[Form 4] PINTEREST, INC. Insider Trading Activity
Walcott Wanjiku Juanita, Chief Legal & Business Affairs Officer and director of Pinterest, reported a disposition of 14,969 shares of Class A common stock at $35.81 per share. The filing states these shares were withheld by the company to satisfy income tax withholding related to the vesting and net settlement of previously granted restricted stock units (RSUs). After the transaction, the reporting person beneficially owns 375,261 shares, which the filing notes includes RSUs that remain subject to vesting. The Form 4 was submitted to disclose this officer-level equity settlement.
- Substantial retained ownership: Reporting person beneficially owns 375,261 shares after the transaction, indicating continued stake in the company.
- Routine tax-withholding transaction: The 14,969-share disposition was used to satisfy income tax on vested RSUs, not a discretionary sell for cash.
- Share reduction: 14,969 Class A shares were disposed of, reducing the reporting person's direct holdings.
- Unvested RSUs remain outstanding: The filing notes that the beneficial ownership figure includes RSUs still subject to vesting, which may dilute future outstanding shares upon settlement.
Insights
TL;DR: Insider disposed shares to cover tax on vested RSUs; holdings remain substantial at 375,261 shares.
The reported disposition of 14,969 Class A shares at $35.81 is categorized as a tax-withholding settlement tied to vested RSUs, not an open-market sale for cash optimization. That distinction matters because it signals routine administrative action rather than a liquidity-driven exit. The remaining beneficial ownership of 375,261 shares (including unvested RSUs) preserves continued alignment with shareholder interests, though any future vesting schedules could dilute over time as RSUs settle.
TL;DR: Officer completed a tax-withholding share disposition; disclosure follows Section 16 reporting norms.
The Form 4 discloses a standard net-settlement of RSUs where shares are withheld to satisfy tax obligations. This is a routine corporate governance occurrence for executives receiving equity compensation. The filing identifies the reporting person as both an officer and director, and shows continued material ownership. No indication of unusual trading patterns or opportunistic timing appears in this single disclosure.