Silbermann Benjamin's Form 4 filing
Pinterest, Inc. (PINS) · filed Jul 1, 2021
- Accession no.
- 0001506293-21-000161
- Filed
- Jul 1, 2021
- Trade date
- Jun 29-Jul 1, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 9 non-derivative transactions and 9 derivative transactions. Open-market sales total $8.85M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Silbermann BenjaminCIK 0001773914 | Director, Officer (Chairman, President, CEO, Co-F), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 29, 2021 | Class A Common Stock | CConversionAcquired | +37,500 | $0.00 | $0 | 37,500 | Direct | |
| Jun 29, 2021 | Class A Common Stock | SSaleDisposed | −14,067 | $78.15F4 | −$1,099,336.05 | 23,433 | Direct | |
| Jun 29, 2021 | Class A Common Stock | SSaleDisposed | −23,433 | $78.72F5 | −$1,844,645.76 | 0 | Direct | |
| Jun 30, 2021 | Class A Common Stock | CConversionAcquired | +37,500 | $0.00 | $0 | 37,500 | Direct | |
| Jun 30, 2021 | Class A Common Stock | SSaleDisposed | −19,700 | $78.07F6 | −$1,537,979 | 17,800 | Direct | |
| Jun 30, 2021 | Class A Common Stock | SSaleDisposed | −17,800 | $78.73F7 | −$1,401,394 | 0 | Direct | |
| Jul 1, 2021 | Class A Common Stock | CConversionAcquired | +37,500 | $0.00 | $0 | 37,500 | Direct | |
| Jul 1, 2021 | Class A Common Stock | SSaleDisposed | −12,331 | $78.62F8 | −$969,463.22 | 25,169 | Direct | |
| Jul 1, 2021 | Class A Common Stock | SSaleDisposed | −25,169 | $79.49F9 | −$2,000,683.81 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 29, 2021 | Class B common stock | MOption exerciseDisposed | −37,500 | $0.00 | $0 | 4,235,779 | Direct | |
| Jun 29, 2021 | Class A Common Stock | MOption exerciseAcquired | +37,500 | $0.00 | $0 | 1,912,900 | Direct | |
| Jun 29, 2021 | Class A Common Stock | CConversionDisposed | −37,500 | $0.00 | $0 | 1,875,400 | Direct | |
| Jun 30, 2021 | Class B common stock | MOption exerciseDisposed | −37,500 | $0.00 | $0 | 4,198,279 | Direct | |
| Jun 30, 2021 | Class A Common Stock | MOption exerciseAcquired | +37,500 | $0.00 | $0 | 1,912,900 | Direct | |
| Jun 30, 2021 | Class A Common Stock | CConversionDisposed | −37,500 | $0.00 | $0 | 1,875,400 | Direct | |
| Jul 1, 2021 | Class B common stock | MOption exerciseDisposed | −37,500 | $0.00 | $0 | 4,160,779 | Direct | |
| Jul 1, 2021 | Class A Common Stock | MOption exerciseAcquired | +37,500 | $0.00 | $0 | 1,912,900 | Direct | |
| Jul 1, 2021 | Class A Common Stock | CConversionDisposed | −37,500 | $0.00 | $0 | 1,875,400 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F4
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.5700 to $78.5000 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.
Referenced by the price of 1 transaction in Table I.
- F5
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.5200 to $78.9400 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.
Referenced by the price of 1 transaction in Table I.
- F6
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.4400 to $78.4000 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.
Referenced by the price of 1 transaction in Table I.
- F7
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.4100 to $79.2650 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.
Referenced by the price of 1 transaction in Table I.
- F8
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $78.2500 to $79.0000 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.
Referenced by the price of 1 transaction in Table I.
- F9
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $79.0100 to $79.9500 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.
Referenced by the price of 1 transaction in Table I.
Remarks
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.