Jeffrey D. Jordan - Nov 1, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Wanji Walcott, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Nov 1, 2023
Transactions value $
-$75,000
Form type
4
Date filed
11/3/2023, 04:58 PM
Previous filing
Oct 12, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale -$75K -2.5K -1.83% $30.00 134K Nov 1, 2023 Jordan Family Revocable Trust u/a 8/25/95 F1
holding PINS Class A Common Stock 50.5K Nov 1, 2023 Direct 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 39,805 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 Class A common stock, par value $0.00001, subject to vesting.