Pinterest CTO Matthew Madrigal Sells 19,958 Shares

What Happened
Matthew Madrigal, Pinterest’s Chief Product & Technology Officer, had 19,958 shares of Class A common stock withheld by the company on 2026-09-20 to satisfy income tax withholding and remittance related to the vesting and net settlement of previously reported restricted stock units (RSUs). The withholding price was $18.60 per share, resulting in a disposition value of approximately $371,219. This was a tax-withholding/net-settlement event (routine), not an open-market sale.

Key Details

• Transaction date and price: 2026-09-20 at $18.60 per share.
• Shares withheld/disposed: 19,958 shares; total value ~$371,219.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: F — company withheld shares to satisfy tax obligations.
• Footnotes: F1 confirms shares were withheld to meet tax withholding/remittance on vested RSUs; F2 notes these involve RSUs subject to vesting conditions.
• Filing timeliness: Report filed 2026-09-22 (timely; within required reporting window).

Context
This was a cashless/net settlement related to RSU vesting (company withheld shares for taxes), which is a common administrative transaction and does not necessarily indicate a change in insider sentiment. For retail investors, outright purchases are typically more informative about insider conviction than routine withholdings for taxes.