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PINTEREST, INC. — Director's Dealing 2019
Sep 25, 2019
30250_dirs_2019-09-24_fc1dae5e-b26a-4335-8200-ca584387b90b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Pinterest, Inc. (PINS)
CIK: 0001506293
Period of Report: 2019-06-20
Reporting Person: Morgenfeld Todd R (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-06-20 | Class A Common Stock | C | 302278 | — | Acquired | 302278 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-06-20 | Class B common stock | $ | C | 302278 | Disposed | Class A Common Stock (302278.0) | Direct | |
| 2019-09-20 | Class B common stock | $ | F | 51005 | Disposed | Class A Common Stock (51005.0) | Direct |
Footnotes
F1: Due to an administrative error, a Form 4 was inadvertently not filed in a timely manner on behalf of the Reporting Person to report the conversion of 302,278 shares of Class B common stock, par value $0.00001 (Class B Common Stock) into 302,278 shares of Class A common stock, par value $0.00001 (Class A Common Stock) on June 20, 2019 at the option of the Reporting Person.
F2: Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Company's Class A Common Stock. Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer.
F3: These securities consist of 45,874 shares of Class B Common Stock and 1,514,572 previously reported restricted stock units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
F4: Represents shares of Class B Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of RSUs previously reported.
F5: These securities consist of 91,743 shares of Class B Common Stock and 1,417,698 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.