4//SEC Filing
Flores Christine 4
Accession 0001506293-21-000209
CIK 0001506293other
Filed
Sep 22, 8:00 PM ET
Accepted
Sep 23, 8:44 PM ET
Size
13.2 KB
Accession
0001506293-21-000209
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
Flores Christine
General Counsel
Transactions
- Conversion
Class A Common Stock
2021-09-21+31,108→ 325,980 total - Conversion
Class B common stock
2021-09-21−31,108→ 318,890 total→ Class A Common Stock (31,108 underlying) - Sale
Class A Common Stock
2021-09-21$51.74/sh−23,781$1,230,453→ 302,199 total - Sale
Class A Common Stock
2021-09-21$52.19/sh−7,327$382,415→ 294,872 total
Footnotes (9)
- [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 31,108 shares of Class B Common Stock into 31,108 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.
- [F3]These securities consist of 31,108 shares of Class A Common Stock and an additional 294,872 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs).
- [F4]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.
- [F5]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $51.3700 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.
- [F6]These securities consist of 7,327 shares of Class A Common Stock and 294,872 previously reported RSAs.
- [F7]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.0000 to $52.6400 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.
- [F8]These securities consist of 294,872 previously reported RSAs.
- [F9]These securities consists of 27,225 shares of Class B common stock and 291,665 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
Documents
Issuer
PINTEREST, INC.
CIK 0001506293
Entity typeother
Related Parties
1- filerCIK 0001773865
Filing Metadata
- Form type
- 4
- Filed
- Sep 22, 8:00 PM ET
- Accepted
- Sep 23, 8:44 PM ET
- Size
- 13.2 KB