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Benjamin Silbermann files repeated Form 144 sales of Pinterest Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Pinterest, Inc. insider filings show repeated proposed and completed sales of Class A Common Stock by Benjamin Silbermann. The Form 144 lists a notice to sell 102,083 shares 04/18/2019) through Charles Schwab & Co., Inc., with an approximate aggregate market value of $3,742,806 and an approximate sale date of 09/17/2025. The filing also discloses multiple completed sales during the past three months, each for 102,083 shares on weekly dates from 06/18/2025 through 09/10/2025, with individual gross proceeds reported between $3,554,110 and $3,780,818. The filer states the securities were originally acquired as founders shares from Pinterest, Inc.

Positive

  • Transparent disclosure of insider sales with broker, share counts, and gross proceeds
  • Origin of shares disclosed as founders shares acquired on 04/18/2019, supporting compliance

Negative

  • Substantial insider selling activity in repeated 102,083-share blocks over multiple weeks (may concern some investors)
  • No 10b5-1 plan date provided in the filing text to clarify whether sales were pre-planned

Insights

TL;DR Insider Benjamin Silbermann executed repeated sales of identical share blocks, disclosing founder-share origin and broker details.

The filing documents systematic sales of 102,083-share blocks executed through Charles Schwab, with each reported sale producing gross proceeds in the low millions. The shares were acquired as founders shares on 04/18/2019, and the Form 144 lists a proposed additional sale of the same block size at an aggregate market value of $3,742,806. This pattern is a clear disclosure of insider liquidity events rather than operational developments; it provides transparency on timing, broker, and historical acquisition but contains no new company performance data.

TL;DR Regular, disclosed insider sales show compliance with Rule 144 and trading plan mechanics but do not reveal material corporate changes.

The filer affirms the securities were founders shares and includes an explicit representation regarding lack of undisclosed material information. Multiple transactions are listed on consecutive weekly dates indicating a systematic disposition schedule. The filing includes broker identification

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

FAQ

What insider sales does the Form 144 for PINS disclose?

The filing discloses proposed and completed sales by Benjamin Silbermann of 102,083 shares per transaction of Pinterest Class A Common Stock.

When were the shares acquired that are being sold by Benjamin Silbermann?

The shares were acquired as Founders Shares on 04/18/2019 from Pinterest, Inc.

Through which broker are the proposed sales to be executed?

The proposed sale lists Charles Schwab & Co., Inc. at 3000 Schwab Way, Westlake, TX.

What are the reported gross proceeds for recent sales in the last three months?

Individual gross proceeds for listed sales range from $3,554,110 to $3,780,818 per trade.

How many separate sales of 102,083 shares are recorded in the past three months?

The filing lists 11 sales of 102,083 shares on dates from 06/18/2025 through 09/10/2025.
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18.63B
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Internet Content & Information
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United States
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