Pinterest: Silbermann trust sells 46,875 shares twice

The disclosed sale-price ranges were $22.34–$22.83 per share on October 20 and $22.68–$23.11 per share on October 21.

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Rhea-AI Filing Summary

Pinterest, Inc. reported that the Benjamin and Divya Silbermann Family Trust converted 46,875 shares of Class B Common Stock into Class A Common Stock on each of October 20 and October 21, 2026, in connection with sales of 46,875 Class A shares on each date. The trust’s weighted-average sale prices were $22.5596 per share on October 20 and $22.9408 per share on October 21. The sales were made under a Rule 10b5-1 trading plan adopted by Benjamin Silbermann, a director and 10% owner, on February 27, 2026.

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 ($2.13M)

Approx. gross sale proceeds $2.13M

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	$22.9408	$1.08M
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	$22.5596	$1.06M
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 — 33,955,638 contracts (Indirect, Benjamin and Divya Silbermann Family Trust); Class A Common Stock — 46,875 shares (Indirect, Benjamin and Divya Silbermann Family Trust); Class B Common Stock — 8,762,530 contracts (Indirect, SFTC, LLC); Class B Common Stock — 1,174,715 contracts (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 $22.34 to $22.83 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 $22.68 to $23.11 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

Class A shares sold: 46,875 shares Weighted-average sale price: $22.5596 per share Class B shares converted: 46,875 shares +3 more

6 metrics

Class A shares sold 46,875 shares October 20, 2026

Weighted-average sale price $22.5596 per share October 20, 2026

Class B shares converted 46,875 shares Converted into Class A Common Stock on October 20, 2026, in connection with the sale

Class A shares sold 46,875 shares October 21, 2026

Weighted-average sale price $22.9408 per share October 21, 2026

Class B shares converted 46,875 shares Converted into Class A Common Stock on October 21, 2026, in connection with the sale

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, Class B Common Stock

3 terms

Rule 10b5-1 trading plan regulatory

"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

"conversion of shares of Class B Common Stock"

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.

FAQ

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How many PINS shares did the Silbermann family trust sell, and at what prices?

The Benjamin and Divya Silbermann Family Trust sold 46,875 Class A shares on October 20, 2026, at a weighted-average price of $22.5596 per share, and 46,875 shares on October 21, 2026, at a weighted-average price of $22.9408 per share. Both sales were made under a Rule 10b5-1 trading plan adopted by Benjamin Silbermann on February 27, 2026.

What price ranges applied to the PINS shares sold by the trust?

The 46,875 shares sold on October 20, 2026, were sold in multiple transactions at prices ranging from $22.34 to $22.83 per share. The 46,875 shares sold on October 21, 2026, were sold in multiple transactions at prices ranging from $22.68 to $23.11 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 04:33 PM EDT Accepted by SEC EDGAR 10/21/2026 - 04:28 PM EDT

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
Estimated average burden
hours per response:			0.5

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

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

CALIFORNIA

94107

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/20/2026		C⁽¹⁾		46,875	A	$0	46,875	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	10/20/2026		S⁽²⁾		46,875	D	$22.5596⁽³⁾	0	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	10/21/2026		C⁽¹⁾		46,875	A	$0	46,875	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock	10/21/2026		S⁽²⁾		46,875	D	$22.9408⁽⁴⁾	46,875	I	Benjamin and Divya Silbermann Family Trust
Class A Common Stock								13,996⁽⁵⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁶⁾	10/20/2026		C			46,875	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	46,875	$0	34,002,513	I	Benjamin and Divya Silbermann Family Trust
Class B Common Stock	⁽⁶⁾	10/21/2026		C			46,875	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	46,875	$0	33,955,638	I	Benjamin and Divya Silbermann Family Trust
Class B Common Stock	⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	Class A Common Stock	8,762,530		8,762,530	I	SFTC, LLC⁽⁷⁾
Class B Common Stock	⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	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 February 27, 2026.

3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.34 to $22.83 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 $22.68 to $23.11 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. Represents previously reported RSUs that are subject to vesting requirements.

6. 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.

7. 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.

Remarks:

	Jacquie Katzel, Attorney-in-Fact	10/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR