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Pinterest co-founder proposes $10.3M share sale

The notice lists Merrill Lynch as broker and identifies the shares as Founder Shares acquired from the issuer on July 14, 2009.

(Neutral)

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Form Type
144

Rhea-AI Filing Summary

Pinterest, Inc. co-founder Paul Sciarra filed a notice covering a proposed sale of 500,000 common shares, with an aggregate market value of $10,339,300. The approximate sale date is October 27, 2026, and Merrill Lynch is named as broker. The securities table identifies the shares as Founder Shares acquired from the issuer on July 14, 2009.

Common shares proposed for sale 500,000 shares Proposed sale for Paul Sciarra's account
Aggregate market value $10,339,300 Shares covered by the proposed sale
Shares outstanding 492,198,008 shares Reported in the issuer securities information
Approximate sale date October 27, 2026 Proposed sale
Rule 144 regulatory
"paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Founder Shares technical
"Founder Shares"
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 technical
"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PINS shares does Paul Sciarra propose to sell?

The notice covers a proposed sale of 500,000 common shares, with an aggregate market value of $10,339,300.

How did Paul Sciarra acquire the PINS shares in the notice?

The securities table identifies the 500,000 shares as Founder Shares acquired from the issuer on July 14, 2009.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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