Andrea Acosta - Jun 1, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jun 1, 2023
Transactions value $
-$41,798
Form type
4
Date filed
6/22/2023, 04:03 PM
Previous filing
May 23, 2023
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Award $0 +37.8K +20.42% $0.00 223K Jun 1, 2023 Direct F1
transaction PINS Class A Common Stock Tax liability -$41.8K -1.66K -0.74% $25.21 221K Jun 20, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities consist of 37,778 Restricted Stock Units (RSUs) that were granted on June 1, 2023, for which 3,148 RSUs will vest on June 20, 2023, September 20, 2023, December 20, 2023, March 20, 2024, June 20, 2024, September 20, 2024, March 20, 2025, June 20, 2025, September 20, 2025, December 20, 2025; and 3,149 will vest on December 20, 2024 and March 20, 2026, subject to the Reporting Person's continued service through each such date. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001 (Class A Common Stock), subject to vesting. This award was inadvertently not reported earlier this month, due to an administrative error.
F2 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.
F3 These securities consist of 34,035 shares of Class A Common Stock and 187,070 Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.