Gavini Naveen 4
4 · PINTEREST, INC. · Filed Dec 22, 2022
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
Gavini Naveen
SVP, Products
Transactions
- Tax Payment
Class A Common Stock
2022-12-20−28,117→ 441,481 total - Conversion
Class A Common Stock
2022-12-20+9,375→ 469,598 total - Conversion
Class B common stock
2022-12-20−9,375→ 3,125 total→ Class A Common Stock (9,375 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, automatically convert into one share of Class A Common Stock upon any transfer.
- [F2]Represents the conversion of 9,375 shares of Class B Common Stock into 9,375 shares of Class A Common Stock in connection with the vesting and settlement of previously reported Restricted Stock Units (RSUs), as described below.
- [F3]These securities consist of 184,589 shares of Class A Common Stock and 285,009 previously reported Restricted Stock Awards (RSAs), subject to certain restrictions.
- [F4]Represents shares of Class A Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of RSUs and RSAs.
- [F5]These securities consist of 156,472 shares of Class A Common Stock and 285,009 previously reported RSAs, subject to certain restrictions.
- [F6]These securities consist of 3,125 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, which will be automatically converted into shares of Class A Common Stock upon vesting, pursuant to an irrevocable consent signed by the Reporting Person on September 29, 2019 to automatically convert all shares of Class B Common Stock into shares of Class A Common Stock.