| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class A Common Stock | Conversion of derivative security | $0 | +61.1K | +9.35% | $0.00 | 714K | Dec 21, 2021 | Direct | F1, F2, F3 |
| transaction | PINS | Class A Common Stock | Sale | -$1.25M | -34.9K | -4.88% | $35.80 | 679K | Dec 21, 2021 | Direct | F4, F5, F6 |
| transaction | PINS | Class A Common Stock | Sale | -$949K | -26.2K | -3.86% | $36.19 | 653K | Dec 21, 2021 | Direct | F4, F7, F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PINS | Class B common stock | Conversion of derivative security | $0 | -61.1K | -10.47% | $0.00 | 522K | Dec 21, 2021 | Class A Common Stock | 61.1K | Direct | F1, F2, F9 |
| Id | Content |
|---|---|
| F1 | Each share of Class B common stock, par value $0.00001 (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, par value $0.00001 (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. |
| F2 | Represents the conversion of 61,082 shares of Class B Common Stock into 61,082 shares of Class A Common Stock in connection with sales to be effected to satisfy tax withholding and remittance obligations in connection with vesting and net settlement of previously reported Restricted Stock Units (RSUs), as described below. |
| F3 | The securities consist of 73,096 shares of Class A Common Stock and an additional 641,025 previously reported shares of Restricted Stock Awards (RSAs). |
| F4 | Represents the number of shares required to be sold by the Reporting Person to cover tax withholding and remittance obligations in connection with the vesting and settlement of previously reported Restricted Stock Units (RSUs). This sale is mandated by the Company's election under its equity incentive plans to require the satisfaction of tax withholding and remittance obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person. |
| F5 | The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.6200 to $35.9900 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. |
| F6 | The securities consist of 38,231 shares of Class A Common Stock and an additional 641,025 previously reported shares of 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 $36.0000 to $36.7401 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 12,014 shares of Class A Common Stock and an additional 641,025 previously reported shares of RSAs. |
| F9 | These securities consist of 55,584 shares of Class B Common Stock and 466,664 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting. |
The Power of Attorney for Mr. Todd Morgenfeld is filed as an exhibit to the Form 3 filed by Mr. Morgenfeld with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.