Tseli Lily Yang - 28 Jun 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Chief Accounting Officer
Signature
Monifa Clayton, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
28 Jun 2021
Net transactions value
-$750,742
Form type
4
Filing time
30 Jun 2021, 21:52:35 UTC
Previous filing
23 Jun 2021
Next filing
25 Aug 2021
SEC
View on sec.gov

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 +9,687 +16% $0.000000 71,116 28 Jun 2021 Direct F1, F2, F3
transaction PINS Class A Common Stock Sale $750,742 -9,687 -14% $77.50 61,429 28 Jun 2021 Direct F4, F5

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 -9,687 -6.9% $0.000000 130,529 28 Jun 2021 Class A Common Stock 9,687 Direct F1, F2, F6
* 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 9,687 shares of Class B Common Stock into 9,687 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 9,687 shares of Class A Common Stock and an additional 61,429 previously reported Class A Restricted Stock Units (Class A RSUs). Each Class A RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.
F4 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F5 These securities consists of 61,429 previously reported Class A RSUs.
F6 These securities consists of 7,516 shares of Class B Common Stock and 123,013 previously report Class B Restricted Stock Units (Class B RSUs). Each Class B RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.

Remarks:

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