Form 4 for PINS PINTEREST, INC.
Accepted 2022-03-23 00:00:00 ET · period of report 2022-03-21 · accession 0001506293-22-000029 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-23 | 2022-03-21 | PINS | Gavini Naveen | SVP, Products | C - Cnv Deriv | $0.00 | +16.7K | 563.5K | +3% | $0 |
| D | 2022-03-23 | 2022-03-21 | PINS | Gavini Naveen | SVP, Products | S - Sale | $25.47 | -23.0K | 540.5K | -4% | -$584.7K |
| D | 2022-03-23 | 2022-03-21 | PINS | Gavini Naveen | SVP, Products | C - Cnv Deriv | $0.00 | -16.7K | 33.3K | -33% | $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 | 2022-03-21 | C | A | 16,666 | $0.00 | 563,490 | 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, automatically convert into one share of Class A Common Stock upon any transfer. (F3) These securities consist of 138,774 shares of Class A Common Stock and 424,716 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs. |
| 2 | Common | Class A Common Stock | 2022-03-21 | S | D | 22,957 | $25.47 | 540,533 | 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 $24.9950 to $25.9900 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 115,817 shares of Class A Common Stock and 424,716 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs. |
| 3 | Derivative | Class B common stock | 2022-03-21 | C | D | 16,666 | $0.00 | 33,332 | D | — · — to — | 16,666 Class A Common Stock | (F7) These securities consist of 33,332 unvested Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting. This number includes an adjustment for the conversion of 8,443 RSUs that were incorrectly reported due to an administrative error. (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, automatically convert into one share of Class A Common Stock upon any transfer. |