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PINTEREST, INC. — Director's Dealing 2024
May 17, 2024
30250_dirs_2024-05-17_8994a563-d2b9-4124-9283-4c2bdff5cef8.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: 2024-05-15
Reporting Person: Sharp Evan (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-15 | Class A Common Stock | C | 53958 | — | Acquired | 53958 | Direct |
| 2024-05-15 | Class A Common Stock | S | 53958 | $41.8738 | Disposed | 0 | Direct |
| 2024-05-15 | Class A Common Stock | C | 67883 | — | Acquired | 67883 | Indirect |
| 2024-05-15 | Class A Common Stock | S | 67883 | $41.8767 | Disposed | 0 | Indirect |
| 2024-05-15 | Class A Common Stock | C | 7589 | — | Acquired | 7589 | Indirect |
| 2024-05-15 | Class A Common Stock | S | 7589 | $41.8724 | Disposed | 0 | Indirect |
| 2024-05-15 | Class A Common Stock | C | 2139 | — | Acquired | 2139 | Indirect |
| 2024-05-15 | Class A Common Stock | S | 2139 | $41.8869 | Disposed | 0 | Indirect |
| 2024-05-15 | Class A Common Stock | C | 9886 | — | Acquired | 9886 | Indirect |
| 2024-05-15 | Class A Common Stock | S | 9886 | $41.8774 | Disposed | 0 | Indirect |
| 2024-05-15 | Class A Common Stock | C | 50259 | — | Acquired | 50259 | Indirect |
| 2024-05-15 | Class A Common Stock | S | 50259 | $41.8761 | Disposed | 0 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-15 | Class B Common Stock | $ | C | 53958 | Disposed | Class A Common Stock (53958) | Direct | |
| 2024-05-15 | Class B Common Stock | $ | C | 67883 | Disposed | Class A Common Stock (67883) | Indirect | |
| 2024-05-15 | Class B Common Stock | $ | C | 7589 | Disposed | Class A Common Stock (7589) | Indirect | |
| 2024-05-15 | Class B Common Stock | $ | C | 2139 | Disposed | Class A Common Stock (2139) | Indirect | |
| 2024-05-15 | Class B Common Stock | $ | C | 9886 | Disposed | Class A Common Stock (9886) | Indirect | |
| 2024-05-15 | Class B Common Stock | $ | C | 50259 | Disposed | Class A Common Stock (50259) | Indirect |
Footnotes
F1: Represents the conversion of 53,958 shares of Class B Common Stock into 53,958 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: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6300 to $42.3350 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.
F4: Represents the conversion of 67,883 shares of Class B Common Stock into 67,883 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: 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.
F6: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6400 to $42.3600 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.
F7: Represents the conversion of 7,589 shares of Class B Common Stock into 7,589 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.
F8: 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.
F9: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6650 to $42.2700 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.
F10: Represents the conversion of 2,139 shares of Class B Common Stock into 2,139 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 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.
F12: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.7000 to $42.2700 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.
F13: Represents the conversion of 9,886 shares of Class B Common Stock into 9,886 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.
F14: 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.
F15: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6900 to $42.3600 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.
F16: Represents the conversion of 50,259 shares of Class B Common Stock into 50,259 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.
F17: These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust.
F18: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6500 to $42.3600 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.
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.