| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +45.5K | $0.00 | 45.5K | Nov 15, 2023 | Sharp Family Investments LLC Fund 2 (200903031-T2) | F1, F2 | |
| transaction | PINS | Class A Common Stock | Sale | -$1.45M | -45.5K | -100% | $31.88 | 0 | Nov 15, 2023 | Sharp Family Investments LLC Fund 2 (200903031-T2) | F2, F3, F4 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +12.8K | $0.00 | 12.8K | Nov 15, 2023 | Sharp Family Investments LLC Fund 3 (200903031-T3) | F5, F6 | |
| transaction | PINS | Class A Common Stock | Sale | -$409K | -12.8K | -100% | $31.88 | 0 | Nov 15, 2023 | Sharp Family Investments LLC Fund 3 (200903031-T3) | F3, F4, F6 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +59.3K | $0.00 | 59.3K | Nov 15, 2023 | The Sharp Irrevocable Remainder Trust (200903031-IT) | F7, F8 | |
| transaction | PINS | Class A Common Stock | Sale | -$1.89M | -59.3K | -100% | $31.88 | 0 | Nov 15, 2023 | The Sharp Irrevocable Remainder Trust (200903031-IT) | F3, F8, F9 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +25.1K | $0.00 | 25.1K | Nov 15, 2023 | The Sharp Revocable Trust (200903031-RT) | F10, F11 | |
| transaction | PINS | Class A Common Stock | Sale | -$801K | -25.1K | -100% | $31.88 | 0 | Nov 15, 2023 | The Sharp Revocable Trust (200903031-RT) | F3, F11, F12 |
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +403K | $0.00 | 403K | Nov 15, 2023 | Direct | F13 | |
| transaction | PINS | Class A Common Stock | Sale | -$12.8M | -403K | -100% | $31.88 | 0 | Nov 15, 2023 | Direct | F3, F14 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -45.5K | -21.75% | $0.00 | 164K | Nov 15, 2023 | Class A Common Stock | 45.5K | Sharp Family Investments LLC Fund 2 (200903031-T2) | F1, F2, F13 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -12.8K | -21.75% | $0.00 | 46.2K | Nov 15, 2023 | Class A Common Stock | 12.8K | Sharp Family Investments LLC Fund 3 (200903031-T3) | F5, F6, F13 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -59.3K | -22.09% | $0.00 | 209K | Nov 15, 2023 | Class A Common Stock | 59.3K | The Sharp Irrevocable Remainder Trust (200903031-IT) | F7, F8, F13 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -25.1K | -7.34% | $0.00 | 317K | Nov 15, 2023 | Class A Common Stock | 25.1K | The Sharp Revocable Trust (200903031-RT) | F10, F11, F13 | |
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -403K | -41.6% | $0.00 | 565K | Nov 15, 2023 | Class A Common Stock | 403K | Direct | F13, F15 |
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).
| Id | Content |
|---|---|
| F1 | Represents the conversion of 45,548 shares of Class B Common Stock into 45,548 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. |
| F2 | These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2. |
| F3 | The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. |
| F4 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $31.7050 to $32.2900 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. |
| F5 | Represents the conversion of 12,837 shares of Class B Common Stock into 12,837 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. |
| F6 | These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3. |
| F7 | Represents the conversion of 59,316 shares of Class B Common Stock into 59,316 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. |
| F8 | These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust. |
| F9 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $31.7100 to $32.2900 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. |
| F10 | Represents the conversion of 25,131 shares of Class B Common Stock into 25,131 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. |
| F11 | These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust. |
| F12 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $31.7050 to $32.2100 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. |
| F13 | 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. |
| F14 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $31.7000 to $32.2900 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. |
| F15 | These securities consist of 332,156 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. |