Form 4: Pinterest Director Benjamin Silbermann Sells Shares Under 10b5-1 Trading Plan

Benjamin Silbermann, a director at Pinterest, executed sales of Class A Common Stock on March 26, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 26, 2025, Benjamin Silbermann, a director of Pinterest, sold shares of Class A Common Stock.
• The sales were conducted under a Rule 10b5-1 trading plan.
• A total of 73,689 shares were sold at a weighted average price of $33.619, with prices ranging from $33.24 to $34.235 per share.
• An additional 9,644 shares were sold at a weighted average price of $34.3717, with prices ranging from $34.24 to $34.56 per share.
• Furthermore, 16,350 shares were sold at a weighted average price of $33.6118, with prices ranging from $33.24 to $34.23 per share.
• Another 2,400 shares were sold at a weighted average price of $34.3854, with prices ranging from $34.24 to $34.545 per share.
• Silbermann also converted 83,333 shares of Class B Common Stock into Class A Common Stock in connection with the sale.
• An additional conversion of 18,750 shares of Class B Common Stock into Class A Common Stock also occurred in connection with the sale.
• Following these transactions, Silbermann directly owns 6,274 shares of Class A Common Stock.
• He also indirectly owns shares through the Benjamin and Divya Silbermann Family Trust and SFTC, LLC.
• Silbermann disclaims beneficial ownership of shares held by SFTC, LLC, except to the extent of his pecuniary interest through family members' interests in The Silbermann 2012 Irrevocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, insider trading, Rule 10b5-1, Benjamin Silbermann, PINS, Pinterest, Class A Common Stock, Class B Common Stock, share sale