Silbermann Benjamin's Form 4 filing
Pinterest, Inc. (PINS) · filed Jul 8, 2021
- Accession no.
- 0001506293-21-000164
- Filed
- Jul 8, 2021
- Trade date
- Jul 6-8, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 14 non-derivative transactions and 9 derivative transactions. Open-market sales total $8.82M. 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 |
|---|---|---|---|---|---|---|---|---|
| Jul 6, 2021 | Class A Common Stock | CConversionAcquired | +37,500 | $0.00 | $0 | 37,500 | Direct | |
| Jul 6, 2021 | Class A Common Stock | SSaleDisposed | −14,600 | $79.93F4 | −$1,166,978 | 22,900 | Direct | |
| Jul 6, 2021 | Class A Common Stock | SSaleDisposed | −15,071 | $80.44F5 | −$1,212,311.24 | 7,829 | Direct | |
| Jul 6, 2021 | Class A Common Stock | SSaleDisposed | −7,829 | $81.32F6 | −$636,654.28 | 0 | Direct | |
| Jul 7, 2021 | Class A Common Stock | CConversionAcquired | +37,500 | $0.00 | $0 | 37,500 | Direct | |
| Jul 7, 2021 | Class A Common Stock | SSaleDisposed | −12,058 | $78.09F7 | −$941,609.22 | 25,442 | Direct | |
| Jul 7, 2021 | Class A Common Stock | SSaleDisposed | −9,832 | $78.62F8 | −$772,991.84 | 15,610 | Direct | |
| Jul 7, 2021 | Class A Common Stock | SSaleDisposed | −5,100 | $79.53F9 | −$405,603 | 10,510 | Direct | |
| Jul 7, 2021 | Class A Common Stock | SSaleDisposed | −6,110 | $80.50F10 | −$491,855 | 4,400 | Direct | |
| Jul 7, 2021 | Class A Common Stock | SSaleDisposed | −4,400 | $81.24F11 | −$357,456 | 0 | Direct | |
| Jul 8, 2021 | Class A Common Stock | CConversionAcquired | +37,500 | $0.00 | $0 | 37,500 | Direct | |
| Jul 8, 2021 | Class A Common Stock | SSaleDisposed | −9,400 | $74.77F12 | −$702,838 | 28,100 | Direct | |
| Jul 8, 2021 | Class A Common Stock | SSaleDisposed | −11,833 | $75.37F13 | −$891,853.21 | 16,267 | Direct | |
| Jul 8, 2021 | Class A Common Stock | SSaleDisposed | −16,267 | $76.00F14 | −$1,236,292 | 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 |
|---|---|---|---|---|---|---|---|---|
| Jul 6, 2021 | Class B common stock | MOption exerciseDisposed | −37,500 | $0.00 | $0 | 4,123,279 | Direct | |
| Jul 6, 2021 | Class A Common Stock | MOption exerciseAcquired | +37,500 | $0.00 | $0 | 1,912,900 | Direct | |
| Jul 6, 2021 | Class A Common Stock | CConversionDisposed | −37,500 | $0.00 | $0 | 1,875,400 | Direct | |
| Jul 7, 2021 | Class B common stock | MOption exerciseDisposed | −37,500 | $0.00 | $0 | 4,085,779 | Direct | |
| Jul 7, 2021 | Class A Common Stock | MOption exerciseAcquired | +37,500 | $0.00 | $0 | 1,912,900 | Direct | |
| Jul 7, 2021 | Class A Common Stock | CConversionDisposed | −37,500 | $0.00 | $0 | 1,875,400 | Direct | |
| Jul 8, 2021 | Class B common stock | MOption exerciseDisposed | −37,500 | $0.00 | $0 | 4,048,279 | Direct | |
| Jul 8, 2021 | Class A Common Stock | MOption exerciseAcquired | +37,500 | $0.00 | $0 | 1,912,900 | Direct | |
| Jul 8, 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 $79.4500 to $80.2000 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 $80.2100 to $81.0000 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.
- F6
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.0300 to $81.6650 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 $77.7000 to $78.3000 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 $78.3100 to $79.1100 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 $79.1200 to $80.0000 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.
- F10
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.0200 to $81.0000 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.
- F11
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.0300 to $81.7100 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.
- F12
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $74.1500 to $75.0000 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.
- F13
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $75.0100 to $75.8000 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.
- F14
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $75.8100 to $76.3500 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.