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Filing Details

Accession Number:: 0001506293-21-000101
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-05-13 20:07:46
Reporting Period:: 2021-05-11

Accepted Time:: 2021-05-13 20:07:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1506293	Pinterest Inc.	PINS	Services-Computer Programming, Data Processing, Etc. (7370)	263607129

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1773914	Benjamin Silbermann	C/O Pinterest, Inc. 505 Brannan Street San Francisco CA 94107	Chairman, President, Ceo, Co-F	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-05-11	25,000	$0.00	25,000	No	4	C	Direct
Class A Common Stock	Disposition	2021-05-11	25,000	$60.00	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option	Disposition	2021-05-11	25,000	$0.00	25,000	$1.88
Class A Common Stock	Class B common stock	Acquisiton	2021-05-11	25,000	$0.00	25,000	$0.00
Class A Common Stock	Class B common stock	Disposition	2021-05-11	25,000	$0.00	25,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,573,279	2023-04-24	No	4	M	Direct
1,900,400		No	4	M	Direct
1,875,400		No	4	C	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B common stock	$0.00			39,700,888	39,700,888	Indirect
Class A Common Stock	Class B common stock	$0.00			9,960,030	9,960,030	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	39,700,888	39,700,888	Indirect
	9,960,030	9,960,030	Indirect

Footnotes

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.
Represents the conversion of 25,000 shares of Class B Common Stock into 25,000 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.
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
All stock options are fully vested and exercisable.
These securities consist of 500,399 shares of common stock and 1,400,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.
These securities consist of 475,399 shares of Class B Common Stock and 1,400,001 previously reported RSUs.
Mr. Silbermann disclaims beneficial ownership of the shares held by 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.