Christine Flores - May 26, 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
May 26, 2021
Transactions value $
-$1,072,649
Form type
4
Date filed
5/28/2021, 08:06 PM
Previous filing
May 25, 2021
Next filing
Jun 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Conversion of derivative security $0 +8.62K +2.92% $0.00 303K May 26, 2021 Direct F1, F2, F3
transaction PINS Class A Common Stock Sale -$264K -4.3K -1.42% $61.29 299K May 26, 2021 Direct F4, F5, F6
transaction PINS Class A Common Stock Sale -$268K -4.32K -1.44% $62.16 295K May 26, 2021 Direct F1, F4, F6, F7
transaction PINS Class A Common Stock Conversion of derivative security $0 +8.62K +2.92% $0.00 303K May 27, 2021 Direct F1, F8, F9
transaction PINS Class A Common Stock Sale -$382K -6.1K -2.01% $62.64 297K May 26, 2021 Direct F1, F4, F10, F11
transaction PINS Class A Common Stock Sale -$159K -2.52K -0.85% $63.10 295K May 27, 2021 Direct F1, F4, F12

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 Conversion of derivative security $0 -8.62K -2.02% $0.00 417K May 26, 2021 Class A Common Stock 8.62K Direct F1, F2, F13
transaction PINS Class B common stock Conversion of derivative security $0 -8.62K -2.07% $0.00 408K May 27, 2021 Class A Common Stock 8.62K Direct F1, F8, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F2 Represents the conversion of 8,616 shares of Class B Common Stock into 8,616 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with the sales to be effected pursuant to a Rule 10b5-1 trading plan.
F3 These securities consist of 8,616 shares of Class A Common Stock and an additional 294,872 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs).
F4 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F5 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.9900 to $61.7000 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.
F6 These securities consist of 4,316 shares of Class A Common Stock and 294,872 previously reported RSAs.
F7 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $61.7200 to $62.4700 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 8,615 shares of Class B Common Stock into 8,615 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with the sales to be effected pursuant to a Rule 10b5-1 trading plan.
F9 These securities consist of 8,615 shares of Class A Common Stock and an additional 294,872 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs).
F10 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $62.0900 to $63.0000 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.
F11 These securities consist of 2,518 shares of Class A Common Stock and an additional 294,872 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs).
F12 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.0100 to $63.3200 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 These securities consists of 8,615 shares of Class B common stock and 408,331 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
F14 These securities consists of 408,331 previously reported RSUs.

Remarks:

The Power of Attorney for Ms. Christine Flores is filed as an exhibit to the Form 3 filed by Ms. Flores with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.