| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Sale | $48,834 | -1,934 | -3.4% | $25.25 | 54,854 | 16 Aug 2023 | Direct | F1, F2 |
| holding | PINS | Class A Common Stock | 3,957 | 16 Aug 2023 | Rajaram Family Revocable Trust |
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 44,124 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. |