Pinterest (PINS) Chief Legal & Bus Affairs Officer Walcott Withholds 18,835 Shares

What Happened

• Walcott Wanjiku Juanita, Chief Legal & Business Affairs Officer at Pinterest (PINS), had 18,835 shares of Class A common stock withheld by the company on 2026-09-20 to satisfy income tax withholding in connection with the vesting and net settlement of previously reported RSUs. The withholding was at $18.60 per share, representing a value of approximately $350,331.
• This transaction is a tax-withholding/net settlement (code F), not an open-market sale or purchase. Such withholdings are routine administrative actions when RSUs vest.

Key Details

• Transaction date: 2026-09-20; filing date: 2026-09-22 (filed within the typical 2-business-day window).
• Withheld shares: 18,835 at $18.60 per share; total value ≈ $350,331.
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Shares owned after transaction: Not specified in the provided summary (see the full Form 4 for total holdings).
• Footnotes: F1 — shares withheld to satisfy income tax withholding for vested/net-settled RSUs; F2 — indicates remaining RSUs include those still subject to vesting conditions.

Context

• This was a net settlement to cover taxes on vested restricted stock units (RSUs), effectively reducing the number of shares issued to the insider rather than a market sale. Such transactions are common and generally administrative; they do not necessarily signal the insider’s view of the company’s prospects.