PINTEREST, INC. — Director's Dealing 2020

Nov 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2020-10-30

Reporting Person: Levine Jeremy S. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-30	Class A Common Stock	G	250000	—	Disposed	1770495	Direct
2020-10-30	Class A Common Stock	G	746000	—	Disposed	1024495	Direct
2020-10-30	Class A Common Stock	G	3364	—	Disposed	1021131	Direct
2020-10-30	Class A Common Stock	A	746000	—	Acquired	746000	Indirect
2020-10-30	Class A Common Stock	G	29533	—	Disposed	716467	Indirect
2020-10-30	Class A Common Stock	G	186915	—	Disposed	529552	Indirect
2020-10-30	Class A Common Stock	S	76898	$58.7982	Disposed	452654	Indirect
2020-10-30	Class A Common Stock	S	37136	$59.6209	Disposed	415518	Indirect
2020-10-30	Class A Common Stock	S	18354	$60.487	Disposed	397164	Indirect
2020-11-02	Class A Common Stock	S	17586	$56.9909	Disposed	379578	Indirect
2020-11-02	Class A Common Stock	S	56443	$57.929	Disposed	323135	Indirect
2020-11-02	Class A Common Stock	S	55813	$58.7778	Disposed	267322	Indirect
2020-11-02	Class A Common Stock	S	2546	$59.5111	Disposed	264776	Indirect
2020-10-30	Class A Common Stock	A	3364	—	Acquired	3364	Indirect
2020-10-30	Class A Common Stock	A	29533	—	Acquired	32897	Indirect
2020-10-30	Class A Common Stock	S	4777	$58.7982	Disposed	28120	Indirect
2020-10-30	Class A Common Stock	S	2307	$59.6209	Disposed	25813	Indirect
2020-10-30	Class A Common Stock	S	1140	$60.487	Disposed	24673	Indirect
2020-11-02	Class A Common Stock	S	3273	$56.9909	Disposed	21400	Indirect
2020-11-02	Class A Common Stock	S	10504	$57.929	Disposed	10896	Indirect
2020-11-02	Class A Common Stock	S	10387	$58.7778	Disposed	509	Indirect
2020-11-02	Class A Common Stock	S	473	$59.5111	Disposed	36	Indirect
2020-10-30	Class A Common Stock	A	186915	—	Acquired	186915	Indirect
2020-10-30	Class A Common Stock	S	27142	$58.7982	Disposed	159773	Indirect
2020-10-30	Class A Common Stock	S	13107	$59.6209	Disposed	146666	Indirect
2020-10-30	Class A Common Stock	S	6479	$60.487	Disposed	140187	Indirect
2020-11-02	Class A Common Stock	S	16073	$56.9909	Disposed	124114	Indirect
2020-11-02	Class A Common Stock	S	51588	$57.929	Disposed	72526	Indirect
2020-11-02	Class A Common Stock	S	51012	$58.7778	Disposed	21514	Indirect
2020-11-02	Class A Common Stock	S	2327	$59.5111	Disposed	19187	Indirect

Footnotes

F1: Represents a charitable donation by the Reporting Person of shares of Class A common stock, par value $0.00001 (Class A Common Stock).

F2: These securities consist of 1,757,055 shares of Class A Common Stock and 13,440 Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.

F3: The Reporting Person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to the RSUs or any proceeds from the sale thereof.

F4: Represents a bona fide gift by the Reporting Person to his spouse of shares of Class A Common Stock.

F5: These securities consist of 1,011,055 shares of Class A Common Stock and 13,440 RSUs.

F6: Represents a bona fide gift by the Reporting Person to the Levtaq 2020 Trust (Trust) of shares of Class A Common Stock.

F7: These securities consist of 1,007,691 shares of Class A Common Stock and 13,440 RSUs.

F8: Represents a bona fide gift by the Reporting Person's Spouse to the Trust of shares of Class A Common Stock.

F9: Represents a bona fide gift by the Reporting Person's Spouse to the Levtaq 2020 Insurance Trust (Insurance Trust) of shares of Class A Common Stock.

F10: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.12 to $59.12 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F11: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $59.13 to $60.13 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.14 to $61.02 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.38 to $57.38 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F14: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $57.39 to $58.39 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F15: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $58.40 to $59.40 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F16: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $59.41 to $59.77 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17: Mr. Levine disclaims beneficial ownership of the shares held by the Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in the Trust.

F18: Mr. Levine disclaims beneficial ownership of the shares held by the Insurance Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in the Trust.