William J. Ready - Aug 3, 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: Chief Executive Officer, Director
Signature: Monifa Clayton, Attorney-in-Fact
Stock symbol: PINS
Transactions as of: Aug 3, 2022
Transactions value $: $5,000,009
Form type: 4
Date filed: 8/4/2022, 05:06 PM
Previous filing: Aug 2, 2022
Next filing: Sep 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINS	Class A Common Stock	Purchase	$5M	+223K		$22.47	223K	Aug 3, 2022	Direct	F1, F2, F3

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
holding	PINS	Stock Option						8.55M	Aug 3, 2022	Class A Common Stock	8.55M	$19.96	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Purchased in connection with Mr. Ready's employment agreement, pursuant to which the Company has agreed to grant Mr. Ready restricted shares of the Company's Class A common stock following such purchase. The grant of such restricted shares has not yet been made.
F2	The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $22.3350 to $22.5100 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 purchased at each separate price within the range set forth in this footnote.
F3	These securities consist of 222,551 shares of Class A Common Stock.
F4	The stock option vests on a quarterly basis over a four-year period beginning on July 20, 2022.