Yang Tseli Lily's Form 4/A amendment
AmendedPinterest, Inc. (PINS) · filed Jul 2, 2021
- Accession no.
- 0001506293-21-000163
- Filed
- Jul 2, 2021
- Trade date
- Jun 28, 2021
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Jul 1, 2021
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $750.7K. It was filed 4 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 |
|---|---|
| Yang Tseli LilyCIK 0001654271 | Officer (Chief Accounting Officer) |
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 28, 2021 | Class A Common Stock | CConversionAcquired | +7,516 | $0.00 | $0 | 68,945 | Direct | |
| Jun 28, 2021 | Class A Common Stock | SSaleDisposed | −9,687 | $77.50 | −$750,742.5 | 59,258 | 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 28, 2021 | Class A Common Stock | CConversionDisposed | −7,516 | $0.00 | $0 | 132,700 | 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.
- F1
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.
- F2
Represents the conversion of 7,516 shares of Class B Common Stock into 7,516 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with the sales to be effected pursuant to a Rule 10b5-1 trading plan.
- F3
These securities consist of 9,687 shares of Class A Common Stock and an additional 61,429 previously reported Class A Restricted Stock Units (Class A RSUs). Each Class A RSU represents the Reporting Person's right to receive one share of Class A Common Stock, subject to vesting.
- F4
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F5
These securities consists of 59,258 previously reported Class A RSUs.
- F6
These securities consists of 132,700 previously reported Class B Restricted Stock Units (Class B RSUs). Each Class B RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
Remarks
The Power of Attorney for Ms. Lily Yang is filed as an exhibit to the Form 3 filed by Ms. Yang with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.