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Filing Details

Accession Number:: 0001506293-20-000277
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-25 20:26:17
Reporting Period:: 2020-11-23

Accepted Time:: 2020-11-25 20:26:17
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
1654271	Lily Tseli Yang	C/O Pinterest, Inc. 505 Brannan Street San Francisco CA 94107	Chief Accounting Officer	No	Yes	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
Class A Common Stock	Acquisiton	2020-11-23	1,467	$0.00	73,584	No	4	C	Direct
Class A Common Stock	Disposition	2020-11-23	567	$64.32	73,017	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-23	700	$65.27	72,317	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-23	200	$65.98	72,117	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	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	Disposition	2020-11-23	1,467	$0.00	1,467	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
195,080			No	4	C	Direct

Footnotes

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.
Represents the conversion of 1,467 shares of Class B Common Stock into 1,467 shares of Class A Common Stock in connection with the sale of such shares to be effected to satisfy tax withholding and remittance obligations in connection with the vesting and settlement of previously reported Restricted Stock Units (RSUs), as described below.
These securities consist of 1,467 shares of Class A Common Stock and an additional 72,117 previously reported Class A Restricted Stock Units (Class A RSUs). Each Class A RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.
Represents the number of shares required to be sold by the Reporting Person to cover tax withholding and remittance obligations in connection with the vesting and settlement of previously reported Class B RSUs. This sale is mandated by the Company's election under its equity incentive plans to require the satisfaction of tax withholding and remittance obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.7101 to $64.6700 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.
These securities consist of 900 shares of Class A Common Stock and an additional 72,117 previously reported Class A RSUs.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.8500 to $65.6900 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.
These securities consist of 200 shares of Class A Common Stock and an additional 72,117 previously reported Class A RSUs.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.8700 to $66.0900 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.
These securities 72,117 previously reported Class A RSUs.
These securities consist of 1,241 shares of Class B Common Stock and 193,839 previously reported Class B Restricted Stock Units (Class B RSUs). Each Class B RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.