Like others, I searched for a "Peloton Cell Phone Mount" and was shocked to see that most of the other products have some sort of adhesive in them. No, I don't want to put something sticky on the very expensive screen of my very expensive bike? hard pass. This little device is such a simple solution. It comes with four rubber bands (a set of 2 black and 2 red) and clear instructions on what size rubber bands are and where to use them when 'installing' the device. It fits my iPhone 12 perfectly and I have more space and I also have a remote control for a fan nearby that I want to hide there as well. I no longer have to use one of my water bottle holders to place my phone - and you know I messed around and dropped my phone while removing it from my water bottle holder! I think it's a bit overpriced for what is basically a small plastic tray and some (very strong) rubber bands, but it's sturdy and a good size and solves my problem. So I'm happy with my purchase and would recommend it to others.
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