Pinterest CEO Bill Ready Withholds 51,872 Shares for Taxes

What Happened

• Bill Ready, CEO of Pinterest, had 51,872 shares of Class A common stock withheld by the company to satisfy income tax withholding related to the vesting and net settlement of previously reported restricted stock units (RSUs). The withholding was reported as a disposition at $18.60 per share, totaling $964,819. This was a tax-withholding/net settlement of RSUs (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-20; Form 4 filed: 2026-09-22 (generally within the two-business-day filing window).
• Price and value: 51,872 shares at $18.60/share = $964,819.
• Transaction code: F (payment of exercise price or tax liability — here used for tax withholding on RSU vesting).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: F1 notes the company withheld these Class A shares to satisfy income tax remittance obligations tied to RSU vesting; F2 indicates the reporting includes RSUs subject to vesting conditions.

Context

• This was a routine net settlement/tax-withholding related to RSU vesting, not an insider selling shares on the open market. Such withholdings are common and reflect tax obligations rather than a directional vote of confidence or concern by the insider.