Benjamin Silbermann - Jul 20, 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: Executive Chairman, Co-F, Director, 10%+ Owner
Signature: Monifa Clayton, Attorney-in-Fact
Stock symbol: PINS
Transactions as of: Jul 20, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/22/2022, 05:06 PM
Previous filing: Apr 25, 2022
Next filing: Oct 24, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	PINS	Class B common stock	Tax liability	$0	-57.9K	-3.52%	$0.00	1.58M	Jul 20, 2022	Class A Common Stock	57.9K	Direct	F1, F2, F3
holding	PINS	Class B common stock						38.9M	Jul 20, 2022	Class A Common Stock	38.9M	Benjamin and Divya Silbermann Family Trust	F1
holding	PINS	Class B common stock						9.96M	Jul 20, 2022	Class A Common Stock	9.96M	SFTC, LLC	F1, F4

Showing 1 to 3 of 3 entries

* 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 shares of Class B Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted stock units (RSUs) previously reported.
F3	These securities consist of 767,724 shares of Class B Common Stock and 816,667 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.
F4	Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members interests in The Silbermann 2012 Irrevocable Trust.

Remarks:

The Power of Attorney for Mr. Benjamin Silbermann is filed as an exhibit to the Form 3/A filed by Mr. Silbermann with the Securities and Exchange Commission on April 18, 2019, which is hereby incorporated by reference.