Key facts
- This page summarizes Benjamin Silbermann's Form 4 filing for PINTEREST, INC. (PINS).
- 1 reported transaction and 3 derivative rows are listed below.
- Accepted by SEC: 24 Jul 2023, 17:05.
Benjamin Silbermann - 20 Jul 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)
- Reporting relationship
- Executive Chairman, Co-F, Director, 10%+ Owner
- Issuer ticker
- PINS
- Reported as of
- 20 Jul 2023
- Net transaction value
- -$1,646,553
- SEC form
- 4
- Accepted by SEC
- 24 Jul 2023, 17:05:29 UTC
- Prior SEC filing
- 23 Jun 2023
- Next SEC filing
- 24 Oct 2023
- Source filing
- View source filing
- Reporting owner signature
- Monifa Clayton, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Benjamin Silbermann filed Form 4 for PINTEREST, INC. (PINS) on 24 Jul 2023.
Change
- Previous filing in this sequence was filed on 23 Jun 2023.
- Current net transaction value: -$1,646,553.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- $1,646,553
- Shares
- -57,855
- Change %
- -4.1%
- Price
- $28.46
- Shares after
- 1,358,221
- Date
- 20 Jul 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 57,855
- Exercise price
- Footnotes
- F1, F2, F3
PINS
holding
Derivative
Class B common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 37,736,888
- Date
- 20 Jul 2023
- Ownership
- Benjamin and Divya Silbermann Family Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 37,736,888
- Exercise price
- Footnotes
- F1
PINS
holding
Derivative
Class B common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,550,030
- Date
- 20 Jul 2023
- Ownership
- SFTC, LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,550,030
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 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 consist of 1,008,220 shares of 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.
Footnote F4
Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members interests in The Silbermann 2012 Irrevocable Trust.
SEC remarks
The Power of Attorney for Mr. Benjamin Silbermann is filed as an exhibit to the Form 3/A filed by Mr. Silbermann with the Securities and Exchange Commission on April 18, 2019, which is hereby incorporated by reference.