PINTEREST, INC. — Director's Dealing 2020

May 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2020-05-19

Reporting Person: Flores Christine (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-19	Class A Common Stock	C	15677	—	Acquired	310549	Direct
2020-05-19	Class A Common Stock	S	15677	$19.1583	Disposed	294872	Direct
2020-05-20	Class A Common Stock	C	6809	—	Acquired	301681	Direct
2020-05-20	Class A Common Stock	S	6809	$19.0838	Disposed	294872	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-19	Class B common stock	$	C	15677	Disposed		Class A Common Stock (15677.0)	Direct
2020-05-20	Class B common stock	$	C	6809	Disposed		Class A Common Stock (6809.0)	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 15,677 shares of Class B Common Stock into 15,677 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: These securities consist of 15,677 shares of common stock and 294,872 Restricted Stock Awards (RSAs). Each RSA represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001, subject to vesting.

F4: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F5: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.0050 to $19.3250 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: These securities consist of 294,872 RSAs.

F7: Represents the conversion of 6,809 shares of Class B Common Stock into 6,809 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.

F8: These securities consist of 6,809 shares of common stock and 294,872 RSAs.

F9: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.0000 to $19.2600 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.

F10: These securities consist of 95,956 shares of common stock and 692,703 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F11: These securities consist of 89,147 shares of common stock and 692,703 previously reported RSUs.