William J. Ready - 20 Oct 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Wanji Walcott, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
20 Oct 2023
Net transactions value
-$752,217
Form type
4
Filing time
24 Oct 2023, 16:45:15 UTC
Previous filing
02 Aug 2023
Next filing
31 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Tax liability $752,217 -28,976 -2.8% $25.96 1,024,002 20 Oct 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PINS Stock Option 8,553,172 20 Oct 2023 Class A Common Stock 8,553,172 $19.96 Direct 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 Represents shares of Class A common stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of Restricted Stock Awards (RSAs) previously reported.
F2 These securities consist of 381,478 shares of Class A Common Stock and 642,524 shares of Class A Common Stock RSAs.
F3 This stock option vests on a quarterly basis over a four-year period that began on July 20, 2022, subject to continued service to the Issuer.