Gavini Naveen 4
4 · PINTEREST, INC. · Filed Mar 22, 2023
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
Gavini Naveen
SVP, Products
Transactions
- Conversion
Class A Common Stock
2023-03-20+3,125→ 378,121 total - Tax Payment
Class A Common Stock
2023-03-20$26.75/sh−23,473$627,903→ 354,648 total - Conversion
Class B common stock
2023-03-20−3,125→ 0 total→ Class A Common Stock (3,125 underlying)
Footnotes (5)
- [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 3,125 shares of Class B Common Stock into 3,125 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 93,112 shares of Class A Common Stock and 285,009 previously reported 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 123,880 shares of Class A Common Stock and 230,768 previously reported RSAs, subject to certain restrictions.