Pinterest (PINS) CPO Matthew Madrigal Sells 27,343 Shares

What Happened Matthew Madrigal, Pinterest’s Chief Product & Tech Officer, reported a disposal of 27,343 shares of Class A common stock on 2026-08-20. The shares were recorded at $23.23 each for a total value of approximately $635,178. The transaction reflects shares withheld by the company to satisfy income tax withholding in connection with the vesting and net settlement of previously granted RSUs, not an open-market sale.

Key Details

• Transaction date: 2026-08-20; Filing date (Form 4): 2026-08-24
• Shares: 27,343 Class A shares at $23.23 per share; total value ≈ $635,178
• Nature: Shares withheld to satisfy tax withholding in connection with RSU vesting (footnote F1) — a net settlement/cashless-withholding event
• Footnote F2: Some RSUs remain subject to vesting conditions
• Shares owned after transaction: Not specified in the provided excerpt
• Timeliness: Filing lists the report date as 2026-08-24 for an 8/20 transaction; check the full Form 4 for any late-filing indicator

Context This was a routine tax-withholding disposal tied to RSU vesting (company withheld shares to cover taxes). Such withholding transactions are common and generally reflect administrative settlement rather than a deliberate insider sell signal. For investors, purchases by insiders tend to carry more weight as potential bullish signals; withholding of vested shares is typically neutral.