Flores Christine 4
4 · PINTEREST, INC. · Filed Jan 14, 2022
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
Flores Christine
General Counsel
Transactions
- Conversion
Class A Common Stock
2022-01-12+27,225→ 322,097 total - Sale
Class A Common Stock
2022-01-12$35.00/sh−27,225$952,875→ 294,872 total - Conversion
Class B common stock
2022-01-12−27,225→ 262,884 total→ Class A Common Stock (27,225 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 27,225 shares of Class B Common Stock into 27,225 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 27,225 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]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [F5]These securities consist of 294,872 previously reported RSAs.
- [F6]These securities consists of 29,552 shares of Class B common stock and 233,332 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.