Christine Flores - 07 Nov 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
General Counsel
Signature
Christine Flores
Issuer symbol
PINS
Transactions as of
07 Nov 2022
Net transactions value
$0
Form type
4
Filing time
09 Nov 2022, 16:39:15 UTC
Previous filing
22 Sep 2022
SEC
View on sec.gov

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 +111,212 $0.000000 111,212 07 Nov 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
transaction PINS Class B common stock Conversion of derivative security $0 -111,212 -100% $0.000000* 0 07 Nov 2022 Class A Common Stock 111,212 Direct F1, F2, F4
* 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 the conversion of 111,212 shares of Class B Common Stock into 111,212 shares of Class A Common Stock.
F3 These securities consist of 111,212 shares of Class A Common Stock. Does not include 294,872 previously reported Restricted Stock Awards (RSAs) included in the reporting person's last Form 4 which were forfeited upon the reporting person's retirement as an officer on October 1, 2022.
F4 Does not include 58,333 previously reported Restricted Stock Units (RSUs) included in the reporting person's last Form 4 which were forfeited upon the reporting person's retirement as an officer on October 1, 2022.

Remarks:

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