0001506293-20-000145.txt : 20200723
0001506293-20-000145.hdr.sgml : 20200723
20200723212621
ACCESSION NUMBER: 0001506293-20-000145
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200721
FILED AS OF DATE: 20200723
DATE AS OF CHANGE: 20200723
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Silbermann Benjamin
CENTRAL INDEX KEY: 0001773914
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38872
FILM NUMBER: 201044899
MAIL ADDRESS:
STREET 1: 505 BRANNAN STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PINTEREST, INC.
CENTRAL INDEX KEY: 0001506293
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 263607129
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 505 BRANNAN STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
BUSINESS PHONE: (415) 617-5585
MAIL ADDRESS:
STREET 1: 505 BRANNAN STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
FORMER COMPANY:
FORMER CONFORMED NAME: Pinterest, Inc.
DATE OF NAME CHANGE: 20120808
FORMER COMPANY:
FORMER CONFORMED NAME: Cold Brew Labs Inc.
DATE OF NAME CHANGE: 20101122
4
1
wf-form4_159555395651769.xml
FORM 4
X0306
4
2020-07-21
0
0001506293
PINTEREST, INC.
PINS
0001773914
Silbermann Benjamin
C/O PINTEREST, INC.
505 BRANNAN STREET
SAN FRANCISCO
CA
94107
1
1
1
0
Chairman, President, CEO, Co-F
Class A Common Stock
2020-07-21
4
C
0
58559
0
A
58559
D
Class A Common Stock
2020-07-21
4
S
0
58559
25.7622
D
0
D
Class B common stock
2020-07-21
4
C
0
58559
0
D
Class A Common Stock
58559.0
2042381
D
Class B common stock
Class A Common Stock
40133288.0
40133288
I
Benjamin and Divya Silbermann Family Trust
Class B common stock
Class A Common Stock
9960030.0
9960030
I
SFTC, LLC
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.
Represents the conversion of 58,559 shares of Class B Common Stock into 58,559 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
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 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.6400 to $25.8300 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.
These securities consist of 292,380 shares of common stock and 1,750,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.
Mr. Silbermann disclaims beneficial ownership of the shares held by SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in The Silbermann 2012 Irrevocable Trust.
The Power of Attorney for Mr. Benjamin Silbermann is filed as an exhibit to the Form 3/A filed by Mr. Silbermann with the Securities and Exchange Commission on April 18, 2019, which is hereby incorporated by reference.
Monifa Clayton, Attorney-in-Fact
2020-07-23