Naveen Gavini - Oct 12, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Naveen Gavini
Stock symbol
PINS
Transactions as of
Oct 12, 2023
Transactions value $
-$269,437
Form type
4
Date filed
10/16/2023, 04:07 PM
Previous filing
Sep 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale -$269K -9.6K -5.07% $28.08 180K Oct 12, 2023 Direct F1, F2, F3
* 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $27.6500 to $28.4900 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 64,324 shares of Class A Common Stock and 115,384 previously reported Restricted Stock Awards (RSAs), subject to certain restrictions. Each RSA represents the Reporting Person's right to receive one share of Class A common stock, subject to vesting.