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PINTEREST, INC. — Director's Dealing 2024
Aug 7, 2024
30250_dirs_2024-08-06_35b46f5d-4284-4d43-839a-0b87b621a7d3.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: 2024-05-24
Reporting Person: Silbermann Benjamin (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-24 | Class A Common Stock | A | 6274 | $41.44 | Acquired | 6274 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $ | Class A Common Stock (37736888) | 37736888 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (9212530) | 9212530 | Indirect | |
| Class B Common Stock | $ | Class A Common Stock (1174715) | 1174715 | Direct |
Footnotes
F1: These securities consist of 6,274 Restricted Stock Units (RSUs) that were granted on May 24, 2024 pursuant to Pinterest's Non-Employee Director Compensation Policy. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001 (Class A Common Stock), subject to vesting. The RSUs will vest in full on the earlier of (i) May 24, 2025, or (ii) the date immediately prior to the Company's next regular annual shareholders meeting, in either case, subject to the Reporting Person's continued service as a non-employee director of the Company through such date. This award was inadvertently not reported on May 29, 2024, due to an administrative error.
F2: 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 and in other circumstances as outlined in Issuer's Certificate of Incorporation.
F3: Mr. Silbermann disclaims beneficial ownership of the shares held by the 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.