Tseli Lily Yang - Aug 27, 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: Aug 27, 2021
Transactions value $: -$147,858
Form type: 4
Date filed: 8/31/2021, 04:02 PM
Previous filing: Aug 25, 2021
Next filing: Sep 14, 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	+2.59 K	+4.38%	$0.00	61.9 K	Aug 27, 2021	Direct	F1, F2, F3
transaction	PINS	Class A Common Stock	Sale	-$148 K	-2.59 K	-4.19%	$57.00	59.3 K	Aug 27, 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	-2.59 K	-2%	$0.00	127 K	Aug 27, 2021	Class A Common Stock	2.59 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 2,594 shares of Class B Common Stock into 2,594 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 2,594 shares of Class A Common Stock and an additional 59,258 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 consist of 59,258 previously reported Class A RSUs.
F6	These securities consist 127,283 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.