PINTEREST, INC. — Director's Dealing 2023

Jan 13, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINTEREST, INC. (PINS)
CIK: 0001506293
Period of Report: 2023-01-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-11	Class A Common Stock	C	150000	—	Acquired	150000	Direct
2023-01-11	Class A Common Stock	S	150000	$26.50	Disposed	0	Direct
2023-01-12	Class A Common Stock	C	150000	—	Acquired	150000	Direct
2023-01-12	Class A Common Stock	S	150000	$26.68	Disposed	0	Direct
2023-01-13	Class A Common Stock	C	23704	—	Acquired	23704	Direct
2023-01-13	Class A Common Stock	S	23704	$26.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-11	Stock Option	$1.878	M	150000	Disposed	2023-04-24	Class B common stock (150000.0)	Direct
2023-01-11	Class B common stock	$	M	150000	Acquired		Class A Common Stock (150000.0)	Direct
2023-01-11	Class B common stock	$	C	150000	Disposed		Class A Common Stock (150000.0)	Direct
2023-01-12	Stock Option	$1.878	M	150000	Disposed	2023-04-24	Class B common stock (150000.0)	Direct
2023-01-12	Class B common stock	$	M	150000	Acquired		Class A Common Stock (150000.0)	Direct
2023-01-12	Class B common stock	$	C	150000	Disposed		Class A Common Stock (150000.0)	Direct
2023-01-13	Stock Option	$1.878	M	23704	Disposed	2023-04-24	Class B common stock (23704.0)	Direct
2023-01-13	Class B common stock	$	M	23704	Acquired		Class A Common Stock (23704.0)	Direct
2023-01-13	Class B common stock	$	C	23704	Disposed		Class A Common Stock (23704.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B common stock	$		Class A Common Stock (38916888.0)	37736888	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 150,000 shares of Class B Common Stock into 150,000 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: Represents the conversion of 23,704 shares of Class B Common Stock into 23,704 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.

F5: All stock options are fully vested and exercisable.

F6: These securities consist of 976,533 shares of Class B common stock and 700,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F7: These securities consist of 826,533 shares of Class B common stock and 700,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F8: These securities consist of 850,237 shares of Class B common stock and 700,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

F9: 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.