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

Role: Co-Founder & Chief Design & Cr, Director
Signature: Monifa Clayton, Attorney-in-Fact
Stock symbol: PINS
Transactions as of: Jul 19, 2021
Transactions value $: -$4,627,496
Form type: 4
Date filed: 7/21/2021, 09:50 PM
Previous filing: Jun 21, 2021
Next filing: Jul 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	+69.2K		$0.00	69.2K	Jul 19, 2021	Direct	F1, F2
transaction	PINS	Class A Common Stock	Sale	-$2.61M	-39.3K	-56.73%	$66.61	29.9K	Jul 19, 2021	Direct	F3, F4
transaction	PINS	Class A Common Stock	Sale	-$2.01M	-29.9K	-100%	$67.23	0	Jul 19, 2021	Direct	F3, 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	-69.2K	-3.84%	$0.00	1.73M	Jul 19, 2021	Class A Common Stock	69.2K		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 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.
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 $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.
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.
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.

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.