PINTEREST, INC. — Director's Dealing 2019

Apr 18, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Pinterest, Inc. (PINS)
CIK: 0001506293
Period of Report: 2019-04-17

Reporting Person: Levine Jeremy S. (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A-2 Preferred Stock	$		- (0.0)		Indirect
Series B Preferred Stock	$		- (0.0)		Indirect
Series C Preferred Stock	$		- (0.0)		Indirect
Series D Preferred Stock	$		- (0.0)		Indirect
Series E Preferred Stock	$		- (0.0)		Indirect
Series F Preferred Stock	$		- (0.0)		Indirect
Series G Preferred Stock	$		- (0.0)		Indirect

Footnotes

F1: All shares of preferred stock will automatically be converted on a one-for-one basis into shares of common stock of the Pinterest, Inc. (the Company) prior to the closing of the Company's initial public offering (IPO). Immediately thereafter, but still prior to the closing of the Company's IPO, all shares of common stock will be reclassified into shares of Class B common stock, par value $0.00001 (Class B Common Stock), of the Company. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Class A common stock, par value $0.00001, of the Company (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.

F2: Bessemer Venture Partners VII Institutional L.P. (BVP VII Institutional) owns 7,400,114 shares of Series A-2 Preferred Stock. Bessemer Venture Partners VII L.P. (BVP II) owns 16,914,503 shares of Series A-2 Preferred Stock. BVP VII Special Opportunity Fund L.P. (BVP VII Special, and together with BVP VII Institutional and BVP II, the BVP Entities) owns 28,543,071 shares of Series A-2 Preferred Stock.

F3: Mr. Levine is a director of Deer VII & Co. Ltd., which is the general partner of Deer VII & Co. L.P., the general partner of the BVP Entities. Mr. Levine disclaims beneficial ownership of the securities listed in this report (the securities) and this report shall not be deemed an admission that Mr. Levine is the beneficial owner of such securities, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in the BVP Entities and/or the general partner entities thereof, as applicable.

F4: BVP VII Institutional owns 382,050 shares of Series B Preferred Stock. BVP II owns 873,257 shares of Series B Preferred Stock. BVP VII Special owns 1,473,614 shares of Series B Preferred Stock.

F5: BVP VII Institutional owns 299,964 shares of Series C Preferred Stock. BVP II owns 685,650 shares of Series C Preferred Stock. BVP VII Special owns 1,157,025 shares of Series C Preferred Stock.

F6: BVP VII Institutional owns 215,867 shares of Series D Preferred Stock. BVP II owns 493,411 shares of Series D Preferred Stock. BVP VII Special owns 832,632 shares of Series D Preferred Stock.

F7: BVP VII Institutional owns 16,057 shares of Series E Preferred Stock. BVP II owns 36,702 shares of Series E Preferred Stock. BVP VII Special owns 61,936 shares of Series E Preferred Stock.

F8: BVP VII Institutional owns 6,867 shares of Series F Preferred Stock. BVP II owns 15,700 shares of Series F Preferred Stock. BVP VII Special owns 26,492 shares of Series F Preferred Stock.

F9: BVP VII Institutional owns 3,250 shares of Series G Preferred Stock. BVP II owns 7,427 shares of Series G Preferred Stock. BVP VII Special owns 12,536 shares of Series G Preferred Stock.