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 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 2, 2025, Benjamin Silbermann, a director of Pinterest, sold shares of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan.
• Silbermann sold 39,427 shares at an average price of $30.9916, and 43,906 shares at an average price of $31.5298 through the Benjamin and Divya Silbermann Family Trust.
• Additionally, 10,249 shares were sold at an average price of $31.0474, and 8,501 shares were sold at an average price of $31.5415 through SFTC, LLC.
• Silbermann also converted 83,333 shares of Class B Common Stock into Class A Common Stock in connection with the sale.
• Another 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.
• Silbermann indirectly owns 43,906 shares of Class A Common Stock through the Benjamin and Divya Silbermann Family Trust.
• Silbermann indirectly owns 8,501 shares of Class A Common Stock through SFTC, LLC.
• Silbermann indirectly owns 37,486,889 shares of Class B Common Stock through the Benjamin and Divya Silbermann Family Trust.
• Silbermann indirectly owns 9,156,280 shares of Class B Common Stock through SFTC, LLC.
• Silbermann directly owns 1,174,715 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The sales were executed under a pre-arranged Rule 10b5-1 trading plan, suggesting ongoing transactions may occur.

Industry Context

Directors and officers often use 10b5-1 plans to diversify their holdings and avoid accusations of insider trading. The sale itself is not necessarily indicative of the company's performance.

Comparison to Industry Standards

• Comparing Silbermann's transactions to other tech executives' sales, the volume and price range are within typical ranges for pre-planned sales.
• For example, similar sales are often seen at companies like Meta (META) and Alphabet (GOOGL) where executives have large equity positions.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Benjamin Silbermann, Pinterest, PINS, Class A Common Stock, Class B Common Stock, Rule 10b5-1 trading plan, Director, Sale of shares, Beneficial ownership