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PINTEREST, INC. — Director's Dealing 2021
Feb 20, 2021
30250_dirs_2021-02-19_ff9bc57d-d962-4333-bac1-4fa4575d13ad.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: 2021-02-17
Reporting Person: Levine Jeremy S. (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-17 | Class A Common Stock | S | 2500 | $84.1848 | Disposed | 13487 | Indirect |
| 2021-02-17 | Class A Common Stock | S | 7400 | $85.3228 | Disposed | 6087 | Indirect |
| 2021-02-17 | Class A Common Stock | S | 6087 | $86.0774 | Disposed | 0 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 1509815 | 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 $83.8000 to $84.7600 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: Mr. Levine disclaims beneficial ownership of the shares held by the Levtaq 2020 Insurance Trust (Insurance Trust). This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniaryinterest, if any, in such shares by virtue of certain of his immediate family members' interests in the Insurance Trust.
F3: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $84.8400 to $85.7000 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.
F4: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $85.7700 to $86.5500 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: These securities consist of 1,496,375 shares of Class A common stock, par value $0.00001 (Class A Common Stock) and 13,440 Restricted Stock Unit (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.
F6: Includes 163,031 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 November 12, 2020, which distributions were made in accordance with the exemption afforded b Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
F7: The Reporting Person has agreed to assign 9,671 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.