Evan Sharp - 17 Nov 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: Director
Signature: Monifa Clayton, Attorney-in-Fact
Issuer symbol: PINS
Transactions as of: 17 Nov 2021
Net transactions value: -$5,005,812
Form type: 4
Filing time: 19 Nov 2021, 14:08:15 UTC
Previous filing: 28 Oct 2021
Next filing: 25 Jan 2022
SEC: View on sec.gov

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	+62,649		$0.000000	62,649	17 Nov 2021	Sharp Family Investments LLC Fund 1 (200903031-T1)	F1, F2
transaction	PINS	Class A Common Stock	Sale	$3,029,950	-62,649	-100%	$48.36	0	17 Nov 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	17 Nov 2021	Sharp Family Investments LLC Fund 2 (200903031-T2)	F5, F6
transaction	PINS	Class A Common Stock	Sale	$1,541,316	-31,869	-100%	$48.36	0	17 Nov 2021	Sharp Family Investments LLC Fund 2 (200903031-T2)	F3, F4, F6
transaction	PINS	Class A Common Stock	Conversion of derivative security	$0	+8,985		$0.000000	8,985	17 Nov 2021	Sharp Family Investments LLC Fund 3 (200903031-T3)	F7, F8
transaction	PINS	Class A Common Stock	Sale	$434,547	-8,985	-100%	$48.36	0	17 Nov 2021	Sharp Family Investments LLC Fund 3 (200903031-T3)	F3, F4, F8

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	-62,649	-5.9%	$0.000000	1,002,371	17 Nov 2021	Class B common stock	62,649	$0.5736	Sharp Family Investments LLC Fund 1 (200903031-T1)	F2, F9
transaction	PINS	Class B common stock	Options Exercise	$0	+62,649		$0.000000	62,649	17 Nov 2021	Class A Common Stock	62,649		Sharp Family Investments LLC Fund 1 (200903031-T1)	F2, F10
transaction	PINS	Class B common stock	Conversion of derivative security	$0	-62,649	-100%	$0.000000^*	0	17 Nov 2021	Class A Common Stock	62,649		Sharp Family Investments LLC Fund 1 (200903031-T1)	F1, F2, F10
transaction	PINS	Stock Option	Options Exercise	$0	-31,869	-5.9%	$0.000000	509,900	17 Nov 2021	Class B common stock	31,869	$0.5736	Sharp Family Investments LLC Fund 2 (200903031-T2)	F6, F9
transaction	PINS	Class B common stock	Options Exercise	$0	+31,869		$0.000000	31,869	17 Nov 2021	Class A Common Stock	31,869		Sharp Family Investments LLC Fund 2 (200903031-T2)	F6, F10
transaction	PINS	Class B common stock	Conversion of derivative security	$0	-31,869	-100%	$0.000000^*	0	17 Nov 2021	Class A Common Stock	31,869		Sharp Family Investments LLC Fund 2 (200903031-T2)	F5, F6, F10
transaction	PINS	Stock Option	Options Exercise	$0	-8,985	-5.9%	$0.000000	143,735	17 Nov 2021	Class B common stock	8,985	$0.5736	Sharp Family Investments LLC Fund 3 (200903031-T3)	F8, F9
transaction	PINS	Class B common stock	Options Exercise	$0	+8,985		$0.000000	8,985	17 Nov 2021	Class A Common Stock	8,985		Sharp Family Investments LLC Fund 3 (200903031-T3)	F8, F10
transaction	PINS	Class B common stock	Conversion of derivative security	$0	-8,985	-100%	$0.000000^*	0	17 Nov 2021	Class A Common Stock	8,985		Sharp Family Investments LLC Fund 3 (200903031-T3)	F7, F8, F10
holding	PINS	Class B common stock						1,498,823	17 Nov 2021	Class A Common Stock	1,498,823		Direct	F10, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion of 62,649 shares of Class B Common Stock into 62,649 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 $47.8900 to $48.6000 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	Represents the conversion of 8,985 shares of Class B Common Stock into 8,985 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.
F8	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.
F9	All stock options are fully vested and exercisable.
F10	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.
F11	These securities consists 332,156 shares of Class B Common Stock and 1,166,667 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.