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

Role: Chief Accounting Officer
Signature: Monifa Clayton, Attorney-in-Fact
Stock symbol: PINS
Transactions as of: Jun 28, 2021
Transactions value $: -$750,743
Form type: 4
Date filed: 6/30/2021, 09:52 PM
Previous filing: Jun 23, 2021
Next filing: Aug 25, 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	+9.69 K	+15.77%	$0.00	71.1 K	Jun 28, 2021	Direct	F1, F2, F3
transaction	PINS	Class A Common Stock	Sale	-$751 K	-9.69 K	-13.62%	$77.50	61.4 K	Jun 28, 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	-9.69 K	-6.91%	$0.00	131 K	Jun 28, 2021	Class A Common Stock	9.69 K		Direct	F1, F2, F6

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.