| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +37.5K | $0.00 | 37.5K | Jun 29, 2021 | Direct | F1, F2 | |
| transaction | PINS | Class A Common Stock | Sale | -$1.1M | -14.1K | -37.51% | $78.15 | 23.4K | Jun 29, 2021 | Direct | F3, F4 |
| transaction | PINS | Class A Common Stock | Sale | -$1.84M | -23.4K | -100% | $78.72 | 0 | Jun 29, 2021 | Direct | F3, F5 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +37.5K | $0.00 | 37.5K | Jun 30, 2021 | Direct | F2 | |
| transaction | PINS | Class A Common Stock | Sale | -$1.54M | -19.7K | -52.53% | $78.07 | 17.8K | Jun 30, 2021 | Direct | F3, F6 |
| transaction | PINS | Class A Common Stock | Sale | -$1.4M | -17.8K | -100% | $78.73 | 0 | Jun 30, 2021 | Direct | F3, F7 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +37.5K | $0.00 | 37.5K | Jul 1, 2021 | Direct | F2 | |
| transaction | PINS | Class A Common Stock | Sale | -$969K | -12.3K | -32.88% | $78.62 | 25.2K | Jul 1, 2021 | Direct | F3, F8 |
| transaction | PINS | Class A Common Stock | Sale | -$2M | -25.2K | -100% | $79.49 | 0 | Jul 1, 2021 | Direct | F3, F9 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Stock Option | Options Exercise | $0 | -37.5K | -0.88% | $0.00 | 4.24M | Jun 29, 2021 | Class B common stock | 37.5K | $1.88 | Direct | F10 |
| transaction | PINS | Class B common stock | Options Exercise | $0 | +37.5K | +2% | $0.00 | 1.91M | Jun 29, 2021 | Class A Common Stock | 37.5K | Direct | F1, F11 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -37.5K | -1.96% | $0.00 | 1.88M | Jun 29, 2021 | Class A Common Stock | 37.5K | Direct | F1, F2, F12 | |
| transaction | PINS | Stock Option | Options Exercise | $0 | -37.5K | -0.89% | $0.00 | 4.2M | Jun 30, 2021 | Class B common stock | 37.5K | $1.88 | Direct | F10 |
| transaction | PINS | Class B common stock | Options Exercise | $0 | +37.5K | +2% | $0.00 | 1.91M | Jun 30, 2021 | Class A Common Stock | 37.5K | Direct | F1, F13 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -37.5K | -1.96% | $0.00 | 1.88M | Jun 30, 2021 | Class A Common Stock | 37.5K | Direct | F1, F2, F12 | |
| transaction | PINS | Stock Option | Options Exercise | $0 | -37.5K | -0.89% | $0.00 | 4.16M | Jul 1, 2021 | Class B common stock | 37.5K | $1.88 | Direct | F10 |
| transaction | PINS | Class B common stock | Options Exercise | $0 | +37.5K | +2% | $0.00 | 1.91M | Jul 1, 2021 | Class A Common Stock | 37.5K | Direct | F1, F13 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -37.5K | -1.96% | $0.00 | 1.88M | Jul 1, 2021 | Class A Common Stock | 37.5K | Direct | F1, F2, F12 | |
| holding | PINS | Class B common stock | 39.7M | Jun 29, 2021 | Class A Common Stock | 39.7M | Benjamin and Divya Silbermann Family Trust | F1 | ||||||
| holding | PINS | Class B common stock | 9.96M | Jun 29, 2021 | Class A Common Stock | 9.96M | SFTC, LLC | F1, F14 |
| 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 37,500 shares of Class B Common Stock into 37,500 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. |
| F3 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. |
| F4 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.5700 to $78.5000 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. |
| F5 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.5200 to $78.9400 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 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.4400 to $78.4000 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. |
| F7 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.4100 to $79.2650 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 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.2500 to $79.0000 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. |
| F9 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $79.0100 to $79.9500 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 | All stock options are fully vested and exercisable. |
| F11 | These securities consist of 512,899 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. |
| F12 | These securities consist of 475,399 shares of Class B Common Stock and 1,400,001 previously reported RSUs. |
| F13 | These securities consist of 512,899 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. |
| F14 | Mr. Silbermann disclaims beneficial ownership of the shares held by 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. |
The Power of Attorney for Mr. Benjamin Silbermann is filed as an exhibit to the Form 3/A filed by Mr. Silbermann with the Securities and Exchange Commission on April 18, 2019, which is hereby incorporated by reference.