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 $5 M +223 K $22.47 223 K 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 8.55 M Aug 3, 2022 Class A Common Stock 8.55 M $19.96 Direct F4

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.