William J. Ready - Jul 20, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Chief Executive Officer, Director
Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jul 20, 2023
Transactions value $
-$797,957
Form type
4
Date filed
7/24/2023, 05:04 PM
Previous filing
Jun 1, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Tax liability -$798K -29K -2.68% $27.53 1.05M Jul 20, 2023 Direct F1, F2

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 Stock Option 8.55M Jul 20, 2023 Class A Common Stock 8.55M $19.96 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Restricted Stock Awards (RSAs) previously reported.
F2 These securities consist of 352,043 shares of Class A Common Stock and 700,935 shares of Class A Common Stock RSAs.
F3 This stock option vests on a quarterly basis over a four-year period that began on July 20, 2022.

Remarks:

The Power of Attorney for Mr. William Ready is filed as an exhibit to the Form 3 filed by Mr. Ready with the Securities and Exchange Commission on June 29, 2022, which is hereby incorporated by reference.