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Filing Details

Accession Number:: 0001628280-19-004771
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-04-25 20:47:54
Reporting Period:: 2019-04-23

Accepted Time:: 2019-04-25 20:47:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1506293	Pinterest Inc.	PINS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1347950	G Fredric Reynolds	C/O Pinterest, Inc. 505 Brannan Street San Francisco CA 94107		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2019-04-23	100,000	$0.00	0	No	4	J	Direct
Class A Common Stock	Acquisiton	2019-04-23	9,671	$0.00	9,671	No	4	A	Direct
Class A Common Stock	Acquisiton	2019-04-23	40,000	$27.04	49,671	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	A	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B common stock	Acquisiton	2019-04-23	100,000	$0.00	100,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
100,000			No	4	J	Direct

Footnotes

On April 23, 2019, Pinterest, Inc. (the "Company") filed an Amended and Restated Certificate of Incorporation (the "Charter") with the Delaware Secretary of State, pursuant to which each share of common stock was automatically reclassified (the "Recapitalization") as a share of the Company's Class B common stock, par value $0.00001 ("Class B Common Stock"). Effective upon the occurrence of the Recapitalization, as previously approved by the Company's board of directors, all shares of common stock underlying equity awards outstanding under the Company's 2009 Stock Plan were converted into shares of Class B Common Stock. As set forth in the Charter, each share of 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"). 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.
These securities consist of 9,671 Restricted Stock Units (RSUs). Each RSU represents the Mr. Reynolds's right to receive one share of Class A Common Stock, subject to vesting. The RSUs will vest in full on the earlier of (i) April 23, 2020, or (ii) the date immediately prior to the Company's next regular annual shareholders meeting, in either case subject to the Mr. Reynolds's continued service as a non-employee director of the Company through such vesting date.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.99 to $27.10. 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 this range.
These securities consist of 25,000 shares of Class B Common Stock and 75,000 previously reported RSUs. Each RSU represents Mr. Reynolds's right to receive one share of Class B Common Stock, subject to vesting.