Levine Jeremy S. 4/A
4/A · PINTEREST, INC. · Filed Feb 19, 2021
Insider Transaction Report
Form 4/AAmended
PINTEREST, INC.PINS
Levine Jeremy S.
Director
Transactions
- Gift
Class A Common Stock
2020-10-30−250,000→ 2,096,148 total - Gift
Class A Common Stock
2020-10-30−746,000→ 1,350,148 total - Gift
Class A Common Stock
2020-10-30−3,364→ 1,346,784 total
Footnotes (8)
- [F1]Represents a charitable donation by the Reporting Person of shares of Class A common stock, par value $0.00001 (Class A Common Stock).
- [F2]These securities consist of 2,082,708 shares of Class A Common Stock and 13,440 Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.
- [F3]Due to an administrative error, the Form 4 filed for Mr. Levine on 11/3/2020 did not include 325,653 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Venture Partners VII L.P. ("BVP VII"), Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst") BVP Special Opportunity Fund VII L.P. ("BVP VII SOF"), Deer VII & Co. Ltd. ("Deer VII Ltd."), and Deer VII L.P. ("Deer VII LP" and together with BVP VII, BVP VII Inst, BVP VII SOF, and Deer VII Ltd.", the "BVP VII Funds"), on September 11, 2020, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended. This amended Form 4 corrects the error.
- [F4]The Reporting Person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to the RSUs or any proceeds from the sale thereof.
- [F5]Represents a bona fide gift by the Reporting Person to his spouse of shares of Class A Common Stock.
- [F6]These securities consist of 1,336,708 shares of Class A Common Stock and 13,440 RSUs.
- [F7]Represents a bona fide gift by the Reporting Person to the Levtaq 2020 Trust (Trust) of shares of Class A Common Stock.
- [F8]These securities consist of 1,333,344 shares of Class A Common Stock and 13,440 RSUs.