[Form 4] Pinterest, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Benjamin Silbermann, a director and reported 10% owner of Pinterest, Inc. (PINS), executed conversions and Rule 10b5-1 plan sales on 08/27/2025. The filing shows conversion of Class B shares into Class A shares and sales effected under a 10b5-1 trading plan adopted Dec 13, 2024. The report lists sales of 83,333 Class A shares at a weighted average price of $36.0287 and 18,750 Class A shares at a weighted average price of $36.0279, each resulting from conversion and subsequent sale, leaving reported beneficial ownership of 83,333 and 18,750 Class A shares for the Benjamin and Divya Silbermann Family Trust and SFTC, LLC respectively. The filing also notes 8,414 previously reported RSUs subject to vesting and disclaims beneficial ownership of certain SFTC, LLC shares except to the extent of any pecuniary interest.

Positive

• Use of a Rule 10b5-1 trading plan provides prearranged, documented framework for the sales and indicates planned dispositions rather than opportunistic trades
• Detailed weighted-average sale price ranges disclosed, with undertakings to provide breakdowns on request, enhancing transparency

Negative

• Insider sales occurred: 83,333 and 18,750 Class A shares sold, which reduce reported beneficial ownership
• Beneficial ownership is held indirectly through trusts and SFTC, LLC, which can make direct control and economic interest less transparent

Insights

Securities Analyst

TL;DR: Routine insider conversions and Rule 10b5-1 sales; no new disclosures of compensation or material corporate events.

The Form 4 documents planned sales executed under a Rule 10b5-1 plan, showing conversions of Class B into Class A shares followed by sales at weighted average prices around $36.03. This is consistent with prearranged dispositions rather than opportunistic market sales. The filing provides transparency by disclosing the plan adoption date and price ranges; it also clarifies indirect ownership through trusts and SFTC, LLC and notes outstanding RSUs subject to vesting.

Corporate Governance Expert

TL;DR: Governance disclosure is complete for these transactions and includes customary beneficial ownership disclaimers.

The report includes customary conversion mechanics for dual-class stock, explicit Rule 10b5-1 plan disclosure, and disclaimers regarding indirect ownership of shares held by related entities. It identifies the reporting person as both director and 10% owner and shows the post-transaction beneficial ownership figures, which helps stakeholders assess voting and ownership structure stability.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Silbermann Benjamin

(Last) (First) (Middle)

C/O PINTEREST, INC.

651 BRANNAN STREET

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PINTEREST, INC. [ PINS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/27/2025		C(1)		83,333	A	$0	83,333	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	08/27/2025		S(2)		83,333	D	$36.0287(3)	0	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	08/27/2025		C(1)		18,750	A	$0	18,750	I	SFTC, LLC(4)
Class A Common Stock	08/27/2025		S(2)		18,750	D	$36.0279(5)	0	I	SFTC, LLC(4)
Class A Common Stock								8,414(6)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(7)	08/27/2025		C(1)			83,333	(7)	(7)	Class A Common Stock	83,333	$0	36,070,228	I	Benjamin and Divya Silbermann Family Trust
Class B Common Stock	(7)	08/27/2025		C(1)			18,750	(7)	(7)	Class A Common Stock	18,750	$0	8,837,530	I	SFTC, LLC(4)
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	1,174,715		1,174,715	D

Explanation of Responses:

1. 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.

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024.

3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.8550 to $36.2050 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.

4. 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.

5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.8600 to $36.1800 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.

6. Represents previously reported RSUs that are subject to vesting requirements.

7. 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.

Remarks:

	Jacquie Katzel, Attorney-in-Fact	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Benjamin Silbermann report on the Form 4 for PINS?

The filing reports conversions of Class B into Class A shares and sales on 08/27/2025: 83,333 shares sold at a weighted average price of $36.0287 and 18,750 shares sold at a weighted average price of $36.0279.

Were the sales made under a 10b5-1 trading plan for PINS?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted Dec 13, 2024, as disclosed in the Form 4.

How much Class A stock did the reporting person beneficially own after the transactions?

The Form 4 reports 83,333 Class A shares for the Benjamin and Divya Silbermann Family Trust and 18,750 Class A shares for SFTC, LLC following the reported transactions.

Does the Form 4 disclose any unvested equity?

Yes. It notes 8,414 previously reported restricted stock units (RSUs) that remain subject to vesting requirements.

Did the reporting person disclaim beneficial ownership of any shares?

Yes. Mr. Silbermann disclaims beneficial ownership of shares held by SFTC, LLC except to the extent of any pecuniary interest, per the filing.