Filing Details
- Accession Number:
- 0001506293-21-000220
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2021-10-15 17:19:52
- Reporting Period:
- 2021-09-21
- Accepted Time:
- 2021-10-15 17:19:52
- Original Submission Date:
- 2021-09-23
- 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 |
|---|---|---|---|---|---|---|---|
| 1654271 | Lily Tseli Yang | C/O Pinterest, Inc. 505 Brannan Street San Francisco CA 94107 | Chief Accounting Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2021-09-21 | 3,390 | $0.00 | 62,648 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2021-09-21 | 4,615 | $51.74 | 58,033 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-09-21 | 1,361 | $52.20 | 56,672 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2021-09-21 | 2,962 | $0.00 | 59,634 | No | 4 | C | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | C | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B common stock | Disposition | 2021-09-21 | 3,390 | $0.00 | 3,390 | $0.00 |
| Class A Common Stock | Class B common stock | Disposition | 2021-09-21 | 2,962 | $0.00 | 2,962 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 123,893 | No | 4 | C | Direct | ||
| 120,931 | No | 4 | C | Direct |
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 3,390 shares of Class B Common Stock into 3,390 shares of Class A Common Stock in connection with sales to be effected to satisfy tax withholding and remittance obligations in connection with the vesting and settlement of previously reported Restricted Stock Units (RSUs), as described below.
- These securities consist of 8,235 shares of Class A Common Stock and an additional 54,413 previously reported Class A Restricted Stock Units (Class A RSUs). Each Class A RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.
- Represents the number of shares required to be sold by the Reporting Person to cover tax withholding and remittance obligations in connection with the vesting and settlement of previously reported RSUs. This sale is mandated by the Company's election under its equity incentive plans to require the satisfaction of tax withholding and remittance obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.3900 to $51.9900 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.
- These securities consists of 3,620 shares of Class A Common Stock and an additional 54,413 previously reported Class A RSUs.
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.0100 to $52.5100 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.
- These securities consists of 2,259 shares of Class A Common Stock and an additional 54,413 previously reported Class A RSUs.
- Represents the conversion of 2,962 shares of Class B Common Stock into 2,962 shares of Class A Common Stock, in connection with the Reporting Person's irrevocable election to voluntarily convert all of the Reporting Person's Class B Common Stock into Class A Common Stock.
- This amendment to Form 4 is being filed to reflect the Reporting Person's irrevocable election, made on September 21, 2021, to voluntarily convert all of the Reporting Person's Class B Common Stock into Class A Common Stock, which had not been reflected in the original Form 4 filing due to an administrative error.
- These securities consist of 5,221 shares of Class A Common Stock and an additional 54,413 previously reported Class A RSUs.
- These securities consist of 2,962 shares of Class B Common Stock and an additional 120,931 previously reported Class B Restricted Stock Units (Class B RSUs). Each Class B RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
- These securities consist of 120,931 previously reported Class B RSUs.
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