0001506293-21-000067.txt : 20210324 0001506293-21-000067.hdr.sgml : 20210324 20210324205137 ACCESSION NUMBER: 0001506293-21-000067 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210322 FILED AS OF DATE: 20210324 DATE AS OF CHANGE: 20210324 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Morgenfeld Todd R CENTRAL INDEX KEY: 0001591358 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38872 FILM NUMBER: 21769803 MAIL ADDRESS: STREET 1: C/O HEWLETT-PACKARD COMPANY STREET 2: 3000 HANOVER STREET CITY: PALO ALTO STATE: CA ZIP: 94304 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PINTEREST, INC. CENTRAL INDEX KEY: 0001506293 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 263607129 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 505 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: (415) 617-5585 MAIL ADDRESS: STREET 1: 505 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Pinterest, Inc. DATE OF NAME CHANGE: 20120808 FORMER COMPANY: FORMER CONFORMED NAME: Cold Brew Labs Inc. DATE OF NAME CHANGE: 20101122 4 1 wf-form4_161663348296105.xml FORM 4 X0306 4 2021-03-22 0 0001506293 PINTEREST, INC. PINS 0001591358 Morgenfeld Todd R C/O PINTEREST, INC. 505 BRANNAN STREET SAN FRANCISCO CA 94107 0 1 0 0 Chief Financial Officer Class A Common Stock 2021-03-22 4 C 0 63364 0 A 716403 D Class A Common Stock 2021-03-22 4 S 0 43919 70.6779 D 672484 D Class A Common Stock 2021-03-22 4 S 0 19445 71.1962 D 653039 D Class B common stock 2021-03-22 4 C 0 63364 0 D Class A Common Stock 63364.0 869964 D 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. Represents the conversion of 63,364 shares of Class B Common Stock into 63,364 shares of Class A Common Stock in connection with sales to be effected to satisfy tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported Restricted Stock Units (RSUs), as described below. The securities consist of 75,378 shares of Class A Common Stock and an additional 641,025 previously reported shares of Class A Common Stock, subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs). Represents the 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 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. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $70.1900 to $70.9950 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. The securities consist of 31,459 shares of Class A Common Stock and an additional 641,025 previously reported shares of RSAs. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $71.0000 to $71.6300 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. The securities consist of 12,014 shares of Class A Common Stock and an additional 641,025 previously reported shares of RSAs. These securities consist of 53,302 shares of Class B Common Stock and 816,662 previously reported RSUs. Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting. The Power of Attorney for Mr. Todd Morgenfeld is filed as an exhibit to the Form 3 filed by Mr. Morgenfeld with the Securities and Exchange Commission on April 17, 2019, which is hereby incorporated by reference. Monifa Clayton, Attorney-in-Fact 2021-03-24