Pinterest director granted 13,996 RSUs
Pinterest director Leslie J. Kilgore received an equity award of 13,996 Restricted Stock Units (RSUs), valued at $19.29 per share in the filing.
Rhea-AI Filing Summary
Pinterest director Leslie J. Kilgore received an equity award of 13,996 Restricted Stock Units (RSUs), valued at $19.29 per share in the filing. These RSUs vest in full on the earlier of May 22, 2027 or immediately before the next regular annual stockholders meeting, with full vesting upon a change in control. The filing also records a previously unreported voluntary conversion of 6,838 shares of Class B common stock into Class A common stock from June 16, 2022 and shows direct beneficial ownership of 22,410 Class A shares (including RSUs) as of May 21, 2026, plus additional indirect holdings through two family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,838 shares exercised/converted
Exercise
5 txns
Insider
KILGORE LESLIE J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13,996 | $19.29 | $270K |
| Conversion | Class B Common Stock | 6,838 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 6,838 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 22,410 shares (Direct);
Class A Common Stock — 36,786 shares (Indirect, JLK Family Legacy Trust);
Class A Common Stock — 40,536 shares (Indirect, JLK Revocable Trust)
Footnotes (6)
- F1. Each share of Class B common stock, par value $0.00001 (Class B Common Stock) is convertible at any time at the option of the holder into one share of the Company's Class A Common Stock, par value $0.00001 (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.
- F2. On June 16, 2022, the Reporting Person elected to make a voluntary conversion of 6,838 shares of the Company's Class B Common Stock into 6,838 shares of the Company's Class A Common Stock. The conversion was inadvertently not reported due to an administrative error. As a result, the Class A Common Stock totals on Ms. Kilgore's Form 4s filed on May 31, 2023; May 29, 2024; and May 27, 2025; were each understated by 6,838 shares.
- F3. Reflects the Reporting Person's beneficial ownership of Class A Common Stock as of May 21, 2026.
- F4. Restricted Stock Units (RSUs) scheduled to vest in full on the earlier of (i) May 22, 2027 or (ii) the date immediately prior to the Company's next regular annual stockholders meeting (subject to continued service), with immediate vesting in full upon the consummation of a change in control. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, subject to vesting.
- F5. Includes RSUs subject to vesting conditions.
- F6. These shares were previously held directly by the Reporting Person and were transferred to the JLK Revocable Trust, for which the Reporting Person and her spouse are the beneficiaries.
Key Figures
RSU grant size: 13,996 RSUs
Grant valuation price: $19.29 per share
Direct Class A holdings: 22,410 shares
+4 more
7 metrics
RSU grant size
13,996 RSUs
Award of Class A common stock RSUs to director
Grant valuation price
$19.29 per share
Value per RSU reported for the 13,996-unit award
Direct Class A holdings
22,410 shares
Direct beneficial ownership of Class A as of May 21, 2026
Conversion from Class B
6,838 shares
Class B to Class A voluntary conversion on June 16, 2022
JLK Revocable Trust holdings
40,536 shares
Indirect Class A ownership via JLK Revocable Trust
JLK Family Legacy Trust holdings
36,786 shares
Indirect Class A ownership via JLK Family Legacy Trust
RSU vesting date
May 22, 2027
Latest vesting date or earlier immediately before next annual meeting
Key Terms
Restricted Stock Units (RSUs), Class B common stock, beneficial ownership, change in control, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Restricted Stock Units (RSUs) scheduled to vest in full on the earlier of (i) May 22, 2027 or (ii) the date immediately prior..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Class B common stock financial
"Each share of Class B common stock, par value $0.00001 (Class B Common Stock) is convertible at any time..."
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.
beneficial ownership financial
"Reflects the Reporting Person's beneficial ownership of Class A Common Stock as of May 21, 2026."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
change in control financial
"with immediate vesting in full upon the consummation of a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Revocable Trust financial
"transferred to the JLK Revocable Trust, for which the Reporting Person and her spouse are the beneficiaries."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Pinterest (PINS) director Leslie Kilgore receive in this Form 4?
Leslie J. Kilgore received an award of 13,996 Restricted Stock Units (RSUs) of Pinterest Class A common stock. Each RSU represents the right to receive one share, subject to vesting conditions tied to time and potential change-in-control events.
When do Leslie Kilgore’s new Pinterest RSUs vest?
The 13,996 RSUs vest in full on the earlier of May 22, 2027 or the date immediately before Pinterest’s next regular annual stockholders meeting. They also vest immediately upon consummation of a change in control, assuming continued service through the vesting date.
Is Leslie Kilgore’s Pinterest Form 4 a stock purchase or a compensation award?
The transaction is a compensation-related equity award, not an open-market stock purchase. The Form 4 lists it as a grant or award acquisition of 13,996 RSUs, reflecting standard director compensation in stock-based form rather than a discretionary market trade.
What past Pinterest transaction was corrected in Leslie Kilgore’s Form 4 footnotes?
The footnotes state that on June 16, 2022, Kilgore voluntarily converted 6,838 Class B shares into 6,838 Class A shares. That conversion was inadvertently not reported earlier, leaving prior Form 4 filings understated by 6,838 Class A shares each time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
