Benjamin Silbermann - 20 Jul 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role: Executive Chairman, Co-F, Director, 10%+ Owner
Signature: Monifa Clayton, Attorney-in-Fact
Issuer symbol: PINS
Transactions as of: 20 Jul 2023
Net transactions value: -$1,646,553
Form type: 4
Filing time: 24 Jul 2023, 17:05:29 UTC
Previous filing: 23 Jun 2023
Next filing: 24 Oct 2023
SEC: View on sec.gov

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	PINS	Class B common stock	Tax liability	$1,646,553	-57,855	-4.1%	$28.46	1,358,221	20 Jul 2023	Class A Common Stock	57,855	Direct	F1, F2, F3
holding	PINS	Class B common stock						37,736,888	20 Jul 2023	Class A Common Stock	37,736,888	Benjamin and Divya Silbermann Family Trust	F1
holding	PINS	Class B common stock						9,550,030	20 Jul 2023	Class A Common Stock	9,550,030	SFTC, LLC	F1, F4

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

Explanation of Responses:

Id	Content
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, convert automatically into one share of Class A Common Stock upon any transfer.
F2	Represents shares of Class B Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of Restricted Stock Units (RSUs) previously reported.
F3	These securities consist of 1,008,220 shares of common stock and 350,001 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.
F4	Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members interests in The Silbermann 2012 Irrevocable Trust.

Remarks:

The Power of Attorney for Mr. Benjamin Silbermann is filed as an exhibit to the Form 3/A filed by Mr. Silbermann with the Securities and Exchange Commission on April 18, 2019, which is hereby incorporated by reference.