Form 4 for PINS PINTEREST, INC.
Accepted 2021-07-01 00:00:00 ET · period of report 2021-06-29 · accession 0001506293-21-000161 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-07-01 | 2021-06-29+ | PINS | Silbermann Benjamin | COB, Pres, CEO, Co-F, Dir, 10% | C - Cnv Deriv | $0.00 | +112.5K | 37.5K | New | $0 |
| DM | 2021-07-01 | 2021-06-29+ | PINS | Silbermann Benjamin | COB, Pres, CEO, Co-F, Dir, 10% | S - Sale | $78.70 | -112.5K | 0 | -100% | -$8.85M |
| DM | 2021-07-01 | 2021-06-29+ | PINS | Silbermann Benjamin | COB, Pres, CEO, Co-F, Dir, 10% | C - Cnv Deriv | $0.00 | -112.5K | 1.88M | -6% | $0 |
| DM | 2021-07-01 | 2021-06-29+ | PINS | Silbermann Benjamin | COB, Pres, CEO, Co-F, Dir, 10% | M - OptEx | $0.00 | 0 | 4.16M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-07-01 | C | A | 37,500 | $0.00 | 37,500 | D | — | — | |
| 2 | Common | Class A Common Stock | 2021-07-01 | S | D | 12,331 | $78.62 | 25,169 | D | — | — | (F8) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.2500 to $79.0000 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. |
| 3 | Common | Class A Common Stock | 2021-07-01 | S | D | 25,169 | $79.49 | 0 | D | — | — | (F9) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $79.0100 to $79.9500 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. |
| 4 | Common | Class A Common Stock | 2021-06-29 | C | A | 37,500 | $0.00 | 37,500 | D | — | — | (F1) 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. |
| 5 | Common | Class A Common Stock | 2021-06-29 | S | D | 14,067 | $78.15 | 23,433 | D | — | — | (F4) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.5700 to $78.5000 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 | Common | Class A Common Stock | 2021-06-29 | S | D | 23,433 | $78.72 | 0 | D | — | — | (F5) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.5200 to $78.9400 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 | Common | Class A Common Stock | 2021-06-30 | C | A | 37,500 | $0.00 | 37,500 | D | — | — | |
| 8 | Common | Class A Common Stock | 2021-06-30 | S | D | 19,700 | $78.07 | 17,800 | D | — | — | (F6) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.4400 to $78.4000 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. |
| 9 | Common | Class A Common Stock | 2021-06-30 | S | D | 17,800 | $78.73 | 0 | D | — | — | (F7) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.4100 to $79.2650 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. |
| 10 | Derivative | Class B common stock | 2021-07-01 | C | D | 37,500 | $0.00 | 1,875,400 | D | — · — to — | 37,500 Class A Common Stock | (F12) These securities consist of 475,399 shares of Class B Common Stock and 1,400,001 previously reported RSUs. (F1) 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. |
| 11 | Derivative | Class B common stock | 2021-07-01 | M | A | 37,500 | $0.00 | 1,912,900 | D | — · — to — | 37,500 Class A Common Stock | (F13) These securities consist of 512,899 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. (F1) 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. |
| 12 | Derivative | Class B common stock | 2021-06-30 | C | D | 37,500 | $0.00 | 1,875,400 | D | — · — to — | 37,500 Class A Common Stock | (F12) These securities consist of 475,399 shares of Class B Common Stock and 1,400,001 previously reported RSUs. (F1) 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. |
| 13 | Derivative | Class B common stock | 2021-06-30 | M | A | 37,500 | $0.00 | 1,912,900 | D | — · — to — | 37,500 Class A Common Stock | (F13) These securities consist of 512,899 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. (F1) 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. |
| 14 | Derivative | Stock Option | 2021-06-30 | M | D | 37,500 | $0.00 | 4,198,279 | D | $1.88 · — to 2023-04-24 | 37,500 Class B common stock | (F10) All stock options are fully vested and exercisable. |
| 15 | Derivative | Class B common stock | 2021-06-29 | C | D | 37,500 | $0.00 | 1,875,400 | D | — · — to — | 37,500 Class A Common Stock | (F12) These securities consist of 475,399 shares of Class B Common Stock and 1,400,001 previously reported RSUs. (F1) 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. |
| 16 | Derivative | Class B common stock | 2021-06-29 | M | A | 37,500 | $0.00 | 1,912,900 | D | — · — to — | 37,500 Class A Common Stock | (F11) These securities consist of 512,899 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. (F1) 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. |
| 17 | Derivative | Stock Option | 2021-06-29 | M | D | 37,500 | $0.00 | 4,235,779 | D | $1.88 · — to 2023-04-24 | 37,500 Class B common stock | (F10) All stock options are fully vested and exercisable. |
| 18 | Derivative | Stock Option | 2021-07-01 | M | D | 37,500 | $0.00 | 4,160,779 | D | $1.88 · — to 2023-04-24 | 37,500 Class B common stock | (F10) All stock options are fully vested and exercisable. |