
        <footnote id="F4">These shares are directly held by TCV IX Cycle, L.P. (&quot;Cycle IX&quot;).  Mr. Hoag is a Class A Member of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX, L.P., which in turn is the sole member of TCV IX Cycle GP, LLC (&quot;TCV IX Cycle GP&quot;), which in turn is the sole general partner of Cycle IX. Mr. Hoag, Management IX, TCM IX, TCV IX, L.P. and TCV IX Cycle GP may be deemed to beneficially own the shares held by Cycle IX but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.</footnote>
        <footnote id="F5">These shares are directly held by TCV IX Cycle (B), L.P. (&quot;Cycle B IX&quot;). Mr. Hoag is a Class A Member of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX, L.P., which in turn is the sole member of TCV IX Cycle GP, which in turn is the sole general partner of Cycle B IX. Mr. Hoag, Management IX, TCM IX, TCV IX, L.P. and TCV IX Cycle GP may be deemed to beneficially own the shares held by Cycle B IX but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.</footnote>
        <footnote id="F6">These shares are directly held by TCV Cycle IX (MF), L.P. (&quot;Cycle MF IX&quot;).   Mr. Hoag is a Class A Member of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX, L.P., which in turn is the sole member of TCV IX Cycle GP, which in turn is the sole general partner of Cycle MF IX.  Mr. Hoag is also a limited partner of TCV Member Fund, L.P., which is the sole limited partner of Cycle MF IX. Mr. Hoag, Management IX, TCM IX, TCV IX, L.P. and TCV IX Cycle GP may be deemed to beneficially own the shares held by Cycle MF IX but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.</footnote>
        <footnote id="F7">These shares are directly held by TCV IX (A), L.P. (&quot;TCV IX A&quot;). Mr. Hoag is a Class A Member of Management IX and a limited partner of TCM IX. Management IX is the sole general partner of TCM IX, which in turn is the sole general partner of TCV IX A. Mr. Hoag, Management IX and TCM IX may be deemed to beneficially own the shares held by TCV IX A but each disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein.</footnote>
        <footnote id="F8">Each share of the issuer's Series F Preferred Stock will automatically convert into one (1) share of the issuer's Class B Common Stock immediately upon the closing of the issuer's IPO and has no expiration date.</footnote>
    </footnotes>

    <remarks>This Form 3 is filed by more than one Reporting Person and is a joint filing with the Form 3 filed by TCV X Cycle, L.P., TCV X Cycle (B), L.P., TCV X Cycle (MF), L.P., TCV X (A), L.P., TCV X Cycle GP, LLC, TCV X, L.P., Technology Crossover Management X, L.P. and Technology Crossover Management X, Ltd. on September 25, 2019.</remarks>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for TCV IX Cycle, L.P.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for TCV IX Cycle (B), L.P.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for TCV IX Cycle (MF), L.P.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for TCV IX (A), L.P.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for TCV IX Cycle GP, LLC</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for TCV IX, L.P.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for Technology Crossover Management IX, L.P.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for Technology Crossover Management IX, Ltd.</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Frederic D. Fenton, Authorized Signatory
for Jay C. Hoag</signatureName>
        <signatureDate>2019-09-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
