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Filing Details

Accession Number:
0001506293-20-000023
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-02-13 19:43:47
Reporting Period:
2020-02-11
Accepted Time:
2020-02-13 19:43:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1506293 Pinterest Inc. PINS Services-Computer Programming, Data Processing, Etc. (7370) 263607129
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1773914 Benjamin Silbermann C/o Pinterest, Inc.
505 Brannan Street
San Francisco CA 94107
Chairman, President, Ceo, Co-F Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-02-11 66,500 $0.00 66,500 No 4 C Direct
Class A Common Stock Disposition 2020-02-11 66,500 $24.43 0 No 4 S Direct
Class A Common Stock Acquisiton 2020-02-12 66,500 $0.00 66,500 No 4 C Direct
Class A Common Stock Disposition 2020-02-12 66,500 $23.95 0 No 4 S Direct
Class A Common Stock Acquisiton 2020-02-13 66,500 $0.00 66,500 No 4 C Direct
Class A Common Stock Disposition 2020-02-13 66,500 $23.83 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Stock Option Disposition 2020-02-11 66,500 $0.00 66,500 $1.88
Class A Common Stock Class B common stock Acquisiton 2020-02-11 66,500 $1.88 66,500 $0.00
Class A Common Stock Class B common stock Disposition 2020-02-11 66,500 $0.00 66,500 $0.00
Class B Common Stock Stock Option Disposition 2020-02-12 66,500 $0.00 66,500 $1.88
Class A Common Stock Class B common stock Acquisiton 2020-02-12 66,500 $1.88 66,500 $0.00
Class A Common Stock Class B common stock Disposition 2020-02-12 66,500 $0.00 66,500 $0.00
Class B Common Stock Stock Option Disposition 2020-02-13 66,500 $0.00 66,500 $1.88
Class A Common Stock Class B common stock Acquisiton 2020-02-13 66,500 $1.88 66,500 $0.00
Class A Common Stock Class B common stock Disposition 2020-02-13 66,500 $0.00 66,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
9,934,335 2023-04-24 No 4 M Direct
2,615,313 No 4 M Direct
2,548,813 No 4 C Direct
9,867,835 2023-04-24 No 4 M Direct
2,615,313 No 4 M Direct
2,548,813 No 4 C Direct
9,801,335 2023-04-24 No 4 M Direct
2,615,313 No 4 M Direct
2,548,813 No 4 C Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B common stock $0.00 40,133,288 40,133,288 Indirect
Class A Common Stock Class B common stock $0.00 9,960,030 9,960,030 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
40,133,288 40,133,288 Indirect
9,960,030 9,960,030 Indirect
Footnotes
  1. 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.
  2. Represents the conversion of 66,500 shares of Class B Common Stock into 66,500 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.
  3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
  4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.9550 to $24.9050 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.
  5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.7450 to $24.3600 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.
  6. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.5450 to $24.1000 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.
  7. All stock options are fully vested and exercisable.
  8. These securities consist of 631,979 shares of Class B Common Stock and 1,983,334 previously reported restricted stock units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
  9. These securities consist of 565,479 shares of Class B Common Stock and 1,983,334 previously reported RSUs.
  10. Mr. Silbermann disclaims beneficial ownership of the shares held by 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.