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PINS Pinterest Inc

34.16
1.52 (4.66%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pinterest Inc NYSE:PINS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.52 4.66% 34.16 34.35 33.47 34.32 12,885,095 00:56:50

Statement of Changes in Beneficial Ownership (4)

29/09/2021 11:06pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Morgenfeld Todd R
2. Issuer Name and Ticker or Trading Symbol

PINTEREST, INC. [ PINS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

C/O PINTEREST, INC., 505 BRANNAN STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

9/27/2021
(Street)

SAN FRANCISCO, CA 94107
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock (1)9/27/2021  C(2)  54450 A$0 707489 (3)D  
Class A Common Stock 9/27/2021  S(4)  27175 D$52.5369 (5)680314 (6)D  
Class A Common Stock 9/27/2021  S(4)  27275 D$53.0135 (7)653039 (8)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B common stock  (1)9/27/2021  C (2)    54450   (1) (1)Class A Common Stock 54450.0 $0 583330 (9)D  

Explanation of Responses:
(1) 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.
(2) Represents the conversion of 54,450 shares of Class B Common Stock into 54,450 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.
(3) The securities consist of 66,464 shares of Class A Common Stock and an additional 641,025 previously reported shares of Restricted Stock Awards (RSAs).
(4) The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
(5) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.3000 to $52.7200 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.
(6) The securities consist of 39,289 shares of Class A Common Stock and an additional 641,025 previously reported shares of RSAs.
(7) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $52.7250 to $53.4800 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.
(8) These securities consist of 12,014 shares of Class A Common Stock and an additional 641,025 previously reported shares of RSAs.
(9) These securities consist of 583,330 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.

Remarks:
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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Morgenfeld Todd R
C/O PINTEREST, INC.
505 BRANNAN STREET
SAN FRANCISCO, CA 94107


Chief Financial Officer

Signatures
Monifa Clayton, Attorney-in-Fact9/29/2021
**Signature of Reporting PersonDate

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