PINTEREST, INC. — Director's Dealing 2021

Jan 26, 2021

SEC Form 4/A — Form 4/A

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2021-01-14

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-14	Stock Option	$1.878	M	70000	Disposed	2023-04-24	Class B common stock (70000.0)	Direct
2021-01-14	Class B common stock	$	M	70000	Acquired		Class A Common Stock (70000.0)	Direct
2021-01-14	Class B common stock	$	C	70000	Disposed		Class A Common Stock (70000.0)	Direct

Footnotes

F1: Due to an administrative error, the Form 4 filed for Mr. Silbermann on January 14, 2021 incorrectly reported the number of stock options exercised, the number of shares of the Company's Class B common stock, par value $0.00001 (Class B Common Stock) received upon such exercise and the number of shares of Class B Common Stock converted into shares of the Company's Class A common stock, par value $0.00001 (Class A Common Stock), in each case, on January 14, 2021. This amended Form 4 corrects the error.

F2: All stock options are fully vested and exercisable.

F3: Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of 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.

F4: These securities consist of 426,447 shares of common stock and 1,633,334 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F5: Represents the conversion of 70,000 shares of Class B Common Stock into 70,000 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.

F6: These securities consist of 356,447 shares of common stock and 1,633,334 previously reported RSUs.