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PINTEREST, INC. — Director's Dealing 2022
Jun 23, 2022
30250_dirs_2022-06-22_5a279602-4e92-46de-a4bb-761f922e4115.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: 2022-06-17
Reporting Person: Sharp Evan (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-17 | Class A Common Stock | C | 549818 | — | Acquired | 549818 | Indirect |
| 2022-06-17 | Class A Common Stock | S | 549818 | $17.5233 | Disposed | 0 | Indirect |
| 2022-06-17 | Class A Common Stock | C | 279783 | — | Acquired | 279783 | Indirect |
| 2022-06-17 | Class A Common Stock | S | 279783 | $17.5167 | Disposed | 0 | Indirect |
| 2022-06-17 | Class A Common Stock | C | 78880 | — | Acquired | 78880 | Indirect |
| 2022-06-17 | Class A Common Stock | S | 78880 | $17.5148 | Disposed | 0 | Indirect |
| 2022-06-17 | Class A Common Stock | C | 416284 | — | Acquired | 416284 | Indirect |
| 2022-06-17 | Class A Common Stock | S | 416284 | $17.5215 | Disposed | 0 | Indirect |
| 2022-06-17 | Class A Common Stock | C | 358747 | — | Acquired | 358747 | Indirect |
| 2022-06-17 | Class A Common Stock | S | 358747 | $17.5173 | Disposed | 0 | Indirect |
| 2022-06-17 | Class A Common Stock | C | 422399 | — | Acquired | 422399 | Direct |
| 2022-06-17 | Class A Common Stock | S | 186065 | $17.3097 | Disposed | 236334 | Direct |
| 2022-06-17 | Class A Common Stock | S | 236334 | $17.6883 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-17 | Stock Option | $0.5736 | M | 1002371 | Disposed | 2022-06-20 | Class B common stock (1002371.0) | Indirect |
| 2022-06-17 | Class B common stock | $ | M | 1002371 | Acquired | Class A Common Stock (1002371.0) | Indirect | |
| 2022-06-17 | Class B common stock | $ | C | 549818 | Disposed | Class A Common Stock (549818.0) | Indirect | |
| 2022-06-17 | Stock Option | $0.5736 | M | 509900 | Disposed | 2022-06-20 | Class B common stock (509900.0) | Indirect |
| 2022-06-17 | Class B common stock | $ | M | 509900 | Acquired | Class A Common Stock (509900.0) | Indirect | |
| 2022-06-17 | Class B common stock | $ | C | 279783 | Disposed | Class A Common Stock (279783.0) | Indirect | |
| 2022-06-17 | Stock Option | $0.5736 | M | 143735 | Disposed | 2022-06-20 | Class B common stock (143735.0) | Indirect |
| 2022-06-17 | Class B common stock | $ | M | 143735 | Acquired | Class A Common Stock (143735.0) | Indirect | |
| 2022-06-17 | Class B common stock | $ | C | 78880 | Disposed | Class A Common Stock (78880.0) | Indirect | |
| 2022-06-17 | Stock Option | $0.5736 | M | 758803 | Disposed | 2022-06-20 | Class B common stock (758803.0) | Indirect |
| 2022-06-17 | Class B common stock | $0.5736 | M | 758803 | Acquired | 2022-06-20 | Class A Common Stock (758803.0) | Indirect |
| 2022-06-17 | Class B common stock | $0.5736 | C | 416284 | Disposed | 2022-06-20 | Class A Common Stock (416284.0) | Indirect |
| 2022-06-17 | Stock Option | $0.5736 | M | 653845 | Disposed | 2022-06-20 | Class B common stock (653845.0) | Indirect |
| 2022-06-17 | Class B common stock | $0.5736 | M | 653845 | Acquired | 2022-06-20 | Class A Common Stock (653845.0) | Indirect |
| 2022-06-17 | Class B common stock | $0.5736 | C | 358747 | Disposed | 2022-06-20 | Class A Common Stock (358747.0) | Indirect |
| 2022-06-17 | Stock Option | $0.5736 | M | 769908 | Disposed | 2022-06-20 | Class B common stock (769908.0) | Direct |
| 2022-06-17 | Class B common stock | $ | M | 769908 | Acquired | 2022-06-20 | Class A Common Stock (769908.0) | Direct |
| 2022-06-17 | Class B common stock | $ | C | 422399 | Disposed | 2022-06-20 | Class A Common Stock (422399.0) | Direct |
Footnotes
F1: Represents the conversion of 549,818 shares of Class B Common Stock into 549,818 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.
F2: These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1.
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 $17.1200 to $18.0600 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: Represents the conversion of 279,783 shares of Class B Common Stock into 279,783 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 are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2.
F7: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $18.0800 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.
F8: Represents the conversion of 78,880 shares of Class B Common Stock into 78,880 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.
F9: These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3.
F10: Represents the conversion of 416,284 shares of Class B Common Stock into 416,284 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.
F11: These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust.
F12: Represents the conversion of 358,747 shares of Class B Common Stock into 358,747 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.
F13: These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust.
F14: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $18.0500 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.
F15: Represents the conversion of 422,399 shares of Class B Common Stock into 422,399 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.
F16: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $17.5500 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.
F17: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.5550 to $18.1600 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.
F18: All stock options are fully vested and exercisable.
F19: 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.