Naveen Gavini - Jul 12, 2021 Form 4 Insider Report for PINTEREST, INC. (PINS)

Signature
Monifa Clayton, Attorney-in-Fact
Stock symbol
PINS
Transactions as of
Jul 12, 2021
Transactions value $
-$1,245,647
Form type
4
Date filed
7/14/2021, 09:39 PM
Previous filing
Jun 23, 2021
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINS Class A Common Stock Sale -$777K -10.6K -1.68% $73.51 617K Jul 12, 2021 Direct F2, F3, F4
transaction PINS Class A Common Stock Sale -$200K -2.68K -0.43% $74.47 615K Jul 12, 2021 Direct F2, F5, F6
transaction PINS Class A Common Stock Sale -$186K -2.47K -0.4% $75.30 612K Jul 12, 2021 Direct F2, F7, F8
transaction PINS Class A Common Stock Sale -$43.5K -568 -0.09% $76.50 612K Jul 12, 2021 Direct F2, F9, F10
transaction PINS Class A Common Stock Sale -$39.4K -510 -0.08% $77.35 611K Jul 12, 2021 Direct F2, F11, F12
holding PINS Class A Common Stock 628K Jul 12, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PINS Class B common stock 82.6K Jul 12, 2021 Class A Common Stock 82.6K Direct F13, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities consist of 85,501 shares of Class A Common Stock and 542,427 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs).
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $73.1400 to $73.9900 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 These securities consist of 74,928 shares of Class A Common Stock and 542,427 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F5 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $74.0600 to $74.7500 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 These securities consist of 72,244 shares of Class A Common Stock and 542,427 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F7 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $75.0000 to $75.9000 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 These securities consist of 69,778 shares of Class A Common Stock and 542,427 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F9 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $76.4300 to $76.5800 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 These securities consist of 69,210 shares of Class A Common Stock and 542,427 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as RSAs.
F11 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.2200 to $77.4900 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 These securities consist of 68,700 shares of Class A Common Stock and 542,427 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs).
F13 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Company's Class A common stock. Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer.
F14 These securities consists of 82,593 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock.

Remarks:

The Power of Attorney for Mr. Naveen Gavini is filed as an exhibit to the Form 3 filed by Mr. Gavini with the Securities and Exchange Commission on March 8, 2021, which is hereby incorporated by reference.