Form 4 for PINS PINTEREST, INC.
Accepted 2023-12-05 00:00:00 ET · period of report 2023-12-01 · accession 0001506293-23-000244 · 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 | 2023-12-05 | 2023-12-01 | PINS | Sharp Evan | Dir | C - Cnv Deriv | $0.00 | +131.1K | 50.3K | New | $0 |
| DMI | 2023-12-05 | 2023-12-01 | PINS | Sharp Evan | Dir | S - Sale | $35.00 | -131.1K | 0 | -100% | -$4.59M |
| DMI | 2023-12-05 | 2023-12-01 | PINS | Sharp Evan | Dir | C - Cnv Deriv | $0.00 | -131.1K | 267.1K | -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 | 2023-12-01 | C | A | 7,592 | $0.00 | 7,592 | 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. |
| 2 | Common | Class A Common Stock | 2023-12-01 | C | A | 61,231 | $0.00 | 61,231 | 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. |
| 3 | Common | Class A Common Stock | 2023-12-01 | S | D | 61,231 | $35.00 | 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 $35.0000 to $35.0250 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. |
| 4 | Common | Class A Common Stock | 2023-12-01 | S | D | 50,261 | $35.00 | 0 | I The Sharp Revocable Trust (200903031-RT) | — | — | (F4) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.0000 to $35.0250 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. (F13) These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust. |
| 5 | Common | Class A Common Stock | 2023-12-01 | S | D | 7,592 | $35.00 | 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 $35.0000 to $35.0200 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. |
| 6 | Common | Class A Common Stock | 2023-12-01 | C | A | 2,140 | $0.00 | 2,140 | 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. |
| 7 | Common | Class A Common Stock | 2023-12-01 | S | D | 2,140 | $35.00 | 0 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | — | — | (F4) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.0000 to $35.0250 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. |
| 8 | Common | Class A Common Stock | 2023-12-01 | C | A | 9,886 | $0.00 | 9,886 | I The Sharp Irrevocable Remainder Trust (200903031-IT) | — | — | (F11) These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust. |
| 9 | Common | Class A Common Stock | 2023-12-01 | S | D | 9,886 | $35.01 | 0 | I The Sharp Irrevocable Remainder Trust (200903031-IT) | — | — | (F4) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.0000 to $35.0250 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. (F11) These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust. |
| 10 | Common | Class A Common Stock | 2023-12-01 | C | A | 50,261 | $0.00 | 50,261 | I The Sharp Revocable Trust (200903031-RT) | — | — | (F13) These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust. |
| 11 | Derivative | Class B common stock | 2023-12-01 | C | D | 61,231 | $0.00 | 278,184 | I Sharp Family Investments LLC Fund 1 (200903031-T1) | — · — to — | 61,231 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. (F14) 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 | 2023-12-01 | C | D | 9,886 | $0.00 | 199,341 | I The Sharp Irrevocable Remainder Trust (200903031-IT) | — · — to — | 9,886 Class A Common Stock | (F11) These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust. (F14) 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 | 2023-12-01 | C | D | 2,140 | $0.00 | 44,042 | I Sharp Family Investments LLC Fund 3 (200903031-T3) | — · — to — | 2,140 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. (F14) 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 | Class B common stock | 2023-12-01 | C | D | 7,592 | $0.00 | 156,267 | I Sharp Family Investments LLC Fund 2 (200903031-T2) | — · — to — | 7,592 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. (F14) 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 | 2023-12-01 | C | D | 50,261 | $0.00 | 267,127 | I The Sharp Revocable Trust (200903031-RT) | — · — to — | 50,261 Class A Common Stock | (F13) These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust. (F14) 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. |