Evan Sharp - 08 Dec 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
12 Dec 2023, 16:33:20 UTC
Prior SEC filing
05 Dec 2023
Next SEC filing
23 Jan 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Wanji Walcott, Attorney-in-Fact

Key filing fact

Evan Sharp filed Form 4 for PINTEREST, INC. (PINS) on 12 Dec 2023.

Key facts

  • This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 12 Dec 2023, 16:33.

Change

  • Previous filing in this sequence was filed on 05 Dec 2023.
  • Current net transaction value: -$232,833.

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
+6,652
Change %
Price
$0.000000
Shares after
6,652
Date
08 Dec 2023
Ownership
Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes
F1, F2
PINS transaction

Class A Common Stock

Sale

Transaction value
$232,833
Shares
-6,652
Change %
-100%
Price
$35.00
Shares after
0
Date
08 Dec 2023
Ownership
Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes
F2, F3, F4

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
-6,652
Change %
-2.4%
Price
$0.000000
Shares after
271,532
Date
08 Dec 2023
Ownership
Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class
Class A Common Stock
Underlying amount
6,652
Exercise price
Footnotes
F1, F2, F5
* 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 5 footnotes

Footnote F1

Represents the conversion of 6,652 shares of Class B Common Stock into 6,652 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

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.

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