Naveen Gavini - Dec 28, 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: SVP, Products
Signature: Monifa Clayton, Attorney-in-Fact
Stock symbol: PINS
Transactions as of: Dec 28, 2022
Transactions value $: -$336,063
Form type: 4
Date filed: 12/30/2022, 08:43 PM
Previous filing: Dec 22, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINS	Class A Common Stock	Sale	-$110K	-4.77K	-1.08%	$23.04	437K	Dec 28, 2022	Direct	F1, F2, F3, F4
transaction	PINS	Class A Common Stock	Sale	-$113K	-4.77K	-1.09%	$23.64	432K	Dec 29, 2022	Direct	F2, F5, F6
transaction	PINS	Class A Common Stock	Sale	-$114K	-4.77K	-1.1%	$23.85	427K	Dec 30, 2022	Direct	F2, F7, F8

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	Class B common stock						3.13K	Dec 28, 2022	Class A Common Stock	3.13K		Direct	F1, F9

* 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	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.8050 to $23.4750 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 sold at each separate price within the range set forth in this footnote.
F4	These securities consist of 151,707 shares of Class A Common Stock and 285,009 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F5	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.9900 to $23.8650 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 sold at each separate price within the range set forth in this footnote.
F6	These securities consist of 146,942 shares of Class A Common Stock and 285,009 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F7	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.2900 to $24.2850 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 sold at each separate price within the range set forth in this footnote.
F8	These securities consist of 142,177 shares of Class A Common Stock and 285,009 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F9	These securities consist of 3,125 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.