[144] Pinterest, Inc. SEC Filing
Pursuant to Rule 144, an insider notice filed for Pinterest, Inc. (PINS) reports a proposed sale of 1,150 common shares through Charles Schwab & Co., Inc. with an aggregate market value of $40,250 and an approximate sale date of 08/20/2025. The filer acquired these shares on 06/20/2023 by restricted stock lapse under equity compensation from Pinterest, Inc.
The filing also discloses three prior sales by the same person during the past three months: 1,150 shares on 05/21/2025 for $36,766, 1,150 shares on 06/18/2025 for $39,698, and 1,150 shares on 07/16/2025 for $42,412. Total outstanding shares reported: 599,264,132. No signature date or plan-adoption date is provided in the form text.
- Transparent acquisition details: the filer discloses acquisition date (06/20/2023) and nature (Restricted Stock Lapse).
- Broker identified: sales to be executed through Charles Schwab & Co., Inc., providing a clear execution venue.
- Recent sale history provided: three recent sales with dates and gross proceeds demonstrate executed dispositions.
- Missing signature/date fields: the form text does not provide a date of notice or signature date.
- No 10b5-1 plan date: there is no stated date for plan adoption or instruction, limiting clarity on prearranged trading.
- Small but repeated disposals: multiple near-monthly sales could prompt investor questions about insider intent despite being individually immaterial.
Insights
TL;DR Insider plans to sell 1,150 restricted shares acquired in 2023; multiple recent small dispositions were executed in Q2–Q3 2025.
The form is a routine Rule 144 notice indicating the disposition of previously restricted equity awarded as compensation. The single planned sale is small relative to the reported 599 million shares outstanding, suggesting limited direct market impact from this transaction alone. The filing documents a pattern of monthly disposals of identical lot sizes and shows realized gross proceeds rising across three recent sales, which may reflect share-price appreciation over the period. The absence of a notice signature date or a stated 10b5-1 plan adoption date limits conclusions about whether these sales follow a pre-established trading plan.
TL;DR This is a compliance filing for an insider sale of vested restricted stock, with adequate broker and acquisition details but missing signature/date elements.
From a governance perspective, the form fulfills basic disclosure by listing the broker, acquisition method (restricted stock lapse), acquisition date, and recent sale history. However, the filing omits explicit date fields such as the notice signature date and any Rule 10b5-1 plan adoption date, which are relevant to demonstrate pre-clearance or absence of material nonpublic information at the time of sale instructions. For investors evaluating insider behavior, the documented sequence of modest, regular sales is notable but appears procedurally standard.