Pinterest (PINS) CTO logs RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. Chief Technology Officer Matthew Madrigal reported a tax-related share disposition under a pre-existing equity award. On this Form 4, 19,529 shares of Class A Common Stock were withheld by the company at $17.77 per share to cover income tax obligations from the vesting and net settlement of previously reported RSUs. After this withholding, Madrigal directly owns 993,219 shares of Class A Common Stock, which include RSUs that remain subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Madrigal Matthew
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 19,529 | $17.77 | $347K |
Holdings After Transaction:
Class A Common Stock — 993,219 shares (Direct)
Footnotes (1)
- Represents shares of Class A Common Stock that have been withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported Restricted Stock Units ("RSUs"). Includes RSUs subject to vesting conditions.
FAQ
What did Pinterest (PINS) CTO Matthew Madrigal report in this Form 4?
Matthew Madrigal reported a tax-withholding disposition of 19,529 shares of Pinterest Class A Common Stock. The shares were withheld by the company to satisfy income tax obligations from vesting and net settlement of previously reported RSUs at $17.77 per share.
Was the Pinterest (PINS) CTO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition where 19,529 shares were withheld by Pinterest to cover income tax liabilities related to the vesting and settlement of previously reported restricted stock units.
What do the Form 4 footnotes say about the Pinterest (PINS) RSUs?
The footnotes explain that the disposed shares were withheld to satisfy income tax obligations from RSU vesting. They also state that the remaining reported holdings include RSUs that are still subject to vesting conditions, clarifying the composition of the CTO’s reported share balance.