Evan Sharp - 18 Jul 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Reporting relationship: Director
Issuer ticker: PINS
Reported as of: 18 Jul 2023
Net transaction value: -$5,103,537
SEC form: 4
Accepted by SEC: 19 Jul 2023, 16:03:33 UTC
Prior SEC filing: 01 May 2023
Next SEC filing: 24 Jul 2023
Source filing: View source filing
Reporting owner signature: Monifa Clayton, Attorney-in-Fact

Key filing fact

Evan Sharp filed Form 4 for PINTEREST, INC. (PINS) on 19 Jul 2023.

Key facts

This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
12 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 19 Jul 2023, 16:03.

Change

Previous filing in this sequence was filed on 01 May 2023.
Current net transaction value: -$5,103,537.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +113,138
Change %
Price: $0.000000
Shares after: 113,138
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes: F1, F2

PINS transaction

Class A Common Stock

Sale

Transaction value: $3,473,337
Shares: -113,138
Change %: -100%
Price: $30.70
Shares after: 0
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes: F2, F3

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +20,710
Change %
Price: $0.000000
Shares after: 20,710
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes: F4, F5

PINS transaction

Class A Common Stock

Sale

Transaction value: $635,797
Shares: -20,710
Change %: -100%
Price: $30.70
Shares after: 0
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes: F3, F5

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +5,836
Change %
Price: $0.000000
Shares after: 5,836
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes: F6, F7

PINS transaction

Class A Common Stock

Sale

Transaction value: $179,165
Shares: -5,836
Change %: -100%
Price: $30.70
Shares after: 0
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes: F3, F7

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +26,555
Change %
Price: $0.000000
Shares after: 26,555
Date: 18 Jul 2023
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes: F8, F9

PINS transaction

Class A Common Stock

Sale

Transaction value: $815,238
Shares: -26,555
Change %: -100%
Price: $30.70
Shares after: 0
Date: 18 Jul 2023
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes: F3, F9

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -113,138
Change %: -25%
Price: $0.000000
Shares after: 339,415
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class: Class A Common Stock
Underlying amount: 113,138
Exercise price
Footnotes: F1, F2, F10

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -20,710
Change %: -9%
Price: $0.000000
Shares after: 209,407
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Underlying class: Class A Common Stock
Underlying amount: 20,710
Exercise price
Footnotes: F4, F5, F10

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -5,836
Change %: -9%
Price: $0.000000
Shares after: 59,019
Date: 18 Jul 2023
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Underlying class: Class A Common Stock
Underlying amount: 5,836
Exercise price
Footnotes: F6, F7, F10

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -26,555
Change %: -9%
Price: $0.000000
Shares after: 268,543
Date: 18 Jul 2023
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Underlying class: Class A Common Stock
Underlying amount: 26,555
Exercise price
Footnotes: F8, F9, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 10 footnotes

Footnote F1

Represents the conversion of 113,138 shares of Class B Common Stock into 113,138 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

Footnote F2

These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1.

Footnote F3

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

Footnote F4

Represents the conversion of 20,710 shares of Class B Common Stock into 20,710 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

Footnote F5

These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2.

Footnote F6

Represents the conversion of 5,836 shares of Class B Common Stock into 5,836 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

Footnote F7

These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3.

Footnote F8

Represents the conversion of 26,555 shares of Class B Common Stock into 26,555 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.

Footnote F9

These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust.

Footnote F10

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.

SEC remarks

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