SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sharp Evan

(Last) (First) (Middle)
C/O PINTEREST, INC.
651 BRANNAN STREET

(Street)
SAN FRANCISCO CA 94107

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PINTEREST, INC. [ PINS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/18/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/18/2023 C(1) 113,138 A $0 113,138 I Sharp Family Investments LLC Fund 1 (200903031-T1)(2)
Class A Common Stock 07/18/2023 S(3) 113,138 D $30.7 0 I Sharp Family Investments LLC Fund 1 (200903031-T1)(2)
Class A Common Stock 07/18/2023 C(4) 20,710 A $0 20,710 I Sharp Family Investments LLC Fund 2 (200903031-T2)(5)
Class A Common Stock 07/18/2023 S(3) 20,710 D $30.7 0 I Sharp Family Investments LLC Fund 2 (200903031-T2)(5)
Class A Common Stock 07/18/2023 C(6) 5,836 A $0 5,836 I Sharp Family Investments LLC Fund 3 (200903031-T3)(7)
Class A Common Stock 07/18/2023 S(3) 5,836 D $30.7 0 I Sharp Family Investments LLC Fund 3 (200903031-T3)(7)
Class A Common Stock 07/18/2023 C(8) 26,555 A $0 26,555 I The Sharp Irrevocable Remainder Trust (200903031-IT)(9)
Class A Common Stock 07/18/2023 S(3) 26,555 D $30.7 0 I The Sharp Irrevocable Remainder Trust (200903031-IT)(9)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B common stock (10) 07/18/2023 C(1) 113,138 (10) (10) Class A Common Stock 113,138 $0 339,415 I Sharp Family Investments LLC Fund 1 (200903031-T1)(2)
Class B common stock (10) 07/18/2023 C(4) 20,710 (10) (10) Class A Common Stock 20,710 $0 209,407 I Sharp Family Investments LLC Fund 2 (200903031-T2)(5)
Class B common stock (10) 07/18/2023 C(6) 5,836 (10) (10) Class A Common Stock 5,836 $0 59,019 I Sharp Family Investments LLC Fund 3 (200903031-T3)(7)
Class B common stock (10) 07/18/2023 C(8) 26,555 (10) (10) Class A Common Stock 26,555 $0 268,543 I The Sharp Irrevocable Remainder Trust (200903031-IT)(9)
Explanation of Responses:
1. Represents the conversion of 113,138 shares of Class B Common Stock into 113,138 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
2. These securities are held by Sharp Family Investments LLC Fund 1, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 1.
3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
4. Represents the conversion of 20,710 shares of Class B Common Stock into 20,710 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
5. These securities are held by Sharp Family Investments LLC Fund 2, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 2.
6. Represents the conversion of 5,836 shares of Class B Common Stock into 5,836 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
7. These securities are held by Sharp Family Investments LLC Fund 3, a limited liability company. The Reporting Person retains beneficial ownership over the securities held by Sharp Family Investments LLC Fund 3.
8. Represents the conversion of 26,555 shares of Class B Common Stock into 26,555 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan.
9. These securities are held by The Sharp Irrevocable Remainder Trust. The Reporting Person retains beneficial ownership over the securities held by The Sharp Irrevocable Remainder Trust.
10. 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.
Remarks:
The Power of Attorney for Mr. Evan Sharp is filed as an exhibit to the Form 3 filed by Mr. Sharp with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference.
Monifa Clayton, Attorney-in-Fact 07/19/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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