Form 4 for PINS PINTEREST, INC.
Accepted 2021-10-18 00:00:00 ET · period of report 2021-10-13 · accession 0001506293-21-000222 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-10-18 | 2021-10-13 | PINS | Sharp Evan | Co-Founder, Chief Design, Cr, Dir | S - Sale | $51.79 | -103.5K | 0 | -100% | -$5.36M |
| DMI | 2021-10-18 | 2021-10-13 | PINS | Sharp Evan | Co-Founder, Chief Design, Cr, Dir | C - Cnv Deriv | $0.00 | +103.5K | 62.6K | New | $0 |
| DMI | 2021-10-18 | 2021-10-13 | PINS | Sharp Evan | Co-Founder, Chief Design, Cr, Dir | M - OptEx | $0.00 | 0 | 8,985 | New | $0 |
| DMI | 2021-10-18 | 2021-10-13 | PINS | Sharp Evan | Co-Founder, Chief Design, Cr, Dir | C - Cnv Deriv | $0.00 | -103.5K | 0 | -100% | $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 | 2021-10-13 | S | D | 31,869 | $51.79 | 0 | I Sharp Family Investments LLC Fund 2 (200903031-T2) | — | — | (F7) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.5300 to $52.0600 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. (F6) These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2. |
| 2 | Common | Class A Common Stock | 2021-10-13 | S | D | 8,985 | $51.79 | 0 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | — | — | (F10) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.5300 to $52.0400 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. (F9) These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3. |
| 3 | Common | Class A Common Stock | 2021-10-13 | C | A | 8,985 | $0.00 | 8,985 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | — | — | (F9) These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3. |
| 4 | Common | Class A Common Stock | 2021-10-13 | C | A | 31,869 | $0.00 | 31,869 | I Sharp Family Investments LLC Fund 2 (200903031-T2) | — | — | (F6) These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2. |
| 5 | Common | Class A Common Stock | 2021-10-13 | S | D | 62,649 | $51.79 | 0 | I Sharp Family Investments LLC Fund 1 (200903031-T1) | — | — | (F4) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.5100 to $52.0600 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. (F2) These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1. |
| 6 | Common | Class A Common Stock | 2021-10-13 | C | A | 62,649 | $0.00 | 62,649 | I Sharp Family Investments LLC Fund 1 (200903031-T1) | — | — | (F2) These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1. |
| 7 | Derivative | Stock Option | 2021-10-13 | M | D | 62,649 | $0.00 | 1,065,020 | I Sharp Family Investments LLC Fund 1 (200903031-T1) | $0.57 · — to 2022-06-20 | 62,649 Class B common stock | (F2) These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1. (F11) All stock options are fully vested and exercisable. |
| 8 | Derivative | Class B common stock | 2021-10-13 | M | A | 62,649 | $0.00 | 62,649 | I Sharp Family Investments LLC Fund 1 (200903031-T1) | — · — to — | 62,649 Class A Common Stock | (F2) These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1. (F12) 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. |
| 9 | Derivative | Class B common stock | 2021-10-13 | C | D | 62,649 | $0.00 | 0 | I Sharp Family Investments LLC Fund 1 (200903031-T1) | — · — to — | 62,649 Class A Common Stock | (F2) These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1. (F12) 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. |
| 10 | Derivative | Stock Option | 2021-10-13 | M | D | 31,869 | $0.00 | 541,769 | I Sharp Family Investments LLC Fund 2 (200903031-T2) | $0.57 · — to 2022-06-20 | 31,869 Class B common stock | (F6) These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2. (F11) All stock options are fully vested and exercisable. |
| 11 | Derivative | Class B common stock | 2021-10-13 | M | A | 31,869 | $0.00 | 31,869 | I Sharp Family Investments LLC Fund 2 (200903031-T2) | — · — to — | 31,869 Class A Common Stock | (F6) These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2. (F12) 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 | 2021-10-13 | C | D | 31,869 | $0.00 | 0 | I Sharp Family Investments LLC Fund 2 (200903031-T2) | — · — to — | 31,869 Class A Common Stock | (F6) These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2. (F12) 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 | Stock Option | 2021-10-13 | M | D | 8,985 | $0.00 | 152,720 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | $0.57 · — to 2022-06-20 | 8,985 Class B common stock | (F9) These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3. (F11) All stock options are fully vested and exercisable. |
| 14 | Derivative | Class B common stock | 2021-10-13 | M | A | 8,985 | $0.00 | 8,985 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | — · — to — | 8,985 Class A Common Stock | (F9) These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3. (F12) 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. |
| 15 | Derivative | Class B common stock | 2021-10-13 | C | D | 8,985 | $0.00 | 0 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | — · — to — | 8,985 Class A Common Stock | (F9) These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3. (F12) 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. |