Evan Sharp - 20 Jul 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Reporting relationship: Director
Issuer ticker: PINS
Reported as of: 20 Jul 2023
Net transaction value: -$1,748,156
SEC form: 4
Accepted by SEC: 24 Jul 2023, 17:03:41 UTC
Prior SEC filing: 19 Jul 2023
Next SEC filing: 31 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 24 Jul 2023.

Key facts

This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 24 Jul 2023, 17:03.

Change

Previous filing in this sequence was filed on 19 Jul 2023.
Current net transaction value: -$1,748,156.

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 derivative securities

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

PINS transaction Derivative

Class B common stock

Tax liability

Transaction value: $1,748,156
Shares: -61,425
Change %: -5.4%
Price: $28.46
Shares after: 1,084,907
Date: 20 Jul 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 61,425
Exercise price
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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, convert automatically into one share of Class A Common Stock upon any transfer.

Footnote F2

Represents shares of Class B 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 Restricted Stock Units (RSUs) previously reported.

Footnote F3

These securities consists 734,906 shares of Class B Common Stock and 350,001 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

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.