Evan Sharp - 19 Jul 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Jul 2021, 21:50:59 UTC
Prior SEC filing
21 Jun 2021
Next SEC filing
23 Jul 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Monifa Clayton, Attorney-in-Fact

Key filing fact

Evan Sharp filed Form 4 for PINTEREST, INC. (PINS) on 21 Jul 2021.

Key facts

  • This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 21 Jul 2021, 21:50.

Change

  • Previous filing in this sequence was filed on 21 Jun 2021.
  • Current net transaction value: -$4,627,496.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+69,194
Change %
Price
$0.000000
Shares after
69,194
Date
19 Jul 2021
Ownership
Direct
Footnotes
F1, F2
PINS transaction

Class A Common Stock

Sale

Transaction value
$2,614,638
Shares
-39,254
Change %
-57%
Price
$66.61
Shares after
29,940
Date
19 Jul 2021
Ownership
Direct
Footnotes
F3, F4
PINS transaction

Class A Common Stock

Sale

Transaction value
$2,012,857
Shares
-29,940
Change %
-100%
Price
$67.23
Shares after
0
Date
19 Jul 2021
Ownership
Direct
Footnotes
F3, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value
$0
Shares
-69,194
Change %
-3.8%
Price
$0.000000
Shares after
1,732,157
Date
19 Jul 2021
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
69,194
Exercise price
Footnotes
F1, F2, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote F2

Represents the conversion of 69,194 shares of Class B Common Stock into 69,194 shares of Class A Common Stock pursuant to a conversion made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

Footnote F3

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

Footnote F4

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $66.2500 to $67.0000 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.

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 $67.0100 to $67.5200 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.

Footnote F6

These securities consist of 332,156 shares of Class B Common Stock and 1,400,001 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

SEC remarks

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

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .