Acosta Andrea 4
Research Summary
AI-generated summary
Pinterest (PINS) CAO Andrea Acosta Sells 4,159 Shares to Cover Taxes
What Happened
- Andrea Acosta, Chief Accounting Officer of Pinterest, had a total of 4,159 shares of Class A common stock withheld by the company on March 20, 2026 to satisfy tax withholding in connection with vested RSUs. The withholdings occurred in two transactions: 1,729 shares and 2,430 shares, each at $18.68 per share, totaling approximately $77,690 ($32,298 + $45,392). The filing reports these as disposals under transaction code F (tax withholding/net settlement).
Key Details
- Transaction date: 2026-03-20 (filed on Form 4: 2026-03-23).
- Price per share: $18.68.
- Shares withheld/Disposed: 1,729 and 2,430 (total 4,159).
- Total value withheld: ~$77,690.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: F1 — shares withheld to satisfy income tax withholding on net-settled RSUs; F2 — includes RSUs subject to vesting conditions.
- Timeliness: Filed on 2026-03-23 for a 2026-03-20 transaction (filing appears timely, within the Form 4 reporting window).
Context
- This was a routine net settlement/tax-withholding related to previously granted RSUs, not an open-market sale or new purchase. Tax withholding of vested equity is common and typically reflects payroll/tax obligations rather than a discretionary sell decision by the insider.