Evan Sharp - 20 Apr 2024 Form 4 Insider Report for PINTEREST, INC. (PINS)

Role
Director
Signature
Jacquie Katzel, Attorney-in-Fact
Issuer symbol
PINS
Transactions as of
20 Apr 2024
Transactions value $
-$2,031,772
Form type
4
Filing time
23 Apr 2024, 16:39:14 UTC
Previous filing
22 Feb 2024
Next filing
17 May 2024
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 Exercise Price Ownership Footnotes
transaction PINS Class B Common Stock Tax liability -$2.03M -62.7K -13.97% $32.40 386K 20 Apr 2024 Class A Common Stock 62.7K Direct F1, F2, F3
* 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 and in other circumstances described in the Issuer's Certificate of Incorporation.
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 consists of 386,114 shares of Class B Common Stock.