Evan Sharp - Sep 15, 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Sep 15, 2021
Transactions value $
-$5,570,353
Form type
4
Date filed
9/17/2021, 05:37 PM
Previous filing
Aug 13, 2021
Next filing
Oct 18, 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 +62.6K $0.00 62.6K Sep 15, 2021 Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2
transaction PINS Class A Common Stock Sale -$2.77M -51.7K -82.52% $53.65 11K Sep 15, 2021 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F3, F4
transaction PINS Class A Common Stock Sale -$594K -11K -100% $54.25 0 Sep 15, 2021 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F3, F5
transaction PINS Class A Common Stock Conversion of derivative security $0 +31.9K $0.00 31.9K Sep 15, 2021 Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F7
transaction PINS Class A Common Stock Sale -$1.4M -26.2K -82.1% $53.64 5.71K Sep 15, 2021 Sharp Family Investments LLC Fund 2 (200903031-T2) F3, F7, F8
transaction PINS Class A Common Stock Sale -$310K -5.71K -100% $54.26 0 Sep 15, 2021 Sharp Family Investments LLC Fund 2 (200903031-T2) F3, F5, F7
transaction PINS Class A Common Stock Conversion of derivative security $0 +8.99K $0.00 8.99K Sep 15, 2021 Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F10
transaction PINS Class A Common Stock Sale -$490K -8.99K -100% $54.51 0 Sep 15, 2021 Sharp Family Investments LLC Fund 3 (200903031-T3) F3, F10

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 Stock Option Options Exercise $0 -62.6K -5.26% $0.00 1.13M Sep 15, 2021 Class B common stock 62.6K $0.57 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F11
transaction PINS Class B common stock Options Exercise $0 +62.6K $0.00 62.6K Sep 15, 2021 Class A Common Stock 62.6K Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2, F12
transaction PINS Class B common stock Conversion of derivative security $0 -62.6K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 62.6K Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2, F12
transaction PINS Stock Option Options Exercise $0 -31.9K -5.26% $0.00 574K Sep 15, 2021 Class B common stock 31.9K $0.57 Sharp Family Investments LLC Fund 2 (200903031-T2) F7, F11
transaction PINS Class B common stock Options Exercise $0 +31.9K $0.00 31.9K Sep 15, 2021 Class A Common Stock 31.9K Sharp Family Investments LLC Fund 2 (200903031-T2) F7, F12
transaction PINS Class B common stock Conversion of derivative security $0 -31.9K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 31.9K Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F7, F12
transaction PINS Stock Option Options Exercise $0 -8.99K -5.26% $0.00 162K Sep 15, 2021 Class B common stock 8.99K $0.57 Sharp Family Investments LLC Fund 3 (200903031-T3) F10, F11
transaction PINS Class B common stock Options Exercise $0 +8.99K $0.00 8.99K Sep 15, 2021 Class A Common Stock 8.99K Sharp Family Investments LLC Fund 3 (200903031-T3) F10, F12
transaction PINS Class B common stock Conversion of derivative security $0 -8.99K -100% $0.00* 0 Sep 15, 2021 Class A Common Stock 8.99K Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F10, F12
holding PINS Class B common stock 1.62M Sep 15, 2021 Class A Common Stock 1.62M Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of 62,649 shares of Class B Common Stock into 62,649 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.
F2 These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1.
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 $53.1800 to $53.9950 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 $54.0000 to $54.5100 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 Represents the conversion of 31,869 shares of Class B Common Stock into 31,869 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.
F7 These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2.
F8 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $53.1900 to $53.9900 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 Represents the conversion of 8,985 shares of Class B Common Stock into 8,985 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.
F10 These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3.
F11 All stock options are fully vested and exercisable.
F12 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.
F13 These securities consists 331,156 shares of Class B Common Stock and 1,283,334 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.