[144] Pinterest, Inc. SEC Filing

Rhea-AI Filing Summary

AT&T Inc. (T) – Insider Form 4 filing dated 07/02/2025

Chief Financial Officer Pascal Desroches reported a routine acquisition of 1,457.037 deferred stock units on 06/30/2025 at an average reference price of $28.94 per share. The units were accumulated automatically through the company’s deferred compensation plan, which uses payroll deductions with partial company matching and settle 1-for-1 in AT&T common stock.

Following the transaction, Desroches’ total beneficial ownership stands at:

• 126,882.227 shares – Indirect (Benefit Plan)
• 6,636.811 shares – Indirect (401(k) plan, statement dated 05/31/2025)
• 847,424 shares – Direct

No derivative securities were reported and no dispositions occurred. The filing indicates continued participation in long-term equity programs rather than an opportunistic open-market purchase. Given the modest size of the transaction relative to both Desroches’ existing stake and AT&T’s ~7.2 billion shares outstanding, the market impact is expected to be immaterial.

Insights

Financial Analyst

TL;DR: Routine benefit-plan share accrual; negligible size – neutral for valuation.

The 1.5 k-share addition represents less than 0.001% of CFO Desroches’ direct holdings and an even smaller fraction of AT&T’s float. Because the units were acquired through an automatic deferred compensation program, the action offers limited signaling value compared with discretionary open-market buying. The absence of dispositions keeps overall insider sentiment flat. Overall, the filing is not materially impactful to the investment thesis, but it does underscore ongoing executive alignment via equity ownership.

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

144: Filer Information

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

144: 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

Relationship to Issuer

144: 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
Class A Common Stock	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	102083	3614609.00	594233850	07/02/2025	NYSE

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: 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 *
Class A Common Stock	04/18/2019	Founders Shares	Pinterest, Inc.			102083	04/18/2019	N/A

* 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: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Benjamin Silbermann 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	04/02/2025	102083	3192592.00
Benjamin Silbermann 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	05/14/2025	408332	13541902.00
Benjamin Silbermann 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	05/21/2025	102083	3280213.00
Benjamin Silbermann 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	05/22/2025	6274	201847.00
Benjamin Silbermann 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	05/28/2025	102083	3212604.00
BENJAMIN SILBERMANN 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	06/04/2025	102083	3389920.00
BENJAMIN SILBERMANN 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	06/11/2025	102083	3553663.00
BENJAMIN SILBERMANN 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	06/18/2025	102083	3554110.00
BENJAMIN SILBERMANN 651 BRANNAN STREET SAN FRANCISCO CA 94107	PINTEREST, INC.	06/25/2025	102083	3673717.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

How many AT&T (T) shares did CFO Pascal Desroches acquire?

1,457.037 deferred stock units were acquired on 06/30/2025 under a benefit plan.

At what price were the shares credited in the Form 4 filing?

The reference price disclosed for the units is $28.94 per share.

What is Desroches’ total beneficial ownership after the transaction?

Post-transaction holdings: 126,882.227 indirect (benefit plan), 6,636.811 indirect (401(k)), and 847,424 direct shares.

Was this an open-market purchase or a benefit-plan accrual?

It was a benefit-plan accrual via deferred compensation with company matching, not an open-market buy.

Does the filing include any share sales or derivative activity?

No. The Form 4 reports only the acquisition of deferred stock units; no sales or derivatives were recorded.