Benjamin Silbermann - 13 Dec 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: Director, 10%+ Owner
Signature: Wanji Walcott, Attorney-in-Fact
Issuer symbol: PINS
Transactions as of: 13 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 15 Dec 2023, 16:00:35 UTC
Previous filing: 24 Oct 2023
Next filing: 23 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINS	Class A Common Stock	Conversion of derivative security	$0	+337,500		$0.000000	337,500	13 Dec 2023	SFTC, LLC	F1, F2, F3
transaction	PINS	Class A Common Stock	Gift	$0	-337,500	-100%	$0.000000^*	0	13 Dec 2023	SFTC, LLC	F3
transaction	PINS	Class A Common Stock	Gift	$0	+337,500		$0.000000	337,500	13 Dec 2023	The Silbermann 2012 Irrevocable Trust	F4
transaction	PINS	Class A Common Stock	Gift	$0	-337,500	-100%	$0.000000^*	0	14 Dec 2023	The Silbermann 2012 Irrevocable Trust	F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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	-337,500	-3.5%	$0.000000	9,212,530	13 Dec 2023	Class A Common Stock	337,500		SFTC, LLC	F1, F2, F3
holding	PINS	Class B Common Stock						1,300,366	13 Dec 2023	Class A Common Stock	1,300,366		Direct	F1, F6
holding	PINS	Class B Common Stock						37,736,888	13 Dec 2023	Class A Common Stock	37,736,888		Benjamin and Divya Silbermann Family Trust	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
F2	Represents the conversion of 337,500 shares of Class B Common Stock into 337,500 shares of Class A Common Stock pursuant to a conversion election made by SFTC, LLC to convert shares in connection with the transfer (without consideration) of such shares from SFTC, LLC to The Silbermann 2012 Irrevocable Trust, which shares shall be part of a charitable donation to be made by The Silbermann 2012 Irrevocable Trust.
F3	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.
F4	Mr. Silbermann disclaims beneficial ownership of the shares held 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.
F5	Represents a charitable donation by The Silbermann 2012 Irrevocable Trust of shares of Class A Common Stock.
F6	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.