KILGORE LESLIE J 4
4 · PINTEREST, INC. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Pinterest Director Leslie Kilgore Receives RSU Award Worth $270K
What Happened Leslie J. Kilgore, a director of Pinterest, reported two items: (1) a grant of 13,996 restricted stock units (RSUs) on May 22, 2026 valued at $19.29 each (total value $269,983), and (2) an earlier conversion on June 16, 2022 of 6,838 shares of Class B common stock into 6,838 shares of Class A common stock (reported as a conversion of a derivative security at $0). The RSUs are awards (acquisition code A) subject to vesting; the conversion was a reclassification between share classes, not an open-market sale.
Key Details
- Transaction dates and prices:
- June 16, 2022: voluntary conversion of 6,838 Class B shares to 6,838 Class A shares (conversion reported at $0).
- May 22, 2026: grant of 13,996 RSUs at $19.29 per share (total reported value $269,983).
- Vesting: RSUs vest in full on the earlier of May 22, 2027 or immediately prior to the company’s next regular annual meeting, subject to continued service; immediate vesting upon a change in control (footnote F4/F5).
- Ownership after transaction: Filing notes Kilgore’s beneficial ownership of Class A common stock as of May 21, 2026 (see footnote F3 in the filing for the reported totals). The RSUs are additional units subject to vesting.
- Other notes: The June 16, 2022 conversion was inadvertently not reported at the time; prior Form 4s (filed in 2023–2025) understated Kilgore’s Class A totals by 6,838 shares (footnote F2). Some shares were previously transferred into the JLK Revocable Trust for which Kilgore and her spouse are beneficiaries (footnote F6).
- Filing timeliness: The conversion from 2022 was reported late due to an administrative error; the RSU grant is current.
Context
- Conversion of Class B to Class A is a routine reclassification and does not represent a purchase or sale of economic exposure — it simply changed share class.
- The RSU award is a non-cash compensation grant subject to vesting conditions; such awards are common for directors and do not necessarily signal buying or selling intent.
- No open-market purchases or sales were reported in this filing.
Insider Transaction Report
Form 4
PINTEREST, INC.PINS
KILGORE LESLIE J
Director
Transactions
- Conversion
Class A Common Stock
[F1][F2][F3]2022-06-16+6,838→ 8,414 total - Award
Class A Common Stock
[F4][F5]2026-05-22$19.29/sh+13,996$269,983→ 22,410 total - Conversion
Class B Common Stock
[F1][F2]2022-06-16−6,838→ 0 total→ Class A Common Stock (6,838 underlying)
Holdings
- 36,786(indirect: By Trust)
Class A Common Stock
- 40,536(indirect: By Trust)
Class A Common Stock
[F6]
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]On June 16, 2022, the Reporting Person elected to make a voluntary conversion of 6,838 shares of the Company's Class B Common Stock into 6,838 shares of the Company's Class A Common Stock. The conversion was inadvertently not reported due to an administrative error. As a result, the Class A Common Stock totals on Ms. Kilgore's Form 4s filed on May 31, 2023; May 29, 2024; and May 27, 2025; were each understated by 6,838 shares.
- [F3]Reflects the Reporting Person's beneficial ownership of Class A Common Stock as of May 21, 2026.
- [F4]Restricted Stock Units (RSUs) scheduled to vest in full on the earlier of (i) May 22, 2027 or (ii) the date immediately prior to the Company's next regular annual stockholders meeting (subject to continued service), with immediate vesting in full upon the consummation of a change in control. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, subject to vesting.
- [F5]Includes RSUs subject to vesting conditions.
- [F6]These shares were previously held directly by the Reporting Person and were transferred to the JLK Revocable Trust, for which the Reporting Person and her spouse are the beneficiaries.
Signature
Jacquie Katzel, Attorney-in-Fact|2026-05-27