Benjamin Silbermann - Apr 20, 2024 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director, More than 10% owner
Signature
Jacquie Katzel, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Apr 20, 2024
Transactions value $
-$2,031,772
Form type
4
Date filed
4/23/2024, 04:37 PM
Previous filing
Jan 23, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PINS Class B Common Stock -Tax liability -$2,031,772 -62,709 -5.07% $32.40 1,174,715 Apr 20, 2024 Class A Common Stock 62,709 Direct F1, F2, F3
holding PINS Class B Common Stock 37,736,888 Apr 20, 2024 Class A Common Stock 37,736,888 Benjamin and Divya Silbermann Family Trust F1
holding PINS Class B Common Stock 9,212,530 Apr 20, 2024 Class A Common Stock 9,212,530 SFTC, LLC F1, F4

Explanation of Responses:

Id Content
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 and in other circumstances as outlined in Issuer's Certificate of Incorporation.
F2 Represents shares of Class B 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 Restricted Stock Units (RSUs) previously reported.
F3 These securities consist of 1,174,715 shares of Class B common stock.
F4 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.