Pinterest Silbermann trust sells 46,875 shares twice
The trust's sales were made under a Rule 10b5-1 trading plan adopted by Benjamin Silbermann on February 27, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. reported that the Benjamin and Divya Silbermann Family Trust converted 46,875 shares of Class B Common Stock into Class A Common Stock and sold 46,875 Class A shares on October 6, 2026, with the same number converted and sold on October 7, 2026. The weighted-average sale prices were $19.6608 per share on October 6 and $20.0702 per share on October 7. The sales were made under a Rule 10b5-1 trading plan adopted by Benjamin Silbermann, a director and 10% owner, on February 27, 2026.
Separately, reported holdings dated October 6, 2026 included 1,174,715 directly held Class B shares and 8,762,530 Class B shares held by SFTC, LLC; Silbermann disclaimed beneficial ownership of the SFTC shares. The reported holdings also included 13,996 directly held Class A shares representing previously reported RSUs subject to vesting requirements.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Silbermann Benjamin
Role
Director, 10% Owner
Sold
93,750 shs ($1.86M)
Approx. gross sale proceeds
$1.86M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6 | 46,875 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 46,875 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F4 | 46,875 | $20.0702 | $941K |
| Conversion | Class B Common Stock F6 | 46,875 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 46,875 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3 | 46,875 | $19.6608 | $922K |
| holding | Class B Common Stock F6, F7 | -- | -- | -- |
| holding | Class B Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 34,143,138 contracts (Indirect, Benjamin and Divya Silbermann Family Trust);
Class A Common Stock — 0 shares (Indirect, Benjamin and Divya Silbermann Family Trust);
Class B Common Stock — 8,762,530 contracts (Indirect, SFTC, LLC);
Class B Common Stock — 1,174,715 contracts (Direct);
Class A Common Stock — 13,996 shares (Direct)
Footnotes (7)
- F1. Represents the conversion of shares of Class B Common Stock, par value $0.00001 ("Class B Common Stock") into Class A Common Stock, par value $0.00001 ("Class A Common Stock"), in connection with the sale of such shares pursuant to a Rule 10b5-1 trading plan.
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
- F3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.44 to $20.00 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $19.97 to $20.25 per share. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. Represents previously reported RSUs that are subject to vesting requirements.
- F6. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Class A Common Stock. Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer, and in other circumstances as outlined in the Issuer's Certificate of Incorporation.
- F7. Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in The Silbermann 2012 Irrevocable Trust.
Key Figures
Class B shares converted: 46,875 shares on each date
Class A shares sold: 46,875 shares
Weighted-average sale price: $19.6608 per share
+5 more
8 metrics
Class B shares converted
46,875 shares on each date
October 6 and October 7, 2026
Class A shares sold
46,875 shares
October 6, 2026
Weighted-average sale price
$19.6608 per share
October 6, 2026
Class A shares sold
46,875 shares
October 7, 2026
Weighted-average sale price
$20.0702 per share
October 7, 2026
Directly held Class B shares
1,174,715 shares
Reported holdings dated October 6, 2026
Class B shares held by SFTC, LLC
8,762,530 shares
Reported holdings dated October 6, 2026; Benjamin Silbermann disclaimed beneficial ownership
Class A shares representing RSUs
13,996 shares
Reported holdings dated October 6, 2026; previously reported RSUs subject to vesting requirements
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, RSUs, Class B Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"reported price in Column 4 is a weighted average sale price"
RSUs financial
"previously reported RSUs that are subject to vesting requirements"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Class B Common Stock technical
"Each share of Class B Common Stock is convertible"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.
