Form Type: 4

SEC EDGAR Link
Accession Number:0001506293-20-000126
Date:2020-06-22
Issuer: PINTEREST, INC. (PINS)
Original Submission Date:

Reporting Person:

YANG TSELI LILY
C/O PINTEREST, INC.
505 BRANNAN STREET SAN FRANCISCO, CA 94107

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2020-06-22 C 8,596 a $0.00 88,725 direct
CLASS A COMMON STOCK 2020-06-22 S 10,650 d $23.85 78,075 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS B COMMON STOCK 0.0 2020-06-22 deemed execution date C 8,596 (d) class a common stock 8,596 $0.00 258,713 direct
Footnotes
IDfootnote
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 8,596 shares of class b common stock into 8,596 shares of class a common stock in connection with sales to be effected to satisfy tax withholding remittance obligations in connection with vesting and settlement of 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.
f3 these securities consist of 8,596 shares of class a common stock and an additional 80,129 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 represents the total number of shares required to be sold by the reporting person to cover tax withholding and remittance obligations in connection with the vesting and settlement of previously reported class a rsus and class b rsus. this sale is mandated by the company's election under its equity incentive plans to require the satisfaction of tax withholding and remittance obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
f5 the reported price in column 4 is a weighted average sale price. these shares were sold in multiple transactions at prices ranging from $23.7700 to $23.9050 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.
f6 these securities consist of 1,952 shares of class a common stock and 76,123 previously reported class a rsus.
f7 these securities consist of 42,688 shares of class b common stock and 216,025 previously reported class b rsus.
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