| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Sale | -$648K | -25.6K | -8.43% | $25.34 | 277K | Aug 16, 2023 | Direct | F1, F2, F3 |
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 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.2650 to $25.4000 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F3 | These securities consist of 25,556 shares of Class A Common Stock and 251,890 shares of Class A Common Stock Restricted Stock Units (RSUs), subject to certain restrictions. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, subject to vesting.. |
The Power of Attorney for Ms. Wanji Walcott is filed as an exhibit to the Form 3 filed by Ms. Walcott with the Securities and Exchange Commission on November 22, 2022, which is hereby incorporated by reference.