PINTEREST, INC. — Director's Dealing 2020

Aug 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2020-08-04

Reporting Person: Levine Jeremy S. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-04	Class A Common Stock	S	240207	$34.4054	Disposed	2155288	Direct
2020-08-04	Class A Common Stock	S	109793	$34.9366	Disposed	2045495	Direct
2020-08-05	Class A Common Stock	S	13567	$35.6026	Disposed	2031928	Direct
2020-08-05	Class A Common Stock	S	11433	$35.9555	Disposed	2020495	Direct

Footnotes

F1: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $33.83 to $34.82 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.

F2: These securities consist of 2,141,848 Class A common stock, par value $0.00001 (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: Includes 311,107 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Venture Partners VII L.P. ("BVP VII"), Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst") BVP Special Opportunity Fund VII L.P. ("BVP VII SOF"), Deer VII & Co. Ltd. ("Deer VII Ltd."), and Deer VII L.P. ("Deer VII LP" and together with BVP VII, BVP VII Inst, BVP VII SOF, and Deer VII Ltd.", the "BVP VII Funds"), on June 8, 2020, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended and 1,067,814 previously reported pro rate distributions-in-kind from the BVP VII Funds.

F4: Includes 618,463 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from the BVP VII Funds, on August 4, 2020 which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

F5: 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.

F6: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.83 to $35.06 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.

F7: These securities consist of 2,032,055 Class A Common Stock and 13,440 RSUs.

F8: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.82 to $35.81 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 2,018,488 Class A Common Stock and 13,440 RSUs.

F10: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.82 to $36.25 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: These securities consist of 2,007,055 Class A Common Stock and 13,440 RSUs.