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