Evan Sharp - 17 Jun 2022 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Monifa Clayton, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
17 Jun 2022
Net transactions value
-$36,896,343
Form type
4
Filing time
22 Jun 2022, 18:27:20 UTC
Previous filing
28 Apr 2022
Next filing
22 Jul 2022

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 +549,818 $0.000000 549,818 17 Jun 2022 Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2
transaction PINS Class A Common Stock Sale $9,634,626 -549,818 -100% $17.52 0 17 Jun 2022 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F3, F4
transaction PINS Class A Common Stock Conversion of derivative security $0 +279,783 $0.000000 279,783 17 Jun 2022 Sharp Family Investments LLC Fund 2 (200903031-T2) F5, F6
transaction PINS Class A Common Stock Sale $4,900,875 -279,783 -100% $17.52 0 17 Jun 2022 Sharp Family Investments LLC Fund 2 (200903031-T2) F3, F6, F7
transaction PINS Class A Common Stock Conversion of derivative security $0 +78,880 $0.000000 78,880 17 Jun 2022 Sharp Family Investments LLC Fund 3 (200903031-T3) F8, F9
transaction PINS Class A Common Stock Sale $1,381,567 -78,880 -100% $17.51 0 17 Jun 2022 Sharp Family Investments LLC Fund 3 (200903031-T3) F3, F4, F9
transaction PINS Class A Common Stock Conversion of derivative security $0 +416,284 $0.000000 416,284 17 Jun 2022 The Sharp Revocable Trust (200903031-RT) F10, F11
transaction PINS Class A Common Stock Sale $7,293,920 -416,284 -100% $17.52 0 17 Jun 2022 The Sharp Revocable Trust (200903031-RT) F3, F7, F11
transaction PINS Class A Common Stock Conversion of derivative security $0 +358,747 $0.000000 358,747 17 Jun 2022 The Sharp Irrevocable Remainder Trust (200903031-IT) F12, F13
transaction PINS Class A Common Stock Sale $6,284,279 -358,747 -100% $17.52 0 17 Jun 2022 The Sharp Irrevocable Remainder Trust (200903031-IT) F3, F13, F14
transaction PINS Class A Common Stock Conversion of derivative security $0 +422,399 $0.000000 422,399 17 Jun 2022 Direct F15
transaction PINS Class A Common Stock Sale $3,220,729 -186,065 -44% $17.31 236,334 17 Jun 2022 Direct F3, F16
transaction PINS Class A Common Stock Sale $4,180,347 -236,334 -100% $17.69 0 17 Jun 2022 Direct F3, F17

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 -1,002,371 -100% $0.000000* 0 17 Jun 2022 Class B common stock 1,002,371 $0.5736 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F18
transaction PINS Class B common stock Options Exercise $0 +1,002,371 $0.000000 1,002,371 17 Jun 2022 Class A Common Stock 1,002,371 Sharp Family Investments LLC Fund 1 (200903031-T1) F2, F19
transaction PINS Class B common stock Conversion of derivative security $0 -549,818 -55% $0.000000 452,553 17 Jun 2022 Class A Common Stock 549,818 Sharp Family Investments LLC Fund 1 (200903031-T1) F1, F2, F19
transaction PINS Stock Option Options Exercise $0 -509,900 -100% $0.000000* 0 17 Jun 2022 Class B common stock 509,900 $0.5736 Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F18
transaction PINS Class B common stock Options Exercise $0 +509,900 $0.000000 509,900 17 Jun 2022 Class A Common Stock 509,900 Sharp Family Investments LLC Fund 2 (200903031-T2) F6, F19
transaction PINS Class B common stock Conversion of derivative security $0 -279,783 -55% $0.000000 230,117 17 Jun 2022 Class A Common Stock 279,783 Sharp Family Investments LLC Fund 2 (200903031-T2) F5, F6, F19
transaction PINS Stock Option Options Exercise $0 -143,735 -100% $0.000000* 0 17 Jun 2022 Class B common stock 143,735 $0.5736 Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F18
transaction PINS Class B common stock Options Exercise $0 +143,735 $0.000000 143,735 17 Jun 2022 Class A Common Stock 143,735 Sharp Family Investments LLC Fund 3 (200903031-T3) F9, F19
transaction PINS Class B common stock Conversion of derivative security $0 -78,880 -55% $0.000000 64,855 17 Jun 2022 Class A Common Stock 78,880 Sharp Family Investments LLC Fund 3 (200903031-T3) F8, F9, F19
transaction PINS Stock Option Options Exercise $0 -758,803 -100% $0.000000* 0 17 Jun 2022 Class B common stock 758,803 $0.5736 The Sharp Revocable Trust (200903031-RT) F11, F18
transaction PINS Class B common stock Options Exercise $0 +758,803 $0.000000 758,803 17 Jun 2022 Class A Common Stock 758,803 $0.5736 The Sharp Revocable Trust (200903031-RT) F11, F19
transaction PINS Class B common stock Conversion of derivative security $0 -416,284 -55% $0.000000 342,519 17 Jun 2022 Class A Common Stock 416,284 $0.5736 The Sharp Revocable Trust (200903031-RT) F10, F11, F19
transaction PINS Stock Option Options Exercise $0 -653,845 -100% $0.000000* 0 17 Jun 2022 Class B common stock 653,845 $0.5736 The Sharp Irrevocable Remainder Trust (200903031-IT) F13, F18
transaction PINS Class B common stock Options Exercise $0 +653,845 $0.000000 653,845 17 Jun 2022 Class A Common Stock 653,845 $0.5736 The Sharp Irrevocable Remainder Trust (200903031-IT) F13, F19
transaction PINS Class B common stock Conversion of derivative security $0 -358,747 -55% $0.000000 295,098 17 Jun 2022 Class A Common Stock 358,747 $0.5736 The Sharp Irrevocable Remainder Trust (200903031-IT) F12, F13, F19
transaction PINS Stock Option Options Exercise $0 -769,908 -100% $0.000000* 0 17 Jun 2022 Class B common stock 769,908 $0.5736 Direct F18
transaction PINS Class B common stock Options Exercise $0 +769,908 $0.000000 769,908 17 Jun 2022 Class A Common Stock 769,908 Direct F19
transaction PINS Class B common stock Conversion of derivative security $0 -422,399 -55% $0.000000 347,509 17 Jun 2022 Class A Common Stock 422,399 Direct F15, F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of 549,818 shares of Class B Common Stock into 549,818 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 $17.1200 to $18.0600 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 279,783 shares of Class B Common Stock into 279,783 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 $17.1200 to $18.0800 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 78,880 shares of Class B Common Stock into 78,880 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 Represents the conversion of 416,284 shares of Class B Common Stock into 416,284 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.
F11 These securities are held by The Sharp Revocable Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Revocable Trust.
F12 Represents the conversion of 358,747 shares of Class B Common Stock into 358,747 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.
F13 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $18.0500 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.
F15 Represents the conversion of 422,399 shares of Class B Common Stock into 422,399 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.
F16 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.1200 to $17.5500 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.
F17 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $17.5550 to $18.1600 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.
F18 All stock options are fully vested and exercisable.
F19 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.

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.