Key facts
- This page summarizes Benjamin Silbermann's Form 4 filing for PINTEREST, INC. (PINS).
- 1 reported transaction and 3 derivative rows are listed below.
- Accepted by SEC: 24 Oct 2023, 16:46.
Benjamin Silbermann - 20 Oct 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- PINS
- Reported as of
- 20 Oct 2023
- Net transaction value
- -$1,501,916
- SEC form
- 4
- Accepted by SEC
- 24 Oct 2023, 16:46:31 UTC
- Prior SEC filing
- 24 Jul 2023
- Next SEC filing
- 15 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- Wanji Walcott, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Benjamin Silbermann filed Form 4 for PINTEREST, INC. (PINS) on 24 Oct 2023.
Change
- Previous filing in this sequence was filed on 24 Jul 2023.
- Current net transaction value: -$1,501,916.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PINS
transaction
Derivative
Class B common stock
Tax liability
- Transaction value
- $1,501,916
- Shares
- -57,855
- Change %
- -4.3%
- Price
- $25.96
- Shares after
- 1,300,366
- Date
- 20 Oct 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 57,855
- Exercise price
- Footnotes
- F1, F2, F3
PINS
holding
Derivative
Class B common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 37,736,888
- Date
- 20 Oct 2023
- Ownership
- Benjamin and Divya Silbermann Family Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 37,736,888
- Exercise price
- Footnotes
- F1
PINS
holding
Derivative
Class B common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,550,030
- Date
- 20 Oct 2023
- Ownership
- SFTC, LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,550,030
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 4 footnotes
Footnote F1
Each share of Class B common stock, par value $0.00001 (Class B Common Stock) is convertible at any time at the option of the holder into one share of the Company's Class A common stock, par value $0.00001 (Class A Common Stock). Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer and in other circumstances as outlined in Issuer's Certificate of Incorporation.
Footnote F2
Represents shares of Class B 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 Units (RSUs) previously reported.
Footnote F3
These securities consist of 1,067,032 shares of Class B common stock and 233,334 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B common stock, subject to vesting.
Footnote F4
Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members interests in The Silbermann 2012 Irrevocable Trust.