Gokul Rajaram - 18 Oct 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Wanji Walcott, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
18 Oct 2023
Net transactions value
-$53,108
Form type
4
Filing time
18 Oct 2023, 18:38:57 UTC
Previous filing
25 Sep 2023
Next filing
23 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale $53,108 -1,934 -3.7% $27.46 50,986 18 Oct 2023 Direct F1, F2
holding PINS Class A Common Stock 3,957 18 Oct 2023 Rajaram Family Revocable Trust
* 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 40,256 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, par value $0.00001 (Class A Common Stock), subject to vesting.