Todd R. Morgenfeld - Sep 20, 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Chief Financial Officer
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, 04:40 PM
Previous filing
Jun 30, 2022
Next filing
Sep 30, 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 Exercise Price Ownership Footnotes
transaction PINS Class B common stock Tax liability $0 -61.4K -26.33% $0.00 172K Sep 20, 2022 Class A Common Stock 61.4K Direct F1, F2, F3
* 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 consists of 55,241 shares of Class B Common Stock and 116,666 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.

Remarks:

The Power of Attorney for Mr. Todd Morgenfeld is filed as an exhibit to the Form 3 filed by Mr. Morgenfeld with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.