Evan Sharp - 01 Dec 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Reporting relationship: Director
Issuer ticker: PINS
Reported as of: 01 Dec 2023
Net transaction value: -$4,589,333
SEC form: 4
Accepted by SEC: 05 Dec 2023, 16:17:28 UTC
Prior SEC filing: 17 Nov 2023
Next SEC filing: 12 Dec 2023
Source filing: View source filing
Reporting owner signature: Wanji Walcott, Attorney-in-Fact

Key filing fact

Evan Sharp filed Form 4 for PINTEREST, INC. (PINS) on 05 Dec 2023.

Key facts

This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
15 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 05 Dec 2023, 16:17.

Change

Previous filing in this sequence was filed on 17 Nov 2023.
Current net transaction value: -$4,589,333.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +61,231
Change %
Price: $0.000000
Shares after: 61,231
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes: F1, F2

PINS transaction

Class A Common Stock

Sale

Transaction value: $2,143,220
Shares: -61,231
Change %: -100%
Price: $35.00
Shares after: 0
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes: F2, F3, F4

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +7,592
Change %
Price: $0.000000
Shares after: 7,592
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes: F5, F6

PINS transaction

Class A Common Stock

Sale

Transaction value: $265,754
Shares: -7,592
Change %: -100%
Price: $35.00
Shares after: 0
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes: F3, F6, F7

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +2,140
Change %
Price: $0.000000
Shares after: 2,140
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes: F8, F9

PINS transaction

Class A Common Stock

Sale

Transaction value: $74,910
Shares: -2,140
Change %: -100%
Price: $35.00
Shares after: 0
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes: F3, F4, F9

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +9,886
Change %
Price: $0.000000
Shares after: 9,886
Date: 01 Dec 2023
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes: F10, F11

PINS transaction

Class A Common Stock

Sale

Transaction value: $346,139
Shares: -9,886
Change %: -100%
Price: $35.01
Shares after: 0
Date: 01 Dec 2023
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes: F3, F4, F11

PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +50,261
Change %
Price: $0.000000
Shares after: 50,261
Date: 01 Dec 2023
Ownership: The Sharp Revocable Trust (200903031-RT)
Footnotes: F12, F13

PINS transaction

Class A Common Stock

Sale

Transaction value: $1,759,311
Shares: -50,261
Change %: -100%
Price: $35.00
Shares after: 0
Date: 01 Dec 2023
Ownership: The Sharp Revocable Trust (200903031-RT)
Footnotes: F3, F4, F13

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -61,231
Change %: -18%
Price: $0.000000
Shares after: 278,184
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class: Class A Common Stock
Underlying amount: 61,231
Exercise price
Footnotes: F1, F2, F14

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -7,592
Change %: -4.6%
Price: $0.000000
Shares after: 156,267
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 2 (200903031-T2)
Underlying class: Class A Common Stock
Underlying amount: 7,592
Exercise price
Footnotes: F5, F6, F14

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -2,140
Change %: -4.6%
Price: $0.000000
Shares after: 44,042
Date: 01 Dec 2023
Ownership: Sharp Family Investments LLC Fund 3 (200903031-T3)
Underlying class: Class A Common Stock
Underlying amount: 2,140
Exercise price
Footnotes: F8, F9, F14

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -9,886
Change %: -4.7%
Price: $0.000000
Shares after: 199,341
Date: 01 Dec 2023
Ownership: The Sharp Irrevocable Remainder Trust (200903031-IT)
Underlying class: Class A Common Stock
Underlying amount: 9,886
Exercise price
Footnotes: F10, F11, F14

PINS transaction Derivative

Class B common stock

Conversion of derivative security

Transaction value: $0
Shares: -50,261
Change %: -16%
Price: $0.000000
Shares after: 267,127
Date: 01 Dec 2023
Ownership: The Sharp Revocable Trust (200903031-RT)
Underlying class: Class A Common Stock
Underlying amount: 50,261
Exercise price
Footnotes: F12, F13, F14

^* 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 14 footnotes

Footnote F1

Represents the conversion of 61,231 shares of Class B Common Stock into 61,231 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.

Footnote F2

These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1.

Footnote F3

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

Footnote F4

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.0000 to $35.0250 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.

Footnote F5

Represents the conversion of 7,592 shares of Class B Common Stock into 7,592 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.

Footnote F6

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.

Footnote F7

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.0000 to $35.0200 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.

Footnote F8

Represents the conversion of 2,140 shares of Class B Common Stock into 2,140 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.

Footnote F9

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.

Footnote F10

Represents the conversion of 9,886 shares of Class B Common Stock into 9.886 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.

Footnote F11

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.

Footnote F12

Represents the conversion of 50,261 shares of Class B Common Stock into 50,261 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.

Footnote F13

These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust.

Footnote F14

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.