Todd Morgenfeld - Jul 13, 2023 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Former Chief Financial Officer
Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jul 13, 2023
Transactions value $
-$5,011,386
Form type
4
Date filed
8/7/2023, 04:49 PM
Previous filing
Jun 29, 2023
Next filing
Sep 7, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Common Stock Tax liability $0 -203K -52.65% $0.00 182K Jul 13, 2023 Direct F1, F2
transaction PINS Class A Common Stock Sale -$5.01M -182K -100% $27.52 0 Aug 3, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A 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 previously reported RSAs.
F2 The reporting person's previously held 384,615 RSAs vested and converted into 384,615 shares of Class A common stock on 7/13/23, of which 202,500 shares were withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported RSAs. The withholding of said 202,500 shares was not reported due to an administrative error.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $27.3700 to $27.6950 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.

Remarks:

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