Yang Tseli Lily 4
4 · PINTEREST, INC. · Filed Aug 31, 2021
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
Yang Tseli Lily
Chief Accounting Officer
Transactions
- Sale
Class A Common Stock
2021-08-27$57.00/sh−2,594$147,858→ 59,258 total - Conversion
Class A Common Stock
2021-08-27+2,594→ 61,852 total - Conversion
Class B common stock
2021-08-27−2,594→ 127,283 total→ Class A Common Stock (2,594 underlying)
Footnotes (6)
- [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.
- [F2]Represents the conversion of 2,594 shares of Class B Common Stock into 2,594 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with the sales to be effected pursuant to a Rule 10b5-1 trading plan.
- [F3]These securities consist of 2,594 shares of Class A Common Stock and an additional 59,258 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.
- [F4]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [F5]These securities consist of 59,258 previously reported Class A RSUs.
- [F6]These securities consist 127,283 previously report 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.