Evan Sharp - 15 May 2024 Form 4 Insider Report for PINTEREST, INC. (PINS)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
17 May 2024, 17:05:01 UTC
Prior SEC filing
23 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Jacquie Katzel, Attorney-in-Fact

Key filing fact

Evan Sharp filed Form 4 for PINTEREST, INC. (PINS) on 17 May 2024.

Key facts

  • This page summarizes Evan Sharp's Form 4 filing for PINTEREST, INC. (PINS).
  • 18 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 17 May 2024, 17:05.

Change

  • Previous filing in this sequence was filed on 23 Apr 2024.
  • Current net transaction value: -$8,028,159.

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
+53,958
Change %
Price
$0.000000
Shares after
53,958
Date
15 May 2024
Ownership
Direct
Footnotes
F1
PINS transaction

Class A Common Stock

Sale

Transaction value
$2,259,427
Shares
-53,958
Change %
-100%
Price
$41.87
Shares after
0
Date
15 May 2024
Ownership
Direct
Footnotes
F2, F3
PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+67,883
Change %
Price
$0.000000
Shares after
67,883
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes
F4, F5
PINS transaction

Class A Common Stock

Sale

Transaction value
$2,842,716
Shares
-67,883
Change %
-100%
Price
$41.88
Shares after
0
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 1 (200903031-T1)
Footnotes
F2, F5, F6
PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+7,589
Change %
Price
$0.000000
Shares after
7,589
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes
F7, F8
PINS transaction

Class A Common Stock

Sale

Transaction value
$317,770
Shares
-7,589
Change %
-100%
Price
$41.87
Shares after
0
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 2 (200903031-T2)
Footnotes
F2, F8, F9
PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+2,139
Change %
Price
$0.000000
Shares after
2,139
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes
F10, F11
PINS transaction

Class A Common Stock

Sale

Transaction value
$89,596
Shares
-2,139
Change %
-100%
Price
$41.89
Shares after
0
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 3 (200903031-T3)
Footnotes
F2, F11, F12
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
15 May 2024
Ownership
The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes
F13, F14
PINS transaction

Class A Common Stock

Sale

Transaction value
$414,000
Shares
-9,886
Change %
-100%
Price
$41.88
Shares after
0
Date
15 May 2024
Ownership
The Sharp Irrevocable Remainder Trust (200903031-IT)
Footnotes
F2, F14, F15
PINS transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+50,259
Change %
Price
$0.000000
Shares after
50,259
Date
15 May 2024
Ownership
The Sharp Revocable Trust (200903031-RT)
Footnotes
F16, F17
PINS transaction

Class A Common Stock

Sale

Transaction value
$2,104,651
Shares
-50,259
Change %
-100%
Price
$41.88
Shares after
0
Date
15 May 2024
Ownership
The Sharp Revocable Trust (200903031-RT)
Footnotes
F2, F17, F18

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
-53,958
Change %
-14%
Price
$0.000000
Shares after
332,156
Date
15 May 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
53,958
Exercise price
Footnotes
F1, F19
PINS transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-67,883
Change %
-25%
Price
$0.000000
Shares after
203,649
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 1 (200903031-T1)
Underlying class
Class A Common Stock
Underlying amount
67,883
Exercise price
Footnotes
F4, F5, F19
PINS transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-7,589
Change %
-4.9%
Price
$0.000000
Shares after
148,678
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 2 (200903031-T2)
Underlying class
Class A Common Stock
Underlying amount
7,589
Exercise price
Footnotes
F7, F8, F19
PINS transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-2,139
Change %
-4.9%
Price
$0.000000
Shares after
41,903
Date
15 May 2024
Ownership
Sharp Family Investments LLC Fund 3 (200903031-T3)
Underlying class
Class A Common Stock
Underlying amount
2,139
Exercise price
Footnotes
F10, F11, F19
PINS transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-9,886
Change %
-5%
Price
$0.000000
Shares after
189,455
Date
15 May 2024
Ownership
The Sharp Irrevocable Remainder Trust (200903031-IT)
Underlying class
Class A Common Stock
Underlying amount
9,886
Exercise price
Footnotes
F13, F14, F19
PINS transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-50,259
Change %
-19%
Price
$0.000000
Shares after
216,868
Date
15 May 2024
Ownership
The Sharp Revocable Trust (200903031-RT)
Underlying class
Class A Common Stock
Underlying amount
50,259
Exercise price
Footnotes
F16, F17, F19
* 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 19 footnotes

Footnote F1

Represents the conversion of 53,958 shares of Class B Common Stock into 53,958 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

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

Footnote F3

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6300 to $42.3350 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 F4

Represents the conversion of 67,883 shares of Class B Common Stock into 67,883 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 F5

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 F6

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6400 to $42.3600 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 F7

Represents the conversion of 7,589 shares of Class B Common Stock into 7,589 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 F8

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 F9

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6650 to $42.2700 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 F10

Represents the conversion of 2,139 shares of Class B Common Stock into 2,139 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 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 F12

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.7000 to $42.2700 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 F13

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 F14

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 F15

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6900 to $42.3600 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 F16

Represents the conversion of 50,259 shares of Class B Common Stock into 50,259 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 F17

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 F18

The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $41.6500 to $42.3600 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 F19

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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