Pinterest CTO Matthew Madrigal Sells 19,958 Shares (Tax Withholding)

What Happened

• Matthew Madrigal, Chief Technology Officer at Pinterest (PINS), had 19,958 shares of Class A common stock withheld and disposed to satisfy income tax withholding in connection with the vesting and net settlement of previously granted RSUs. The withholding was reported at $18.68 per share, for a total value of about $372,815. This was a tax-withholding disposition (routine), not an open-market sale indicating a directional bet.

Key Details

• Transaction date: 2026-03-20; Filing date: 2026-03-23 (timely).
• Price reported: $18.68 per share; Total value reported: $372,815 (rounded).
• Transaction code: F (shares withheld to satisfy tax withholding/remittance obligations).
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 confirms shares were withheld to satisfy income tax withholding on net-settled RSUs; F2 notes the filing includes RSUs that remain subject to vesting conditions.

Context

• This was a cashless/net-settlement tax withholding related to RSU vesting—common practice that reduces outstanding shares delivered to the insider. Such withholdings are routine and do not necessarily signal the insider's market view.