Silbermann Benjamin's Form 4 filing
Pinterest, Inc. (PINS) · filed Nov 23, 2022
- Accession no.
- 0001506293-22-000145
- Filed
- Nov 23, 2022
- Trade date
- Nov 21-23, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 7 non-derivative transactions and 9 derivative transactions. Open-market sales total $10.9M. 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 (Executive Chairman, 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 21, 2022 | Class A Common Stock | CConversionAcquired | +150,000 | $0.00 | $0 | 150,000 | Direct | |
| Nov 21, 2022 | Class A Common Stock | SSaleDisposed | −150,000 | $23.81F4 | −$3,571,500 | 0 | Direct | |
| Nov 22, 2022 | Class A Common Stock | CConversionAcquired | +150,000 | $0.00 | $0 | 150,000 | Direct | |
| Nov 22, 2022 | Class A Common Stock | SSaleDisposed | −122,980 | $24.03F5 | −$2,955,209.4 | 27,020 | Direct | |
| Nov 22, 2022 | Class A Common Stock | SSaleDisposed | −27,020 | $24.45F6 | −$660,639 | 0 | Direct | |
| Nov 23, 2022 | Class A Common Stock | CConversionAcquired | +150,000 | $0.00 | $0 | 150,000 | Direct | |
| Nov 23, 2022 | Class A Common Stock | SSaleDisposed | −150,000 | $24.95F5 | −$3,742,500 | 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 21, 2022 | Class B common stock | MOption exerciseDisposed | −150,000 | $0.00 | $0 | 3,071,112 | Direct | |
| Nov 21, 2022 | Class A Common Stock | MOption exerciseAcquired | +150,000 | $0.00 | $0 | 1,676,534 | Direct | |
| Nov 21, 2022 | Class A Common Stock | CConversionDisposed | −150,000 | $0.00 | $0 | 1,526,534 | Direct | |
| Nov 22, 2022 | Class B common stock | MOption exerciseDisposed | −150,000 | $0.00 | $0 | 2,921,112 | Direct | |
| Nov 22, 2022 | Class A Common Stock | MOption exerciseAcquired | +150,000 | $0.00 | $0 | 1,676,534 | Direct | |
| Nov 22, 2022 | Class A Common Stock | CConversionDisposed | −150,000 | $0.00 | $0 | 1,526,534 | Direct | |
| Nov 23, 2022 | Class B common stock | MOption exerciseDisposed | −150,000 | $0.00 | $0 | 2,771,112 | Direct | |
| Nov 23, 2022 | Class A Common Stock | MOption exerciseAcquired | +150,000 | $0.00 | $0 | 1,676,534 | Direct | |
| Nov 23, 2022 | Class A Common Stock | CConversionDisposed | −150,000 | $0.00 | $0 | 1,526,534 | 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 $23.4800 to $24.3300 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 $23.3900 to $24.3650 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 2 transactions 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 $24.4700 to $25.2300 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.