KILGORE LESLIE J 4

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.