| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +113K | $0.00 | 113K | Jul 18, 2023 | Sharp Family Investments LLC Fund 1 (200903031-T1) | F1, F2 | |
| transaction | PINS | Class A Common Stock | Sale | -$3.47M | -113K | -100% | $30.70 | 0 | Jul 18, 2023 | Sharp Family Investments LLC Fund 1 (200903031-T1) | F2, F3 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +20.7K | $0.00 | 20.7K | Jul 18, 2023 | Sharp Family Investments LLC Fund 2 (200903031-T2) | F4, F5 | |
| transaction | PINS | Class A Common Stock | Sale | -$636K | -20.7K | -100% | $30.70 | 0 | Jul 18, 2023 | Sharp Family Investments LLC Fund 2 (200903031-T2) | F3, F5 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +5.84K | $0.00 | 5.84K | Jul 18, 2023 | Sharp Family Investments LLC Fund 3 (200903031-T3) | F6, F7 | |
| transaction | PINS | Class A Common Stock | Sale | -$179K | -5.84K | -100% | $30.70 | 0 | Jul 18, 2023 | Sharp Family Investments LLC Fund 3 (200903031-T3) | F3, F7 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +26.6K | $0.00 | 26.6K | Jul 18, 2023 | The Sharp Irrevocable Remainder Trust (200903031-IT) | F8, F9 | |
| transaction | PINS | Class A Common Stock | Sale | -$815K | -26.6K | -100% | $30.70 | 0 | Jul 18, 2023 | The Sharp Irrevocable Remainder Trust (200903031-IT) | F3, F9 |
| 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 | -113K | -25% | $0.00 | 339K | Jul 18, 2023 | Class A Common Stock | 113K | Sharp Family Investments LLC Fund 1 (200903031-T1) | F1, F2, F10 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -20.7K | -9% | $0.00 | 209K | Jul 18, 2023 | Class A Common Stock | 20.7K | Sharp Family Investments LLC Fund 2 (200903031-T2) | F4, F5, F10 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -5.84K | -9% | $0.00 | 59K | Jul 18, 2023 | Class A Common Stock | 5.84K | Sharp Family Investments LLC Fund 3 (200903031-T3) | F6, F7, F10 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -26.6K | -9% | $0.00 | 269K | Jul 18, 2023 | Class A Common Stock | 26.6K | The Sharp Irrevocable Remainder Trust (200903031-IT) | F8, F9, F10 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| 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. |
| 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. |
| F3 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
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.