Pinterest (NYSE: PINS) CBO sells 60,983 Class A shares at $20.77
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. Chief Business Officer Claude Leonard Brown sold 60,983 shares of Class A Common Stock in an open-market transaction on May 6, 2026 at a weighted average price of $20.7735 per share. Following this sale, he directly holds 1,282,900 shares, which include restricted stock units that are subject to vesting conditions. The reported sale price reflects multiple trades executed between $20.795 and $20.99 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 60,983 shares ($1,266,830)
Net Sell
1 txn
Insider
Brown Claude Leonard
Role
Chief Business Officer
Sold
60,983 shs ($1.27M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 60,983 | $20.7735 | $1.27M |
Holdings After Transaction:
Class A Common Stock — 1,282,900 shares (Direct, null)
Footnotes (1)
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.795 to $20.99 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. Includes restricted stock units that are subject to vesting conditions.
Key Figures
Shares sold: 60,983 shares
Average sale price: $20.7735 per share
Post-transaction holdings: 1,282,900 shares
+1 more
4 metrics
Shares sold
60,983 shares
Open-market sale of Class A Common Stock on May 6, 2026
Average sale price
$20.7735 per share
Weighted average price for the reported sale transactions
Post-transaction holdings
1,282,900 shares
Direct holdings after sale, including restricted stock units
Price range of trades
$20.795 to $20.99 per share
Range of prices for individual sale transactions
Key Terms
Class A Common Stock, weighted average sale price, restricted stock units, vesting conditions
4 terms
Class A Common Stock financial
"sold 60,983 shares of Class A Common Stock in an open-market transaction"
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.
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.
vesting conditions financial
"Includes restricted stock units that are subject to vesting conditions."
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
FAQ
What insider transaction did Pinterest (PINS) report for Claude Leonard Brown?
Pinterest reported that Chief Business Officer Claude Leonard Brown sold 60,983 shares of Class A Common Stock in an open-market transaction on May 6, 2026, at a weighted average price of $20.7735 per share, according to the Form 4 insider filing.
What type of transaction was reported in the Pinterest (PINS) Form 4?
The Form 4 reports an open-market sale of Pinterest Class A Common Stock by Chief Business Officer Claude Leonard Brown. The transaction is coded “S,” indicating a sale in the open market or a private transaction, and involves non-derivative equity securities.
Do Claude Leonard Brown’s Pinterest (PINS) holdings include restricted stock units?
Yes. A footnote states that his reported post-transaction holdings of 1,282,900 shares include restricted stock units. These units are subject to vesting conditions, so they convert into fully owned shares only if specified service or performance requirements are met.