Evan Sharp - 11 Aug 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Monifa Clayton, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
11 Aug 2021
Net transactions value
-$5,888,281
Form type
4
Filing time
13 Aug 2021, 21:57:39 UTC
Previous filing
28 Jul 2021
Next filing
17 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Conversion of derivative security $0 +62,648 $0.000000 62,648 11 Aug 2021 Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2
transaction PINS Class A Common Stock Sale $3,561,439 -62,648 -100% $56.85 0 11 Aug 2021 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F3, F4
transaction PINS Class A Common Stock Conversion of derivative security $0 +31,869 $0.000000 31,869 11 Aug 2021 Sharp Family Investments LLC Fund 2 (200903031-T2) F5, F6
transaction PINS Class A Common Stock Sale $1,813,856 -31,869 -100% $56.92 0 11 Aug 2021 Sharp Family Investments LLC Fund 2 (200903031-T2) F3, F6, F7
transaction PINS Class A Common Stock Conversion of derivative security $0 +8,984 $0.000000 8,984 11 Aug 2021 Sharp Family Investments LLC Fund 3 (200903031-T3) F8, F9
transaction PINS Class A Common Stock Sale $512,986 -8,984 -100% $57.10 0 11 Aug 2021 Sharp Family Investments LLC Fund 3 (200903031-T3) F3, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PINS Stock Option Options Exercise $0 -62,648 -5% $0.000000 1,190,318 11 Aug 2021 Class B common stock 62,648 $0.5736 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F10
transaction PINS Class B common stock Options Exercise $0 +62,648 $0.000000 62,648 11 Aug 2021 - 62,648 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F11
transaction PINS Class B common stock Conversion of derivative security $0 -62,648 -100% $0.000000* 0 11 Aug 2021 Class A Common Stock 62,648 Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2, F11
transaction PINS Stock Option Options Exercise $0 -31,869 -5% $0.000000 605,507 11 Aug 2021 Class B common stock 31,869 $0.5736 Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F10
transaction PINS Class B common stock Options Exercise $0 +31,869 $0.000000 31,869 11 Aug 2021 Class A Common Stock 31,869 Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F11
transaction PINS Class B common stock Conversion of derivative security $0 -31,869 -100% $0.000000* 0 11 Aug 2021 Class A Common Stock 31,869 Sharp Family Investments LLC Fund 2 (200903031-T2) F5, F6, F11
transaction PINS Stock Option Options Exercise $0 -8,984 -5% $0.000000 170,690 11 Aug 2021 Class B common stock 8,984 $0.5736 Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F10
transaction PINS Class B common stock Options Exercise $0 +8,984 $0.000000 8,984 11 Aug 2021 Class A Common Stock 8,984 Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F11
transaction PINS Class B common stock Conversion of derivative security $0 -8,984 -100% $0.000000* 0 11 Aug 2021 Class A Common Stock 8,984 Sharp Family Investments LLC Fund 3 (200903031-T3) F8, F9, F11
holding PINS Class B common stock 1,615,490 11 Aug 2021 Class A Common Stock 1,615,490 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of 62,648 shares of Class B Common Stock into 62,648 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
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.
F3 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F4 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.7000 to $57.3000 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.
F5 Represents the conversion of 31,869 shares of Class B Common Stock into 31,869 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
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.
F7 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $56.7000 to $57.2600 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 Represents the conversion of 8,984 shares of Class B Common Stock into 8,984 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
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.
F10 All stock options are fully vested and exercisable.
F11 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.
F12 These securities consists 331,156 shares of Class B Common Stock and 1,283,334 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.

Remarks:

The Power of Attorney for Mr. Evan Sharp is filed as an exhibit to the Form 3 filed by Mr. Sharp with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.