Naveen Gavini - Sep 20, 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: SVP, Products
Signature: Monifa Clayton, Attorney-in-Fact
Stock symbol: PINS
Transactions as of: Sep 20, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/22/2022, 04:35 PM
Previous filing: Sep 14, 2022
Next filing: Oct 14, 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	+10.4K	+2.12%	$0.00	503K	Sep 20, 2022	Direct	F1, F2, F3
transaction	PINS	Class A Common Stock	Tax liability	$0	-28.1K	-5.58%	$0.00	474K	Sep 20, 2022	Direct	F4, F5

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	Class B common stock	Conversion of derivative security	$0	-10.4K	-45.45%	$0.00	12.5K	Sep 20, 2022	Class A Common Stock	10.4K		Direct	F1, F6

* 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, automatically convert into one share of Class A Common Stock upon any transfer.
F2	Represents the conversion of 10,416 shares of Class B Common Stock into 10,416 shares of Class A Common Stock in connection with the vesting and settlement of previously reported Restricted Stock Units (RSUs), as described below.
F3	These securities consist of 124,028 shares of Class A Common Stock and 378,529 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F4	Represents shares of Class A 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 RSUs and RSAs.
F5	These securities consist of 142,149 shares of Class A Common Stock and 332,342 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F6	These securities consist of 12,500 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, which will be automatically converted into shares of Class A Common Stock upon vesting, pursuant to an irrevocable consent signed by the Reporting Person on September 29, 2019 to automatically convert all shares of Class B Common Stock into shares of Class A Common Stock.

Remarks:

The Power of Attorney for Mr. Naveen Gavini is filed as an exhibit to the Form 3 filed by Mr. Gavini with the Securities and Exchange Commission on March 8, 2021, which is hereby incorporated by reference.