0001506293-20-000279.txt : 20201125
0001506293-20-000279.hdr.sgml : 20201125
20201125203449
ACCESSION NUMBER: 0001506293-20-000279
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201123
FILED AS OF DATE: 20201125
DATE AS OF CHANGE: 20201125
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: 201352556
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_160635447306959.xml
FORM 4
X0306
4
2020-11-23
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
2020-11-23
4
C
0
105000
0
A
105000
D
Class A Common Stock
2020-11-23
4
S
0
13101
64.3558
D
91899
D
Class A Common Stock
2020-11-23
4
S
0
44699
64.8618
D
47200
D
Class A Common Stock
2020-11-23
4
S
0
32925
65.7601
D
14275
D
Class A Common Stock
2020-11-23
4
S
0
10590
66.6266
D
3685
D
Class A Common Stock
2020-11-23
4
S
0
3685
67.6753
D
0
D
Class A Common Stock
2020-11-24
4
C
0
105000
0
A
105000
D
Class A Common Stock
2020-11-24
4
S
0
28800
62.7579
D
76200
D
Class A Common Stock
2020-11-24
4
S
0
34336
63.5381
D
41864
D
Class A Common Stock
2020-11-24
4
S
0
38064
64.0784
D
3800
D
Class A Common Stock
2020-11-24
4
S
0
3800
65.1268
D
0
D
Class A Common Stock
2020-11-25
4
C
0
105000
0
A
105000
D
Class A Common Stock
2020-11-25
4
S
0
22000
64.6765
D
83000
D
Class A Common Stock
2020-11-25
4
S
0
19300
66.0572
D
63700
D
Class A Common Stock
2020-11-25
4
S
0
31910
66.5409
D
31790
D
Class A Common Stock
2020-11-25
4
S
0
31790
67.3791
D
0
D
Stock Option
1.878
2020-11-23
4
M
0
105000
0
D
2023-04-24
Class B common stock
105000.0
6348279
D
Class B common stock
2020-11-23
4
M
0
105000
0
A
Class A Common Stock
105000.0
2094781
D
Class B common stock
2020-11-23
4
C
0
105000
0
D
Class A Common Stock
105000.0
1989781
D
Stock Option
1.878
2020-11-24
4
M
0
105000
0
D
2023-04-24
Class B common stock
105000.0
6243279
D
Class B common stock
2020-11-24
4
M
0
105000
0
A
Class A Common Stock
105000.0
2094781
D
Class B common stock
2020-11-24
4
C
0
105000
0
D
Class A Common Stock
105000.0
1989781
D
Stock Option
1.878
2020-11-25
4
M
0
105000
0
D
2023-04-24
Class B common stock
105000.0
6138279
D
Class B common stock
2020-11-25
4
M
0
105000
0
A
Class A Common Stock
105000.0
2094781
D
Class B common stock
2020-11-25
4
C
0
105000
0
D
Class A Common Stock
105000.0
1989781
D
Class B common stock
Class A Common Stock
39700888.0
39700888
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 105,000 shares of Class B Common Stock into 105,000 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.
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.7600 to $64.5800 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.6000 to $65.3900 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.4250 to $66.1200 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $66.1700 to $67.0400 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.0500 to $67.9900 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $62.4800 to $63.0900 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.1100 to $63.7900 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $63.8000 to $64.6600 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.7450 to $65.5500 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $64.2500 to $65.1000 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.3050 to $66.2650 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $66.2700 to $66.8900 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.
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $66.9000 to $67.7300 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.
All stock options are fully vested and exercisable.
These securities consist of 461,447 shares of common stock and 1,633,334 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting.
These securities consist of 356,447 shares of common stock and 1,633,334 previously reported RSUs.
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
2020-11-25