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

Reporting relationship: Director
Issuer ticker: PINS
Reported as of: 17 Jun 2022
Net transaction value: -$36,896,343
SEC form: 4
Accepted by SEC: 22 Jun 2022, 18:27:20 UTC
Prior SEC filing: 28 Apr 2022
Next SEC filing: 22 Jul 2022
Source filing: View source filing
Reporting owner signature: Monifa Clayton, Attorney-in-Fact

Key filing fact

Evan Sharp filed Form 4 for PINTEREST, INC. (PINS) on 22 Jun 2022.

Key facts

This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
31 reported transactions and 18 derivative rows are listed below.
Accepted by SEC: 22 Jun 2022, 18:27.

Change

Previous filing in this sequence was filed on 28 Apr 2022.
Current net transaction value: -$36,896,343.

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: +549,818
Change %
Price: $0.000000
Shares after: 549,818
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes: F1, F2

PINS transaction

Class A Common Stock

Sale

Transaction value: $9,634,626
Shares: -549,818
Change %: -100%
Price: $17.52
Shares after: 0
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes: F2, F3, F4

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +279,783
Change %
Price: $0.000000
Shares after: 279,783
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes: F5, F6

PINS transaction

Class A Common Stock

Sale

Transaction value: $4,900,875
Shares: -279,783
Change %: -100%
Price: $17.52
Shares after: 0
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes: F3, F6, F7

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +78,880
Change %
Price: $0.000000
Shares after: 78,880
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes: F8, F9

PINS transaction

Class A Common Stock

Sale

Transaction value: $1,381,567
Shares: -78,880
Change %: -100%
Price: $17.51
Shares after: 0
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes: F3, F4, F9

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +416,284
Change %
Price: $0.000000
Shares after: 416,284
Date: 17 Jun 2022
Ownership: The Sharp Revocable Trust (200903031-RT)
Footnotes: F10, F11

PINS transaction

Class A Common Stock

Sale

Transaction value: $7,293,920
Shares: -416,284
Change %: -100%
Price: $17.52
Shares after: 0
Date: 17 Jun 2022
Ownership: The Sharp Revocable Trust (200903031-RT)
Footnotes: F3, F7, F11

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +358,747
Change %
Price: $0.000000
Shares after: 358,747
Date: 17 Jun 2022
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes: F12, F13

PINS transaction

Class A Common Stock

Sale

Transaction value: $6,284,279
Shares: -358,747
Change %: -100%
Price: $17.52
Shares after: 0
Date: 17 Jun 2022
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes: F3, F13, F14

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +422,399
Change %
Price: $0.000000
Shares after: 422,399
Date: 17 Jun 2022
Ownership: Direct
Footnotes: F15

PINS transaction

Class A Common Stock

Sale

Transaction value: $3,220,729
Shares: -186,065
Change %: -44%
Price: $17.31
Shares after: 236,334
Date: 17 Jun 2022
Ownership: Direct
Footnotes: F3, F16

PINS transaction

Class A Common Stock

Sale

Transaction value: $4,180,347
Shares: -236,334
Change %: -100%
Price: $17.69
Shares after: 0
Date: 17 Jun 2022
Ownership: Direct
Footnotes: F3, F17

Reported derivative securities

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

PINS transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -1,002,371
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class: Class B common stock
Underlying amount: 1,002,371
Exercise price: $0.5736
Footnotes: F2, F18

PINS transaction Derivative

Class B common stock

Options Exercise

Transaction value: $0
Shares: +1,002,371
Change %
Price: $0.000000
Shares after: 1,002,371
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class: Class A Common Stock
Underlying amount: 1,002,371
Exercise price
Footnotes: F2, F19

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -549,818
Change %: -55%
Price: $0.000000
Shares after: 452,553
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class: Class A Common Stock
Underlying amount: 549,818
Exercise price
Footnotes: F1, F2, F19

PINS transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -509,900
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Underlying class: Class B common stock
Underlying amount: 509,900
Exercise price: $0.5736
Footnotes: F6, F18

PINS transaction Derivative

Class B common stock

Options Exercise

Transaction value: $0
Shares: +509,900
Change %
Price: $0.000000
Shares after: 509,900
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Underlying class: Class A Common Stock
Underlying amount: 509,900
Exercise price
Footnotes: F6, F19

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -279,783
Change %: -55%
Price: $0.000000
Shares after: 230,117
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Underlying class: Class A Common Stock
Underlying amount: 279,783
Exercise price
Footnotes: F5, F6, F19

PINS transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -143,735
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Underlying class: Class B common stock
Underlying amount: 143,735
Exercise price: $0.5736
Footnotes: F9, F18

PINS transaction Derivative

Class B common stock

Options Exercise

Transaction value: $0
Shares: +143,735
Change %
Price: $0.000000
Shares after: 143,735
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Underlying class: Class A Common Stock
Underlying amount: 143,735
Exercise price
Footnotes: F9, F19

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -78,880
Change %: -55%
Price: $0.000000
Shares after: 64,855
Date: 17 Jun 2022
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Underlying class: Class A Common Stock
Underlying amount: 78,880
Exercise price
Footnotes: F8, F9, F19

PINS transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -758,803
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jun 2022
Ownership: The Sharp Revocable Trust (200903031-RT)
Underlying class: Class B common stock
Underlying amount: 758,803
Exercise price: $0.5736
Footnotes: F11, F18

PINS transaction Derivative

Class B common stock

Options Exercise

Transaction value: $0
Shares: +758,803
Change %
Price: $0.000000
Shares after: 758,803
Date: 17 Jun 2022
Ownership: The Sharp Revocable Trust (200903031-RT)
Underlying class: Class A Common Stock
Underlying amount: 758,803
Exercise price: $0.5736
Footnotes: F11, F19

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -416,284
Change %: -55%
Price: $0.000000
Shares after: 342,519
Date: 17 Jun 2022
Ownership: The Sharp Revocable Trust (200903031-RT)
Underlying class: Class A Common Stock
Underlying amount: 416,284
Exercise price: $0.5736
Footnotes: F10, F11, F19

PINS transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -653,845
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jun 2022
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Underlying class: Class B common stock
Underlying amount: 653,845
Exercise price: $0.5736
Footnotes: F13, F18

PINS transaction Derivative

Class B common stock

Options Exercise

Transaction value: $0
Shares: +653,845
Change %
Price: $0.000000
Shares after: 653,845
Date: 17 Jun 2022
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Underlying class: Class A Common Stock
Underlying amount: 653,845
Exercise price: $0.5736
Footnotes: F13, F19

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -358,747
Change %: -55%
Price: $0.000000
Shares after: 295,098
Date: 17 Jun 2022
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Underlying class: Class A Common Stock
Underlying amount: 358,747
Exercise price: $0.5736
Footnotes: F12, F13, F19

PINS transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -769,908
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jun 2022
Ownership: Direct
Underlying class: Class B common stock
Underlying amount: 769,908
Exercise price: $0.5736
Footnotes: F18

PINS transaction Derivative

Class B common stock

Options Exercise

Transaction value: $0
Shares: +769,908
Change %
Price: $0.000000
Shares after: 769,908
Date: 17 Jun 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 769,908
Exercise price
Footnotes: F19

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -422,399
Change %: -55%
Price: $0.000000
Shares after: 347,509
Date: 17 Jun 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 422,399
Exercise price
Footnotes: F15, F19

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 19 footnotes

Footnote 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.

Footnote 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.

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 $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.

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.

Footnote 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.

Footnote 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.

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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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.

Footnote 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.

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.

Footnote F18

All stock options are fully vested and exercisable.

Footnote 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.

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.