X0206 3 2019-04-17 0 0001506293 Pinterest, Inc. NYSE:PINS 0001534338 Bessemer Venture Partners VII L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001407577 Bessemer Venture Partners VII Institutional L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001459524 BVP VII SPECIAL OPPORTUNITY FUND LP C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001540731 Deer VII & Co. L.P. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 0001540726 Deer VII & Co. Ltd. C/O BESSEMER VENTURE PARTNERS 1865 PALMER AVENUE, SUITE 104 LARCHMONT NY 10538 0 0 1 0 Series A-2 Preferred Stock Common Stock 52857688 I See footnotes Series B Preferred Stock Common Stock 2728921 I See footnotes Series C Preferred Stock Common Stock 2142639 I See footnotes Series D Preferred Stock Common Stock 1541910 I See footnotes Series E Preferred Stock Common Stock 114695 I See footnotes Series F Preferred Stock Common Stock 49059 I See footnotes Series G Preferred Stock Common Stock 23213 I See footnotes All shares of preferred stock will automatically be converted on a one-for-one basis into shares of common stock of Pinterest, Inc. (the "Company") prior to the closing of the Company's initial public offering (the "IPO"). Immediately thereafter, but still prior to the closing of the Company's IPO, all shares of common stock will be reclassified into shares of Class B Common Stock, par value $0.00001 (the "Class B Common Stock"), of the Company in an exempt transaction pursuant to Rules 16b-6 and 16b-7. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Class A Common Stock, par value $0.00001, of the Company (the "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. As of the date hereof, Bessemer Venture Partners VII Institutional L.P. ("BVP VII Inst") owns 7,400,114 shares, Bessemer Venture Partners VII L.P. ("BVP VII") owns 16,914,503 shares, and BVP VII Special Opportunity Fund L.P. ("BVP VII SOF," together with BVP VII Inst and BVP VII refered to collectively, the "Funds") owns 28,543,071 shares, of Series A-2 Preferred Stock. Deer VII & Co. Ltd. ("Deer Ltd.") is the general partner of Deer VII & Co. L.P. ("Deer L.P."), which is the general partner of the Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Funds. As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 382,050 shares, 873,257 shares and 1,473,614 shares, respectively, of Series B Preferred Stock. As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 299,964 shares, 685,650 shares and 1,157,025 shares, respectively, of Series C Preferred Stock. As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 215,867 shares, 493,411 shares and 832,632 shares, respectively, of Series D Preferred Stock. As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 16,057 shares, 36,702 shares and 61,936 shares, respectively, of Series E Preferred Stock. As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 6,867 shares, 15,700 shares and 26,492 shares, respectively, of Series F Preferred Stock. As of the date hereof, BVP VII Inst, BVP VII, and BVP VII SOF own 3,250 shares, 7,427 shares and 12,536 shares, respectively, of Series G Preferred Stock. /s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P., the General Partner of Bessemer Venture Partners VII L.P. 2019-04-17 /s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P., the General Partner of Bessemer Venture Partners VII Institutional L.P. 2019-04-17 /s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P., the General Partner of Bessemer Venture Partners VII Special Opportunity Fund L.P. 2019-04-17 /s/ Scott Ring, General Counsel, Deer VII & Co. Ltd., the General Partner of Deer VII & Co. L.P. 2019-04-17 /s/ Scott Ring, General Counsel, Deer VII & Co. Ltd. 2019-04-17