Key facts
- This page summarizes Benjamin Silbermann's Form 4 filing for PINTEREST, INC. (PINS).
- 1 reported transaction and 3 derivative rows are listed below.
- Accepted by SEC: 06 Aug 2024, 18:59.
Benjamin Silbermann - 24 May 2024 Form 4 Insider Report for PINTEREST, INC. (PINS)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- PINS
- Reported as of
- 24 May 2024
- Net transaction value
- +$259,995
- SEC form
- 4
- Accepted by SEC
- 06 Aug 2024, 18:59:16 UTC
- Prior SEC filing
- 23 Apr 2024
- Next SEC filing
- 20 Mar 2025
- Source filing
- View source filing
- Reporting owner signature
- Jacquie Katzel, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Benjamin Silbermann filed Form 4 for PINTEREST, INC. (PINS) on 06 Aug 2024.
Change
- Previous filing in this sequence was filed on 23 Apr 2024.
- Current net transaction value: +$259,995.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PINS
transaction
Class A Common Stock
Award
- Transaction value
- $259,995
- Shares
- +6,274
- Change %
- Price
- $41.44
- Shares after
- 6,274
- Date
- 24 May 2024
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PINS
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 37,736,888
- Date
- 24 May 2024
- Ownership
- Benjamin and Divya Silbermann Family Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 37,736,888
- Exercise price
- Footnotes
- F2
PINS
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,212,530
- Date
- 24 May 2024
- Ownership
- SFTC, LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,212,530
- Exercise price
- Footnotes
- F2, F3
PINS
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,174,715
- Date
- 24 May 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,174,715
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
These securities consist of 6,274 Restricted Stock Units (RSUs) that were granted on May 24, 2024 pursuant to Pinterest's Non-Employee Director Compensation Policy. 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. The RSUs will vest in full on the earlier of (i) May 24, 2025, or (ii) the date immediately prior to the Company's next regular annual shareholders meeting, in either case, subject to the Reporting Person's continued service as a non-employee director of the Company through such date. This award was inadvertently not reported on May 29, 2024, due to an administrative error.
Footnote F2
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 and in other circumstances as outlined in Issuer's Certificate of Incorporation.
Footnote 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.