| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Sale | -$215K | -7.5K | -4.43% | $28.60 | 162K | Aug 1, 2023 | Jordan Family Revocable Trust u/a 8/25/95 | F1 |
| holding | PINS | Class A Common Stock | 50.5K | Aug 1, 2023 | Direct | F2 |
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 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. |
| F2 | These securities consist of 39,805 shares of Class A Common Stock and 10,730 Restricted Stock Units (RSU). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. |
The Power of Attorney for Mr. Jeffrey Jordan is filed as an exhibit to the Form 3 filed by Mr. Jordan with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.