PINTEREST, INC. — Director's Dealing 2021

Jun 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2021-06-22

Reporting Person: Silbermann Benjamin (Director, Chairman, President, CEO, Co-F, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-22	Class A Common Stock	C	25000	—	Acquired	25000	Direct
2021-06-22	Class A Common Stock	S	2450	$71.9759	Disposed	22550	Direct
2021-06-22	Class A Common Stock	S	8200	$72.8025	Disposed	14350	Direct
2021-06-22	Class A Common Stock	S	14350	$73.281	Disposed	0	Direct
2021-06-23	Class A Common Stock	C	37500	—	Acquired	37500	Direct
2021-06-23	Class A Common Stock	S	7200	$73.8683	Disposed	30300	Direct
2021-06-23	Class A Common Stock	S	30300	$74.8124	Disposed	0	Direct
2021-06-24	Class A Common Stock	C	37500	—	Acquired	37500	Direct
2021-06-24	Class A Common Stock	S	19200	$75.4984	Disposed	18300	Direct
2021-06-24	Class A Common Stock	S	18300	$76.3187	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-22	Stock Option	$1.878	M	25000	Disposed	2023-04-24	Class B common stock (25000.0)	Direct
2021-06-22	Class B common stock	$	M	25000	Acquired		Class A Common Stock (25000.0)	Direct
2021-06-22	Class B common stock	$	C	25000	Disposed		Class A Common Stock (25000.0)	Direct
2021-06-23	Stock Option	$1.878	M	37500	Disposed	2023-04-24	Class B common stock (37500.0)	Direct
2021-06-23	Class B common stock	$	M	37500	Acquired		Class A Common Stock (37500.0)	Direct
2021-06-23	Class B common stock	$	C	37500	Disposed		Class A Common Stock (37500.0)	Direct
2021-06-24	Stock Option	$1.878	M	37500	Disposed	2023-04-24	Class B common stock (37500.0)	Direct
2021-06-24	Class B common stock	$	M	37500	Acquired		Class A Common Stock (37500.0)	Direct
2021-06-24	Class B common stock	$	C	37500	Disposed		Class A Common Stock (37500.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B common stock	$		Class A Common Stock (39700888.0)	39700888	Indirect
Class B common stock	$		Class A Common Stock (9960030.0)	9960030	Indirect

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 25,000 shares of Class B Common Stock into 25,000 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 $71.3900 to $72.3700 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 $72.3900 to $72.9950 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: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $73.0100 to $73.6200 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: Represents the conversion of 37,500 shares of Class B Common Stock into 37,500 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.

F8: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $73.4100 to $74.2000 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.

F9: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $74.2100 to $75.1700 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: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $74.9200 to $75.9100 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: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $75.9200 to $76.7750 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.

F12: All stock options are fully vested and exercisable.

F13: These securities consist of 500,399 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F14: These securities consist of 475,399 shares of Class B Common Stock and 1,400,001 previously reported RSUs.

F15: These securities consist of 512,899 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F16: Mr. Silbermann disclaims beneficial ownership of the shares held by SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in The Silbermann 2012 Irrevocable Trust.