Evan Sharp - Jun 17, 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jun 17, 2022
Transactions value $
-$36,896,343
Form type
4
Date filed
6/22/2022, 06:27 PM
Previous filing
Apr 28, 2022
Next filing
Jul 22, 2022

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 +550K $0.00 550K Jun 17, 2022 Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2
transaction PINS Class A Common Stock Sale -$9.63M -550K -100% $17.52 0 Jun 17, 2022 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F3, F4
transaction PINS Class A Common Stock Conversion of derivative security $0 +280K $0.00 280K Jun 17, 2022 Sharp Family Investments LLC Fund 2 (200903031-T2) F5, F6
transaction PINS Class A Common Stock Sale -$4.9M -280K -100% $17.52 0 Jun 17, 2022 Sharp Family Investments LLC Fund 2 (200903031-T2) F3, F6, F7
transaction PINS Class A Common Stock Conversion of derivative security $0 +78.9K $0.00 78.9K Jun 17, 2022 Sharp Family Investments LLC Fund 3 (200903031-T3) F8, F9
transaction PINS Class A Common Stock Sale -$1.38M -78.9K -100% $17.51 0 Jun 17, 2022 Sharp Family Investments LLC Fund 3 (200903031-T3) F3, F4, F9
transaction PINS Class A Common Stock Conversion of derivative security $0 +416K $0.00 416K Jun 17, 2022 The Sharp Revocable Trust (200903031-RT) F10, F11
transaction PINS Class A Common Stock Sale -$7.29M -416K -100% $17.52 0 Jun 17, 2022 The Sharp Revocable Trust (200903031-RT) F3, F7, F11
transaction PINS Class A Common Stock Conversion of derivative security $0 +359K $0.00 359K Jun 17, 2022 The Sharp Irrevocable Remainder Trust (200903031-IT) F12, F13
transaction PINS Class A Common Stock Sale -$6.28M -359K -100% $17.52 0 Jun 17, 2022 The Sharp Irrevocable Remainder Trust (200903031-IT) F3, F13, F14
transaction PINS Class A Common Stock Conversion of derivative security $0 +422K $0.00 422K Jun 17, 2022 Direct F15
transaction PINS Class A Common Stock Sale -$3.22M -186K -44.05% $17.31 236K Jun 17, 2022 Direct F3, F16
transaction PINS Class A Common Stock Sale -$4.18M -236K -100% $17.69 0 Jun 17, 2022 Direct F3, F17

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 -1M -100% $0.00* 0 Jun 17, 2022 Class B common stock 1M $0.57 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F18
transaction PINS Class B common stock Options Exercise $0 +1M $0.00 1M Jun 17, 2022 Class A Common Stock 1M Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F19
transaction PINS Class B common stock Conversion of derivative security $0 -550K -54.85% $0.00 453K Jun 17, 2022 Class A Common Stock 550K Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2, F19
transaction PINS Stock Option Options Exercise $0 -510K -100% $0.00* 0 Jun 17, 2022 Class B common stock 510K $0.57 Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F18
transaction PINS Class B common stock Options Exercise $0 +510K $0.00 510K Jun 17, 2022 Class A Common Stock 510K Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F19
transaction PINS Class B common stock Conversion of derivative security $0 -280K -54.87% $0.00 230K Jun 17, 2022 Class A Common Stock 280K Sharp Family Investments LLC Fund 2 (200903031-T2) F5, F6, F19
transaction PINS Stock Option Options Exercise $0 -144K -100% $0.00* 0 Jun 17, 2022 Class B common stock 144K $0.57 Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F18
transaction PINS Class B common stock Options Exercise $0 +144K $0.00 144K Jun 17, 2022 Class A Common Stock 144K Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F19
transaction PINS Class B common stock Conversion of derivative security $0 -78.9K -54.88% $0.00 64.9K Jun 17, 2022 Class A Common Stock 78.9K Sharp Family Investments LLC Fund 3 (200903031-T3) F8, F9, F19
transaction PINS Stock Option Options Exercise $0 -759K -100% $0.00* 0 Jun 17, 2022 Class B common stock 759K $0.57 The Sharp Revocable Trust (200903031-RT) F11, F18
transaction PINS Class B common stock Options Exercise $0 +759K $0.00 759K Jun 17, 2022 Class A Common Stock 759K $0.57 The Sharp Revocable Trust (200903031-RT) F11, F19
transaction PINS Class B common stock Conversion of derivative security $0 -416K -54.86% $0.00 343K Jun 17, 2022 Class A Common Stock 416K $0.57 The Sharp Revocable Trust (200903031-RT) F10, F11, F19
transaction PINS Stock Option Options Exercise $0 -654K -100% $0.00* 0 Jun 17, 2022 Class B common stock 654K $0.57 The Sharp Irrevocable Remainder Trust (200903031-IT) F13, F18
transaction PINS Class B common stock Options Exercise $0 +654K $0.00 654K Jun 17, 2022 Class A Common Stock 654K $0.57 The Sharp Irrevocable Remainder Trust (200903031-IT) F13, F19
transaction PINS Class B common stock Conversion of derivative security $0 -359K -54.87% $0.00 295K Jun 17, 2022 Class A Common Stock 359K $0.57 The Sharp Irrevocable Remainder Trust (200903031-IT) F12, F13, F19
transaction PINS Stock Option Options Exercise $0 -770K -100% $0.00* 0 Jun 17, 2022 Class B common stock 770K $0.57 Direct F18
transaction PINS Class B common stock Options Exercise $0 +770K $0.00 770K Jun 17, 2022 Class A Common Stock 770K Direct F19
transaction PINS Class B common stock Conversion of derivative security $0 -422K -54.86% $0.00 348K Jun 17, 2022 Class A Common Stock 422K Direct F15, F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of 549,818 shares of Class B Common Stock into 549,818 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 $17.1200 to $18.0600 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 Represents the conversion of 279,783 shares of Class B Common Stock into 279,783 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.
F6 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.
F7 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $18.0800 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 Represents the conversion of 78,880 shares of Class B Common Stock into 78,880 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.
F9 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.
F10 Represents the conversion of 416,284 shares of Class B Common Stock into 416,284 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.
F11 These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust.
F12 Represents the conversion of 358,747 shares of Class B Common Stock into 358,747 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.
F13 These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust.
F14 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $18.0500 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.
F15 Represents the conversion of 422,399 shares of Class B Common Stock into 422,399 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.
F16 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $17.5500 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.
F17 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.5550 to $18.1600 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.
F18 All stock options are fully vested and exercisable.
F19 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.

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.