Pinterest (PINS) director Silbermann converts Class B and sells 93,750 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. director and 10% owner Benjamin Silbermann reported pre-planned stock sales by the Benjamin and Divya Silbermann Family Trust. On June 30 and July 1, 2026, the trust converted 46,875 shares of Class B Common Stock into Class A each day and sold the same number of Class A shares in open-market transactions.
The trust sold a total of 93,750 Class A shares at weighted average prices of $21.4497 and $21.6411 per share, under a Rule 10b5-1 trading plan adopted on February 27, 2026. After these conversions, the trust continued to hold 35,268,138 shares of Class B Common Stock, which remain convertible into Class A on a one-for-one basis.
Separate from the trust, Silbermann has direct and indirect positions in Class B Common Stock that are convertible into 1,174,715 and 8,762,530 shares of Class A, respectively. He disclaims beneficial ownership of the shares held by SFTC, LLC, except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 93,750 shares ($2,019,881)
Net Sell
9 txns
Insider
Silbermann Benjamin
Role
null
Sold
93,750 shs ($2.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 46,875 | $0.00 | -- |
| Conversion | Class A Common Stock | 46,875 | $0.00 | -- |
| Sale | Class A Common Stock | 46,875 | $21.6411 | $1.01M |
| Conversion | Class B Common Stock | 46,875 | $0.00 | -- |
| Conversion | Class A Common Stock | 46,875 | $0.00 | -- |
| Sale | Class A Common Stock | 46,875 | $21.4497 | $1.01M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 35,268,138 shares (Indirect, Benjamin and Divya Silbermann Family Trust);
Class A Common Stock — 46,875 shares (Indirect, Benjamin and Divya Silbermann Family Trust);
Class B Common Stock — 1,174,715 shares (Direct, null);
Class A Common Stock — 13,996 shares (Direct, null)
Footnotes (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. 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. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.1900 to $21.5600 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. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $21.0850 to $22.0500 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. Represents previously reported RSUs that are subject to vesting requirements. 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. 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. 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
Total shares sold: 93,750 shares
June 30 weighted average sale price: $21.4497 per share
July 1 weighted average sale price: $21.6411 per share
+5 more
8 metrics
Total shares sold
93,750 shares
Class A Common Stock sold June 30 and July 1, 2026
June 30 weighted average sale price
$21.4497 per share
46,875 Class A shares sold in multiple trades
July 1 weighted average sale price
$21.6411 per share
46,875 Class A shares sold in multiple trades
Class B converted per day
46,875 shares
Converted into Class A on June 30 and July 1, 2026
Trust Class B holdings
35,268,138 shares
Class B Common Stock held by family trust after transactions
Direct Class B underlying
1,174,715 shares
Underlying Class A shares from direct Class B position
Indirect Class B underlying via SFTC, LLC
8,762,530 shares
Underlying Class A shares; beneficial ownership disclaimed except pecuniary interest
Price range June 30 sales
$21.0850–$22.0500
Multiple transactions; weighted average $21.4497
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, RSUs, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"sale of such shares 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.
Class B Common Stock financial
"Represents the conversion of shares of Class B Common Stock"
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.
Class A Common Stock financial
"into Class A Common Stock, par value $0.00001"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
RSUs financial
"Represents 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.
beneficial ownership regulatory
"disclaims beneficial ownership of the shares held by the SFTC, LLC"
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.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price"
FAQ
What did Benjamin Silbermann report in this Pinterest (PINS) Form 4?
Benjamin Silbermann reported that the Benjamin and Divya Silbermann Family Trust converted Class B into Class A shares and sold 93,750 Class A shares. These open-market sales occurred on June 30 and July 1, 2026, under a pre-arranged Rule 10b5-1 trading plan.
What ongoing Pinterest equity exposure does Benjamin Silbermann have outside the family trust?
The filing shows Class B Common Stock positions convertible into 1,174,715 Class A shares held directly and 8,762,530 underlying Class A shares held indirectly via SFTC, LLC. Silbermann disclaims beneficial ownership of SFTC, LLC shares except for any pecuniary interest through related family trust holdings.