Cardio perk on a bike?

[Al Capwn]

Does holding shift to increase speed on a bike count as sprinting for the purposes of the perk "Rule 1: Cardio" in the Fortitude section?
I find bikes to be an incredibly convenient means of transportation and I'd like to make more effective use of them but I don't want to sink any points into the sprinting perk without knowing that it works because that respec-juice is expensive.