[SCHEDULE 13G/A] Pinterest, Inc. SEC Filing

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reports beneficial ownership of 22,274,015 shares of Pinterest Inc. Class A common stock, representing 3.7% of the class. The filing breaks down control: sole voting power over 21,932,129 shares and sole dispositive power over 22,258,489 shares, with no shared voting or dispositive power reported. The filer is classified as an investment adviser (IA).

The filing states these securities are held in the ordinary course of business and expressly disclaims acquisition for the purpose of changing or influencing control of the issuer. The statement also indicates the reporting is consistent with ownership of 5 percent or less of the class and that group affiliation and parent/subsidiary claims are not applicable in this filing. The form is signed on behalf of T. Rowe Price by an authorized officer.

Positive

• Detailed ownership disclosure: aggregate beneficial ownership of 22,274,015 shares is clearly stated
• Voting and dispositive powers specified: sole voting power of 21,932,129 and sole dispositive power of 22,258,489 are disclosed
• Filer classification provided: reporting person identified as an investment adviser (IA)
• Certification of ordinary-course holdings: filing affirms shares are not held to change or influence control

Negative

• Stake below 5%: reported 3.7% ownership is under the 5% threshold that often signals greater market or governance significance
• No indication of increased influence: filing denies intent to influence control and shows no group affiliation, implying limited immediate governance impact

Insights

Financial Analyst

T. Rowe Price discloses a 3.7% passive stake in Pinterest with clear voting and dispositive counts; impact appears neutral.

T. Rowe Price reports an aggregate beneficial holding of 22,274,015 shares, with sole voting power over 21,932,129 shares and sole dispositive power over 22,258,489 shares. The filer is identified as an investment adviser and certifies the holdings are in the ordinary course of business and not intended to influence control. Given the stake is under 5% and the filing is a Schedule 13G, the disclosure is informative about ownership but does not indicate an active control campaign or a change in governance dynamics.

Corporate Governance Expert

Disclosure provides precise voting/dispositive breakdown and denies control intent; governance impact is limited.

The filing specifies sole voting and dispositive authority for the vast majority of reported shares and explicitly states no shared powers or group affiliations. Item responses indicate ownership falls within the 5 percent-or-less category and related group and parent/subsidiary fields are not applicable. The included certification that securities are not held to influence control reinforces a passive reporting posture, reducing immediate governance implications for Pinterest.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PINTEREST INC- CLASS A

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

72352L106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 72352L106

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,932,129.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 22,258,489.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,274,015.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PINTEREST INC- CLASS A
(b)	Address of issuer's principal executive offices: 651 BRANNAN STREET, SAN FRANCISCO, CA, 94107
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 72352L106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 22274015
(b)	Percent of class: 3.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 21932129
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 22258489
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2025

FAQ

How many Pinterest (PINS) shares does T. Rowe Price report owning?

T. Rowe Price reports beneficial ownership of 22,274,015 shares of Pinterest Class A common stock.

What percentage of Pinterest does T. Rowe Price's holding represent?

The filing states this position represents 3.7% of the Class A common stock.

What voting and dispositive powers does T. Rowe Price hold for PINS?

The filer reports sole voting power over 21,932,129 shares and sole dispositive power over 22,258,489 shares; shared powers are reported as 0.

How is T. Rowe Price classified in the filing?

The reporting person is classified as an investment adviser (IA).

Is T. Rowe Price holding the shares to influence control of Pinterest?

No. The filing certifies the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.

Does the filing indicate any group affiliation or parent/subsidiary acquisition?

No. The filing indicates not applicable for group membership and parent/subsidiary acquisition identification.