3.2M founder shares proposed for sale by PINS (NASDAQ: PINS)

Rhea-AI Filing Summary

PINS filing a Form 144/A reporting the proposed sale of 3,200,000 common founder shares. The filing lists an effective date of 05/04/2026 and notes the shares were originally dated 07/14/2009 and described as "Conversion." The filing identifies NASDAQ as the market.

Insights

Securities Compliance Counsel

Form 144/A records a proposed Rule 144 sale of founder shares; filing is procedural.

The filing lists 3,200,000 founder shares proposed for sale and an effective date of 05/04/2026. It documents the sale method as "Conversion" and the exchange as NASDAQ.

Timing, purchaser identity, and cash‑flow treatment are not provided in the excerpt; subsequent transaction details will appear in transfer records or later filings if shares are sold.

Key Figures

Shares to be sold: 3,200,000 shares Filing/effective date: 05/04/2026 Original share date: 07/14/2009

3 metrics

Shares to be sold 3,200,000 shares Common founder shares proposed for sale

Filing/effective date 05/04/2026 Date shown on the Form 144/A excerpt

Original share date 07/14/2009 Date associated with the founder shares in the filing

Key Terms

Form 144/A, Founder Shares, Conversion

3 terms

Form 144/A regulatory

"144/A: Securities To Be Sold"

Founder Shares financial

"Founder Shares | Issuer | 3200000"

Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

Conversion financial

"3200000 | 05/04/2026 | Conversion"

Conversion is the exchange of one type of financial instrument for another, most commonly turning convertible bonds or preferred shares into common stock. It matters to investors because conversion changes the number of outstanding shares and ownership stakes—like trading a coupon for a slice of a company—potentially reducing each existing owner's portion, affecting per-share earnings, voting power and the market value of the stock.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 1499 Post Road Fairfield CT 06824	3200000	65568563.9	585458698	05/04/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/14/2009	Founder Shares	Issuer			3200000	05/04/2026	Conversion

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Nothing to Report

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does PINS Form 144/A report?

It reports a proposed sale of 3,200,000 common founder shares. The filing gives an effective date of 05/04/2026 and lists the shares as dated 07/14/2009, described as a "Conversion," with NASDAQ noted as the market.

Does the Form 144/A state who will buy the shares for PINS?

No—buyer identity is not provided in the excerpt. The filing lists the shares and date but does not name purchasers; any sale counterparties would appear in subsequent transfer documents or other disclosures.

Are proceeds to the issuer disclosed in the PINS 144/A?

Proceeds treatment is not disclosed in the provided excerpt. The form lists shares to be sold but does not state whether proceeds go to the issuer or selling holder in this excerpt.

What do the dates on the PINS filing mean?

The filing shows 07/14/2009 as the original share date and 05/04/2026 as the filing/effective date for the proposed sale. These dates reflect origination and the current filing timestamp shown.

Will this Form 144/A alone change PINS' reported outstanding shares?

No—the Form 144/A reports a proposed resale of existing founder shares, not a change to outstanding shares. Any change to outstanding share counts would require a separate disclosure with explicit figures.