[Form 4] Pinterest, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Benjamin Silbermann, a director and reported 10% owner of Pinterest, Inc. (PINS), reported multiple transactions dated 09/10/2025 on Form 4. The filing shows conversions of Class B common stock into Class A common stock and several sales executed pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024. Specifically, the report records the conversion of 83,333 Class B shares into Class A and the conversion of 18,750 Class B shares into Class A. The filing also discloses sales: 63,864 Class A shares sold at a weighted average price of $34.7987, 19,469 Class A shares sold at a weighted average price of $35.1825, and 18,750 Class A shares sold at $36.00. Certain shares are reported as held indirectly by the Benjamin and Divya Silbermann Family Trust and SFTC, LLC, with Mr. Silbermann disclaiming beneficial ownership of SFTC, LLC holdings except to the extent of any pecuniary interest.

Positive

• Transactions executed pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024, providing an affirmative defense for planned trades.
• Clear disclosure of conversions of Class B common stock into Class A common stock (83,333 and 18,750 shares) reported on 09/10/2025.
• Weighted-average sale prices disclosed for sold shares ($34.7987, $35.1825 and $36.00), with willingness to provide per-lot details upon request.

Negative

• Reported sales reduced directly held Class A shares (total reported sales of 63,864, 19,469 and 18,750 shares), lowering immediate direct beneficial ownership.
• Some reported holdings are held indirectly through the Benjamin and Divya Silbermann Family Trust and SFTC, LLC, with Mr. Silbermann disclaiming beneficial ownership of SFTC, LLC shares except for any pecuniary interest, which may complicate exact beneficial ownership assessment.

Insights

Corporate Governance Expert

TL;DR: Insider executed preplanned conversions and sales under a 10b5-1 plan; disclosures align with standard insider reporting obligations.

The Form 4 discloses routine insider activity: conversion of Class B to Class A and multiple sales executed under a Rule 10b5-1 plan adopted December 13, 2024. The report clarifies indirect ownership through a family trust and SFTC, LLC and includes customary disclaimers of beneficial ownership. These disclosures are important for transparency about voting-class conversions and changes in beneficial holdings but do not, by themselves, indicate undisclosed related-party transactions or governance changes.

Securities Analyst

TL;DR: Material share counts and weighted-average sale prices are disclosed; sales reduced directly reported Class A holdings.

The filing quantifies share movement: conversions totaling 102,083 Class B shares into Class A and aggregate reported sales of 102,083 Class A shares across multiple transactions with weighted-average prices of $34.7987, $35.1825 and $36.00. The use of a 10b5-1 plan explains the timing and mechanics of the disposals. Investors may use these precise numbers to update insider ownership calculations; the report supplies weighted-average prices and offers to provide per-lot details on request.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Silbermann Benjamin

(Last) (First) (Middle)

C/O PINTEREST, INC.

651 BRANNAN STREET

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PINTEREST, INC. [ PINS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/10/2025		C(1)		83,333	A	$0	83,333	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	09/10/2025		S(2)		63,864	D	$34.7987(3)	19,469	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	09/10/2025		S(2)		19,469	D	$35.1825(4)	0	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	09/10/2025		C(1)		18,750	A	$0	18,750	I	SFTC, LLC(5)
Class A Common Stock	09/10/2025		S(2)		18,750	D	$36	0	I	SFTC, LLC(5)
Class A Common Stock								8,414(6)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(7)	09/10/2025		C(1)			83,333	(7)	(7)	Class A Common Stock	83,333	$0	35,903,562	I	Benjamin and Divya Silbermann Family Trust
Class B Common Stock	(7)	09/10/2025		C(1)			18,750	(7)	(7)	Class A Common Stock	18,750	$0	8,800,030	I	SFTC, LLC(5)
Class B Common Stock	(7)							(7)	(7)	Class A Common Stock	1,174,715		1,174,715	D

Explanation of Responses:

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.

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024.

3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $34.5000 to $35.0450 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.

4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $35.0500 to $36.0500 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

5. 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.

6. Represents previously reported RSUs that are subject to vesting requirements.

7. 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.

Remarks:

	Jacquie Katzel, Attorney-in-Fact	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Benjamin Silbermann report on Form 4 for PINS?

The filing reports conversions of Class B to Class A and sales of Class A shares on 09/10/2025, executed under a Rule 10b5-1 plan.

How many shares were converted and sold according to the Form 4?

The Form 4 shows conversions of 83,333 and 18,750 Class B shares into Class A, and sales of 63,864, 19,469, and 18,750 Class A shares.

At what prices were the sold shares reported?

Sales were reported at weighted-average prices of $34.7987, $35.1825, and $36.00. Footnotes state the sales occurred in multiple transactions across price ranges.

Were the sales part of a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024.

Does Benjamin Silbermann claim ownership of all reported shares?

He disclaims beneficial ownership of shares held by SFTC, LLC except to the extent of any pecuniary interest and reports certain holdings as indirect via a family trust.