Form 4 for PINS PINTEREST, INC.
Accepted 2021-12-23 00:00:00 ET · period of report 2021-12-21 · accession 0001506293-21-000251 · 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 | 2021-12-23 | 2021-12-21 | PINS | Gavini Naveen | SVP, Products | S - Sale | $35.97 | -27.6K | 546.8K | -5% | -$991.5K |
| D | 2021-12-23 | 2021-12-21 | PINS | Gavini Naveen | SVP, Products | C - Cnv Deriv | $0.00 | +8,223 | 574.4K | +1% | $0 |
| D | 2021-12-23 | 2021-12-21 | PINS | Gavini Naveen | SVP, Products | C - Cnv Deriv | $0.00 | -8,223 | 58.4K | -12% | $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 | 2021-12-21 | S | D | 26,500 | $35.95 | 547,889 | 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 $35.6200 to $35.4700 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 consist of 44,699 shares of Class A Common Stock and 503,190 previously reported Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs). |
| 2 | Common | Class A Common Stock | 2021-12-21 | S | D | 1,065 | $36.50 | 546,824 | 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 $36.4750 to $36.7101 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. (F8) These securities consist of 82,871 shares of Class A Common Stock and 463,953 previously reported Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs). |
| 3 | Common | Class A Common Stock | 2021-12-21 | C | A | 8,223 | $0.00 | 574,389 | 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. (F3) These securities consist of 71,199 shares of Class A Common Stock and 503,190 previously reported Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs). |
| 4 | Derivative | Class B common stock | 2021-12-21 | C | D | 8,223 | $0.00 | 58,441 | D | — · — to — | 8,223 Class A Common Stock | (F9) These securities consist of 8,290 Class B shares and 74,669 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock. (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. |