Pinterest (PINS) director’s trust sells shares over two days
Rhea-AI Filing Summary
PINTEREST, INC. (PINS) reported that director and ten percent owner Benjamin Silbermann, through the Benjamin and Divya Silbermann Family Trust, converted and sold Class B/Common shares over two days under a Rule 10b5-1 trading plan. On August 25 and 26, 2026, the trust converted 46,875 shares of Class B Common Stock into 46,875 shares of Class A Common Stock each day and then sold the corresponding 46,875 Class A shares on each date at weighted average prices in the $23–$24 per share range. Footnotes state each Class B share is convertible into one Class A share and note that shares held by SFTC, LLC are owned by a trust for Silbermann’s family, with Silbermann disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Silbermann Benjamin
Role
Director, 10% Owner
Sold
93,750 shs ($2.21M)
Approx. gross sale proceeds
$2.21M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6 | 46,875 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 46,875 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F4 | 46,875 | $23.5686 | $1.10M |
| Conversion | Class B Common Stock F6 | 46,875 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 46,875 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3 | 46,875 | $23.5281 | $1.10M |
| holding | Class B Common Stock F6, F7 | -- | -- | -- |
| holding | Class B Common Stock F6 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 34,705,638 shares (Indirect, Benjamin and Divya Silbermann Family Trust);
Class A Common Stock — 0 shares (Indirect, Benjamin and Divya Silbermann Family Trust);
Class B Common Stock — 8,762,530 shares (Indirect, SFTC, LLC);
Class B Common Stock — 1,174,715 shares (Direct);
Class A Common Stock — 13,996 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.305 to $23.77 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.
- F4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.21 to $23.79 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.
- F5. Represents previously reported RSUs that are subject to vesting requirements.
- F6. 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.
- F7. 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
Shares sold August 25, 2026: 46,875 shares of Class A Common Stock
Weighted average sale price August 25, 2026: $23.5281 per share
Shares sold August 26, 2026: 46,875 shares of Class A Common Stock
+5 more
8 metrics
Shares sold August 25, 2026
46,875 shares of Class A Common Stock
Sale by Benjamin and Divya Silbermann Family Trust on 2026-08-25
Weighted average sale price August 25, 2026
$23.5281 per share
Class A shares sold in multiple transactions ranging from $23.305 to $23.77
Shares sold August 26, 2026
46,875 shares of Class A Common Stock
Sale by Benjamin and Divya Silbermann Family Trust on 2026-08-26
Weighted average sale price August 26, 2026
$23.5686 per share
Class A shares sold in multiple transactions ranging from $23.21 to $23.79
Shares converted per day
46,875 shares of Class B converted to 46,875 shares of Class A
Conversions on each of 2026-08-25 and 2026-08-26 in connection with sales
Indirect derivative position via SFTC, LLC
8,762,530 underlying shares of Class A Common Stock
Class B Common Stock held indirectly, each share convertible into one Class A share
Direct derivative position
1,174,715 underlying shares of Class A Common Stock
Class B Common Stock held directly, each share convertible into one Class A share
Unvested RSUs as Class A shares
13,996 shares of Class A Common Stock
Previously reported RSUs subject to vesting requirements
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Class B Common Stock, Class A Common Stock, +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.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time"
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 one share of the Class A Common Stock."
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
"Mr. Silbermann 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.
FAQ
What did Benjamin Silbermann report in this Form 4 for PINS?
Benjamin Silbermann reported conversions of Class B into Class A shares and subsequent sales of 46,875 Class A shares on each of August 25 and 26, 2026, carried out indirectly through the Benjamin and Divya Silbermann Family Trust.
Were Silbermann’s Pinterest (PINS) trades under a Rule 10b5-1 plan?
Yes. Footnotes state the conversions and sales were effected pursuant to a Rule 10b5-1 trading plan, and that the sales were made under a plan adopted by the reporting person on February 27, 2026.
What other Pinterest (PINS) equity awards are mentioned for Silbermann?
A holding line shows 13,996 shares of Class A Common Stock representing previously reported RSUs that remain subject to vesting requirements, indicating unvested restricted stock units associated with Silbermann.
AI-generated analysis. How Rhea-AI works. Not financial advice.
