| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Sale | -$1.2 M | -45.2 K | -11.43% | $26.48 | 350 K | Sep 14, 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 $26.0800 to $26.7800 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 45,151 shares of Class A common stock, 191,349 Restricted Stock Awards (RSAs), and 113,336 Restricted Stock Units (RSUs). Each RSA and RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001, subject to vesting. |