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PINTEREST, INC. — Director's Dealing 2022
Sep 22, 2022
30250_dirs_2022-09-22_eb3f457d-d8d0-45b8-b30b-0cd7762ad628.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: 2022-09-20
Reporting Person: Gavini Naveen (SVP, Products)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-09-20 | Class A Common Stock | C | 10416 | — | Acquired | 502557 | Direct |
| 2022-09-20 | Class A Common Stock | F | 28066 | — | Disposed | 474491 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-09-20 | Class B common stock | $ | C | 10416 | Disposed | Class A Common Stock (10416.0) | 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, automatically convert into one share of Class A Common Stock upon any transfer.
F2: Represents the conversion of 10,416 shares of Class B Common Stock into 10,416 shares of Class A Common Stock in connection with the vesting and settlement of previously reported Restricted Stock Units (RSUs), as described below.
F3: These securities consist of 124,028 shares of Class A Common Stock and 378,529 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F4: Represents shares of Class A Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of RSUs and RSAs.
F5: These securities consist of 142,149 shares of Class A Common Stock and 332,342 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F6: These securities consist of 12,500 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, which will be automatically converted into shares of Class A Common Stock upon vesting, pursuant to an irrevocable consent signed by the Reporting Person on September 29, 2019 to automatically convert all shares of Class B Common Stock into shares of Class A Common Stock.