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: Morgenfeld Todd R (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2249999	Direct

Footnotes

F1: Prior to the closing of Pinterest, Inc.'s (the Company) initial public offering (the IPO), each share of common stock will be automatically reclassified into one share of Class B common stock, par value $0.00001, of the Company (Class B Common Stock). 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, 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: These securities consist of 2,249,999 Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F3: The Reporting Person was granted 1,083,333 RSUs on February 3, 2017, for which 6.25% of the total number of RSUs will vest at the end of each three-month period occurring during the four-year period commencing November 7, 2016 and ending on November 7, 2020, subject to the Reporting Person's continued service through each such date. The Reporting Person was granted 1,166,666 RSUs on August 1, 2018, for which (i) 2.5% of the total number of RSUs vest at the end of each three-month period occurring during the two-year period commencing December 20, 2018 and ending on December 20, 2020 and (ii) 10% of the total number of RSUs vest at the end of each three-month period occurring during the two-year period commencing December 20, 2020 and ending on December 20, 2022, subject to the Reporting Person's continued service through each such date.