Silbermann Benjamin's Form 4 filing
Pinterest, Inc. (PINS) · filed Jul 14, 2021
- Accession no.
- 0001506293-21-000168
- Filed
- Jul 14, 2021
- Trade date
- Jul 12-14, 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 $5.61M. 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 12, 2021 | Class A Common Stock | CConversionAcquired | +27,167 | $0.00 | $0 | 27,167 | Direct | |
| Jul 12, 2021 | Class A Common Stock | SSaleDisposed | −14,996 | $73.47F4 | −$1,101,756.12 | 12,171 | Direct | |
| Jul 12, 2021 | Class A Common Stock | SSaleDisposed | −5,757 | $74.51F5 | −$428,954.07 | 6,414 | Direct | |
| Jul 12, 2021 | Class A Common Stock | SSaleDisposed | −4,116 | $75.45F6 | −$310,552.2 | 2,298 | Direct | |
| Jul 12, 2021 | Class A Common Stock | SSaleDisposed | −1,164 | $76.57F7 | −$89,127.48 | 1,134 | Direct | |
| Jul 12, 2021 | Class A Common Stock | SSaleDisposed | −1,134 | $77.46F8 | −$87,839.64 | 0 | Direct | |
| Jul 13, 2021 | Class A Common Stock | CConversionAcquired | +25,000 | $0.00 | $0 | 25,000 | Direct | |
| Jul 13, 2021 | Class A Common Stock | SSaleDisposed | −11,000 | $72.11F10 | −$793,210 | 14,000 | Direct | |
| Jul 13, 2021 | Class A Common Stock | SSaleDisposed | −14,000 | $72.82F11 | −$1,019,480 | 0 | Direct | |
| Jul 14, 2021 | Class A Common Stock | CConversionAcquired | +25,000 | $0.00 | $0 | 25,000 | Direct | |
| Jul 14, 2021 | Class A Common Stock | SSaleDisposed | −13,990 | $70.17F12 | −$981,678.3 | 11,010 | Direct | |
| Jul 14, 2021 | Class A Common Stock | SSaleDisposed | −3,100 | $71.27F13 | −$220,937 | 7,910 | Direct | |
| Jul 14, 2021 | Class A Common Stock | SSaleDisposed | −6,610 | $72.29F14 | −$477,836.9 | 1,300 | Direct | |
| Jul 14, 2021 | Class A Common Stock | SSaleDisposed | −1,300 | $73.10F15 | −$95,030 | 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 12, 2021 | Class B common stock | MOption exerciseDisposed | −27,167 | $0.00 | $0 | 4,021,112 | Direct | |
| Jul 12, 2021 | Class A Common Stock | MOption exerciseAcquired | +27,167 | $0.00 | $0 | 1,902,567 | Direct | |
| Jul 12, 2021 | Class A Common Stock | CConversionDisposed | −27,167 | $0.00 | $0 | 1,875,400 | Direct | |
| Jul 13, 2021 | Class B common stock | MOption exerciseDisposed | −25,000 | $0.00 | $0 | 3,996,112 | Direct | |
| Jul 13, 2021 | Class A Common Stock | MOption exerciseAcquired | +25,000 | $0.00 | $0 | 1,900,400 | Direct | |
| Jul 13, 2021 | Class A Common Stock | CConversionDisposed | −25,000 | $0.00 | $0 | 1,875,400 | Direct | |
| Jul 14, 2021 | Class B common stock | MOption exerciseDisposed | −25,000 | $0.00 | $0 | 3,971,112 | Direct | |
| Jul 14, 2021 | Class A Common Stock | MOption exerciseAcquired | +25,000 | $0.00 | $0 | 1,900,400 | Direct | |
| Jul 14, 2021 | Class A Common Stock | CConversionDisposed | −25,000 | $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 $73.1400 to $73.9700 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 $74.0400 to $74.9900 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.
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 $75.0600 to $75.8900 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.
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 $76.3000 to $76.9400 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.
- F8
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $77.1400 to $77.7000 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 $71.4200 to $ 72.4200 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 $72.4300 to $73.4000 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.
- F12
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $69.7400 to $70.7400 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 $70.7500 to $71.7500 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 $71.8000 to $72.7900 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.
Referenced by the price of 1 transaction in Table I.
- F15
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.8800 to $73.4000 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.
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.