Sharp Evan 4
4 · PINTEREST, INC. · Filed Feb 22, 2024
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
Sharp Evan
DirectorCo-Founder & Chief Design & Cr
Transactions
- Conversion
Class A Common Stock
2024-02-20+53,725→ 53,725 total - Sale
Class A Common Stock
2024-02-20$34.76/sh−53,725$1,867,626→ 0 total - Conversion
Class B Common Stock
2024-02-20−53,725→ 448,823 total→ Class A Common Stock (53,725 underlying)
Footnotes (5)
- [F1]Represents the conversion of 53,725 shares of Class B Common Stock into 53,725 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [F3]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.5200 to $35.0700 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.
- [F4]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 and in other circumstances described in the Issuer's Certificate of Incorporation.
- [F5]These securities consists of 332,156 shares of Class B Common Stock and 116,667 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B common stock, subject to vesting.