Jeffrey D. Jordan - Sep 1, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Sep 1, 2023
Transactions value $
-$208,650
Form type
4
Date filed
9/5/2023, 04:37 PM
Previous filing
Aug 31, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale -$209K -7.5K -4.64% $27.82 154K Sep 1, 2023 Jordan Family Revocable Trust u/a 8/25/95 F1
holding PINS Class A Common Stock 50.5K Sep 1, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

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.

Remarks:

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.