Pinterest (PINS) Chief Business Officer sells 12,240 shares in planned trade
Rhea-AI Filing Summary
PINTEREST, INC. Chief Business Officer Claude Leonard Brown reported a sale of 12,240 shares of Class A Common Stock on 2026-08-11 at a weighted average price of $23.8795 per share in an open-market transaction. The transaction was effected under a Rule 10b5-1 trading plan adopted on May 11, 2026. Following this sale, Brown directly holds 1,206,834 shares, which include restricted stock units subject to vesting conditions.
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Insider Trade Summary 10b5-1
Net Seller: 12,240 shares
Net Sell
1 txn
Insider
Brown Claude Leonard
Role
Chief Business Officer
Sold
12,240 shs ($292K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 12,240 | $23.8795 | $292K |
Holdings After Transaction:
Class A Common Stock — 1,206,834 shares (Direct)
Footnotes (3)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 11, 2026.
- F2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.71 to $24.08 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.
- F3. Includes restricted stock units that are subject to vesting conditions.
Key Figures
Shares sold: 12,240 shares
Weighted average sale price: $23.8795 per share
Price range: $23.71 to $24.08 per share
+2 more
5 metrics
Shares sold
12,240 shares
Class A Common Stock sold on 2026-08-11
Weighted average sale price
$23.8795 per share
Open-market sale on 2026-08-11
Price range
$23.71 to $24.08 per share
Range of individual sale prices in the reported transaction
Shares owned after sale
1,206,834 shares
Direct holdings after transaction, including RSUs subject to vesting
10b5-1 plan adoption date
May 11, 2026
Date the Rule 10b5-1 trading plan governing this sale was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, restricted stock units
3 terms
Rule 10b5-1 trading plan regulatory
"sales reported were effected 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
"The reported price in Column 4 is a weighted average sale price."
restricted stock units financial
"Includes restricted stock units that are subject to vesting conditions."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Pinterest (PINS) Chief Business Officer Claude Leonard Brown report in this Form 4?
Claude Leonard Brown reported a sale of 12,240 Class A shares of Pinterest on 2026-08-11 at a weighted average price of $23.8795 per share, executed as an open-market transaction under a Rule 10b5-1 trading plan.