Marc Steinberg - 16 Dec 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Monifa Clayton, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
16 Dec 2022
Net transactions value
$0
Form type
4
Filing time
20 Dec 2022, 17:10:38 UTC
Next filing
31 May 2023
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 Award $0 +16,129 $0.000000 16,129 16 Dec 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities consist of 16,129 Restricted Stock Units (RSUs). Each RSU represents Mr. Steinberg's right to receive one share of Class A common stock, par value $0.00001 (Class A Common Stock), subject to vesting. The RSUs will vest in three equal, annual installments of 33% of the total number of RSUs on December 16, 2023, 33% of the total number of RSUs on December 16, 2024, and the remaining 34% of the total number of the RSUs will vest on December 16, 2025, and, in each case, subject to Mr. Steinberg's continued service as a non-employee director of the Company through each such date.

Remarks:

The Power of Attorney for Mr. Steinberg is filed as an exhibit to the Form 3 filed by Mr. Steinberg with the Securities and Exchange Commission on December 16, 2022, which is hereby incorporated by reference.