[Form 4] Pinterest, Inc. Insider Trading Activity
Benjamin Silbermann, a director and reported 10% owner of Pinterest, Inc. (PINS), executed transactions on 08/13/2025 under a Rule 10b5-1 trading plan. Portions of his Class B common stock were converted into Class A and then sold. The filing shows 83,333 shares were converted and sold at a weighted average price of $35.1115 per share, and an additional 18,750 shares were converted and sold at a weighted average price of $35.1107 per share, resulting in those lots being reduced to 0 shares held by the reporting person for those specific entries. The report also discloses previously reported restricted stock units of 8,414 shares that remain subject to vesting. The filing identifies indirect ownership figures following the transactions, including 36,236,894 Class A shares associated with the Benjamin and Divya Silbermann Family Trust and 8,875,030 Class A shares associated with SFTC, LLC.
Benjamin Silbermann, amministratore e segnalato come titolare del 10% di Pinterest, Inc. (PINS), ha effettuato operazioni il 13/08/2025 nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1. Parti delle sue azioni ordinarie di classe B sono state convertite in azioni di classe A e poi vendute. La comunicazione indica che 83.333 azioni sono state convertite e vendute a un prezzo medio ponderato di $35,1115 per azione, e ulteriori 18.750 azioni sono state convertite e vendute a un prezzo medio ponderato di $35,1107 per azione, riducendo tali lotti a 0 azioni detenute dalla persona interessata per quelle specifiche voci. Il rapporto riporta inoltre 8.414 unità di azioni vincolate già segnalate che restano soggette a vesting. La dichiarazione identifica le posizioni di detenzione indiretta dopo le operazioni, tra cui 36.236.894 azioni di classe A relative al Benjamin and Divya Silbermann Family Trust e 8.875.030 azioni di classe A relative a SFTC, LLC.
Benjamin Silbermann, director y reportado como propietario del 10% de Pinterest, Inc. (PINS), realizó operaciones el 13/08/2025 bajo un plan de negociación conforme a la Rule 10b5-1. Parte de sus acciones ordinarias Clase B fueron convertidas a Clase A y posteriormente vendidas. El informe muestra que 83.333 acciones se convirtieron y vendieron a un precio promedio ponderado de $35.1115 por acción, y otras 18.750 acciones se convirtieron y vendieron a un precio promedio ponderado de $35.1107 por acción, dejando esos lotes en 0 acciones en poder del declarante para esas anotaciones concretas. El reporte también revela 8.414 unidades restringidas ya informadas que permanecen sujetas a vesting. La presentación identifica las participaciones indirectas tras las transacciones, incluyendo 36.236.894 acciones Clase A asociadas al Benjamin and Divya Silbermann Family Trust y 8.875.030 acciones Clase A asociadas a SFTC, LLC.
Benjamin Silbermann는 Pinterest, Inc. (PINS)의 이사이자 보고상 10% 보유자로서 2025년 8월 13일 Rule 10b5-1 거래계획에 따라 거래를 실행했습니다. 그의 Class B 보통주 일부가 Class A로 전환된 뒤 매도되었습니다. 신고서에는 83,333주가 전환·매도되어 주당 가중평균 가격이 $35.1115였고, 추가로 18,750주가 전환·매도되어 주당 가중평균 가격이 $35.1107였으며, 해당 항목들은 보고자 보유 잔고가 0주로 감소했다고 나와 있습니다. 보고서에는 또한 여전히 베스팅 대상인 이전에 보고된 8,414개의 제한주(RSU)가 공개되어 있습니다. 거래 후 간접 보유 내역으로는 Benjamin and Divya Silbermann Family Trust 관련 36,236,894주 Class A와 SFTC, LLC 관련 8,875,030주 Class A가 포함되어 있습니다.
Benjamin Silbermann, administrateur et déclaré détenteur de 10 % de Pinterest, Inc. (PINS), a réalisé des opérations le 13/08/2025 dans le cadre d'un plan de trading Rule 10b5-1. Une partie de ses actions ordinaires de classe B a été convertie en actions de classe A puis vendue. Le dépôt indique que 83 333 actions ont été converties et vendues à un prix moyen pondéré de 35,1115 $ par action, et que 18 750 actions supplémentaires ont été converties et vendues à un prix moyen pondéré de 35,1107 $ par action, ramenant ces lots à 0 action détenue par le déclarant pour ces lignes spécifiques. Le rapport divulgue également 8 414 unités d'actions restreintes précédemment signalées qui restent soumises au vesting. Le dossier précise les participations indirectes après les transactions, y compris 36 236 894 actions de classe A liées au Benjamin and Divya Silbermann Family Trust et 8 875 030 actions de classe A liées à SFTC, LLC.
Benjamin Silbermann, Direktor und als 10%-Eigentümer von Pinterest, Inc. (PINS) gemeldet, führte am 13.08.2025 Transaktionen im Rahmen eines Rule-10b5-1-Handelsplans durch. Teile seiner Class-B-Stammaktien wurden in Class-A-Aktien umgewandelt und anschließend verkauft. Die Meldung zeigt, dass 83.333 Aktien umgewandelt und zu einem gewichteten Durchschnittspreis von $35,1115 je Aktie verkauft wurden, sowie weitere 18.750 Aktien zu einem gewichteten Durchschnittspreis von $35,1107 je Aktie, wodurch diese Bestände für die betreffenden Einträge auf 0 Aktien des Meldenden reduziert wurden. Der Bericht weist außerdem zuvor gemeldete, weiterhin der Vesting unterliegende 8.414 Restricted Stock Units aus. Nach den Transaktionen werden indirekte Beteiligungen angegeben, darunter 36.236.894 Class-A-Aktien des Benjamin and Divya Silbermann Family Trust und 8.875.030 Class-A-Aktien von SFTC, LLC.
- Transactions executed under a Rule 10b5-1 plan, which provides an affirmative defense against insider trading allegations
- Detailed weighted-average sale prices disclosed and offer to supply allocation details on request, supporting transparency
- Insider sales of Class A shares totaling 102,083 shares (83,333 + 18,750), which reduce the reporting person's holdings in those lots
- 8,414 previously reported RSUs remain subject to vesting, indicating potential future dilution upon vesting
Insights
TL;DR: Insider sales executed under a 10b5-1 plan converted Class B to Class A and reduced reported holdings in those lots.
The transactions are routine in structure: conversion of Class B shares to Class A followed by sales effected under a Rule 10b5-1 plan adopted December 13, 2024. The filing provides weighted average prices for the sold lots and confirms the reporting person will provide allocation details on request. From an investor perspective, these are scheduled plan sales rather than ad-hoc disposals, which typically reduces concerns about opportunistic timing. Material figures disclosed include 83,333 and 18,750 shares sold at weighted average prices of $35.1115 and $35.1107 respectively, and 8,414 previously reported RSUs remaining subject to vesting. Impact is neutral to modestly negative for share count dilution but not information-altering regarding company operations.
TL;DR: Sales followed a pre-established 10b5-1 plan and include disclaimers about indirect holdings; governance disclosure is standard and complete.
The Form 4 clearly states the transactions were made pursuant to a Rule 10b5-1 trading plan and includes required footnotes describing weighted average prices and indirect ownership disclaimers for SFTC, LLC. The report disclaims beneficial ownership of shares held by SFTC, LLC except to the extent of pecuniary interest, which is an important governance disclosure. The filing includes conversion mechanics for Class B to Class A shares and provides sufficient disclosure to satisfy Section 16 reporting norms. This is a routine insider disclosure with limited governance concern beyond the size of the holder.
Benjamin Silbermann, amministratore e segnalato come titolare del 10% di Pinterest, Inc. (PINS), ha effettuato operazioni il 13/08/2025 nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1. Parti delle sue azioni ordinarie di classe B sono state convertite in azioni di classe A e poi vendute. La comunicazione indica che 83.333 azioni sono state convertite e vendute a un prezzo medio ponderato di $35,1115 per azione, e ulteriori 18.750 azioni sono state convertite e vendute a un prezzo medio ponderato di $35,1107 per azione, riducendo tali lotti a 0 azioni detenute dalla persona interessata per quelle specifiche voci. Il rapporto riporta inoltre 8.414 unità di azioni vincolate già segnalate che restano soggette a vesting. La dichiarazione identifica le posizioni di detenzione indiretta dopo le operazioni, tra cui 36.236.894 azioni di classe A relative al Benjamin and Divya Silbermann Family Trust e 8.875.030 azioni di classe A relative a SFTC, LLC.
Benjamin Silbermann, director y reportado como propietario del 10% de Pinterest, Inc. (PINS), realizó operaciones el 13/08/2025 bajo un plan de negociación conforme a la Rule 10b5-1. Parte de sus acciones ordinarias Clase B fueron convertidas a Clase A y posteriormente vendidas. El informe muestra que 83.333 acciones se convirtieron y vendieron a un precio promedio ponderado de $35.1115 por acción, y otras 18.750 acciones se convirtieron y vendieron a un precio promedio ponderado de $35.1107 por acción, dejando esos lotes en 0 acciones en poder del declarante para esas anotaciones concretas. El reporte también revela 8.414 unidades restringidas ya informadas que permanecen sujetas a vesting. La presentación identifica las participaciones indirectas tras las transacciones, incluyendo 36.236.894 acciones Clase A asociadas al Benjamin and Divya Silbermann Family Trust y 8.875.030 acciones Clase A asociadas a SFTC, LLC.
Benjamin Silbermann는 Pinterest, Inc. (PINS)의 이사이자 보고상 10% 보유자로서 2025년 8월 13일 Rule 10b5-1 거래계획에 따라 거래를 실행했습니다. 그의 Class B 보통주 일부가 Class A로 전환된 뒤 매도되었습니다. 신고서에는 83,333주가 전환·매도되어 주당 가중평균 가격이 $35.1115였고, 추가로 18,750주가 전환·매도되어 주당 가중평균 가격이 $35.1107였으며, 해당 항목들은 보고자 보유 잔고가 0주로 감소했다고 나와 있습니다. 보고서에는 또한 여전히 베스팅 대상인 이전에 보고된 8,414개의 제한주(RSU)가 공개되어 있습니다. 거래 후 간접 보유 내역으로는 Benjamin and Divya Silbermann Family Trust 관련 36,236,894주 Class A와 SFTC, LLC 관련 8,875,030주 Class A가 포함되어 있습니다.
Benjamin Silbermann, administrateur et déclaré détenteur de 10 % de Pinterest, Inc. (PINS), a réalisé des opérations le 13/08/2025 dans le cadre d'un plan de trading Rule 10b5-1. Une partie de ses actions ordinaires de classe B a été convertie en actions de classe A puis vendue. Le dépôt indique que 83 333 actions ont été converties et vendues à un prix moyen pondéré de 35,1115 $ par action, et que 18 750 actions supplémentaires ont été converties et vendues à un prix moyen pondéré de 35,1107 $ par action, ramenant ces lots à 0 action détenue par le déclarant pour ces lignes spécifiques. Le rapport divulgue également 8 414 unités d'actions restreintes précédemment signalées qui restent soumises au vesting. Le dossier précise les participations indirectes après les transactions, y compris 36 236 894 actions de classe A liées au Benjamin and Divya Silbermann Family Trust et 8 875 030 actions de classe A liées à SFTC, LLC.
Benjamin Silbermann, Direktor und als 10%-Eigentümer von Pinterest, Inc. (PINS) gemeldet, führte am 13.08.2025 Transaktionen im Rahmen eines Rule-10b5-1-Handelsplans durch. Teile seiner Class-B-Stammaktien wurden in Class-A-Aktien umgewandelt und anschließend verkauft. Die Meldung zeigt, dass 83.333 Aktien umgewandelt und zu einem gewichteten Durchschnittspreis von $35,1115 je Aktie verkauft wurden, sowie weitere 18.750 Aktien zu einem gewichteten Durchschnittspreis von $35,1107 je Aktie, wodurch diese Bestände für die betreffenden Einträge auf 0 Aktien des Meldenden reduziert wurden. Der Bericht weist außerdem zuvor gemeldete, weiterhin der Vesting unterliegende 8.414 Restricted Stock Units aus. Nach den Transaktionen werden indirekte Beteiligungen angegeben, darunter 36.236.894 Class-A-Aktien des Benjamin and Divya Silbermann Family Trust und 8.875.030 Class-A-Aktien von SFTC, LLC.
FAQ
What shares did Benjamin Silbermann sell in the Form 4 for PINS?
At what prices were the PINS shares sold by the reporting person?
Were the transactions part of a pre-established trading plan for PINS?
How many vested or unvested shares remain reported for Silbermann after these transactions?
Does Silbermann claim beneficial ownership of shares held by SFTC, LLC?
