PINTEREST, INC. — Director's Dealing 2020

Sep 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2020-09-16

Reporting Person: Sharp Evan (Director, Co-Founder & Chief Design & Cr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-16	Class A Common Stock	C	34599	—	Acquired	34599	Direct
2020-09-16	Class A Common Stock	S	18009	$36.9655	Disposed	16590	Direct
2020-09-16	Class A Common Stock	S	16590	$37.4183	Disposed	0	Direct
2020-09-16	Class A Common Stock	C	1462319	—	Acquired	1462319	Direct
2020-09-16	Class A Common Stock	S	987600	$36.9965	Disposed	474719	Direct
2020-09-16	Class A Common Stock	S	474719	$37.4743	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-16	Class B common stock	$	C	34599	Disposed		Class A Common Stock (34599.0)	Direct
2020-09-16	Stock Option	$0.0373	M	1462319	Disposed	2021-07-31	Class B common stock (1462319.0)	Direct
2020-09-16	Class B common stock	$	M	1462319	Acquired		Class A Common Stock (1462319.0)	Direct
2020-09-16	Class B common stock	$	C	1462319	Disposed		Class A Common Stock (1462319.0)	Direct

Footnotes

F1: Each share of Class B common stock, par value $0.00001 (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 (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: Represents the conversion of 34,599 shares of Class B Common Stock into 34,599 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

F3: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F4: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36.6800 to $37.2000 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.

F5: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.2250 to $37.8200 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.

F6: Represents the conversion of 1,462,319 shares of Class B Common Stock into 1,462,319 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

F7: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $36.6350 to $37.2700 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.

F8: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $37.2750 to $37.8800 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.

F9: These securities consist of 1,226,573 shares of Class B Common Stock and 1,750,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F10: All stock options are fully vested and exercisable.

F11: These securities consist of 2,688,892 shares of Class B Common Stock and 1,750,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.