Christine Deputy - Oct 10, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Chief People Officer
Signature
Wanji Walcott, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Oct 10, 2023
Transactions value $
-$215,963
Form type
4
Date filed
10/12/2023, 06:01 PM
Previous filing
Sep 28, 2023
Next filing
Oct 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale -$216K -7.45K -2.35% $29.00 309K Oct 10, 2023 Direct F1, 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 45,151 shares of Class A common stock, 150,447 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.