Christine Flores - Jun 25, 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
General Counsel
Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jun 25, 2021
Transactions value $
-$2,019,359
Form type
4
Date filed
6/29/2021, 08:58 PM
Previous filing
Jun 23, 2021
Next filing
Sep 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 +13.1K +4.44% $0.00 308K Jun 25, 2021 Direct F1, F2, F3
transaction PINS Class A Common Stock Sale -$339K -4.42K -1.43% $76.72 304K Jun 25, 2021 Direct F4, F5, F6
transaction PINS Class A Common Stock Sale -$667K -8.66K -2.85% $77.02 295K Jun 25, 2021 Direct F1, F4, F7, F8
transaction PINS Class A Common Stock Conversion of derivative security $0 +13.1K +4.44% $0.00 308K Jun 28, 2021 Direct F1, F2, F3
transaction PINS Class A Common Stock Sale -$1.01M -13.1K -4.25% $77.45 295K Jun 28, 2021 Direct F4, F9

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 -13.1K -3.48% $0.00 363K Jun 25, 2021 Class A Common Stock 13.1K Direct F1, F2, F10
transaction PINS Class B common stock Conversion of derivative security $0 -13.1K -3.6% $0.00 350K Jun 28, 2021 Class A Common Stock 13.1K Direct F1, F2, F11
* 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 13,082 shares of Class B Common Stock into 13,082 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 13,082 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 $75.6600 to $76.6600 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 8,664 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 $76.6700 to $77.3600 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.
F8 These securities consist of 294,872 previously reported RSAs.
F9 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $76.9500 to $77.6900 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 These securities consists of 13,082 shares of Class B common stock and 349,998 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.
F11 These securities consists of 349,998 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.