PINTEREST, INC. — Director's Dealing 2021

Aug 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2021-08-10

Reporting Person: Levine Jeremy S. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-10	Common Stock	S	0	—	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	1177511	Direct

Footnotes

F1: On August 10, 2021 Bessemer Venture Partners VII L.P. ("BVP VII"), Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst") and BVP Special Opportunity Fund VII L.P. ("BVP VII SOF" and together with BVP VII, and BVP VII Inst, the "BVP VII Funds") sold 3,424, 1,498, and 5,779, respectively, shares of Class A Common Stock of Pinterest (the "BVP VII Fund Shares"). The BVP VII Fund Shares were sold in multiple executions at a price per share ranging from $57.19 to $57.30, with an average execution price per share of $57.24. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding such individual executions. After the reported transaction, none of the BVP VII Funds held any shares of Class A Common Stock of the Issuer.

F2: Jeremy Levine is a director of Pinterest and is a director of Deer VII & Co. Ltd. ("Deer VII Ltd."), which is the general partner of Deer VII LP, which is the general partner of the BVP VII Funds (together with Deer VII Ltd. and Deer VII LP, the "BVP VII Entities"). Mr. Levine serves as a representative of the BVP VII Entities on the Board of Directors of Pinterest. Mr. Levine disclaims beneficial ownership of the securities held by the BVP VII Funds, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer VII Ltd, his interest in Deer VII LP and his indirect limited partnership interest in the BVP VII Funds.

F3: These securities consist of 1,173,530 shares of Class A common stock, par value $0.00001 (Class A Common Stock) and 3,981 Restricted Stock Unit (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.

F4: Includes 152,609 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from the BVP Entities), on August 10, 2021, 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 23,111 shares of Class A common stock to Deer Management Co. LLC as well as the right to any shares issuable pursuant to the RSUs or any proceeds from the sale thereof.