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PINTEREST, INC. — Director's Dealing 2020
Aug 1, 2020
30250_dirs_2020-07-31_2c4e4c32-e328-4d70-8781-a2aa936eac97.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2020-07-29
Reporting Person: Sharp Evan (Director, Co-Founder & Chief Design & Cr)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-07-29 | Class A Common Stock | C | 62500 | — | Acquired | 62500 | Direct |
| 2020-07-29 | Class A Common Stock | S | 62500 | $24.98 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-07-29 | Stock Option | $0.0373 | M | 62500 | Disposed | 2021-07-31 | Class B common stock (62500.0) | Direct |
| 2020-07-29 | Class B common stock | $ | M | 62500 | Acquired | Class A Common Stock (62500.0) | Direct | |
| 2020-07-29 | Class B common stock | $ | C | 62500 | Disposed | Class A Common Stock (62500.0) | 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 62,500 shares of Class B Common Stock into 62,500 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: All stock options are fully vested and exercisable.
F5: These securities consist of 1,756,780 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.
F6: These securities consist of 1,694,280 shares of Class B Common Stock and 1,750,001 previously reported RSUs.