Donnelly Julia Brau - Jun 27, 2024 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Chief Financial Officer
Signature
Jacquie Katzel, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jun 27, 2024
Transactions value $
-$1,343,887
Form type
4
Date filed
7/1/2024, 06:04 PM
Previous filing
Jun 24, 2024
Next filing
Sep 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale -$1.34M -30.3K -7.7% $44.38 363K Jun 27, 2024 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $44.2600 to $44.5500 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.
F3 These securities consist of 362,822 Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001 (Class A Common Stock), subject to vesting.
F4 Due to an administrative error, 100,936 unsettled Restricted Stock Units (RSUs) were inadvertently reported as Class A shares on the Form 4 filed on June 24, 2024. In addition to reporting a sale, this Form 4 is being filed to correct the number of Class A shares and RSUs. All other information set forth in the June 24, 2024 Form 4 remains correct.