Form 4: Pinterest Director Gokul Rajaram Granted Over 8,000 Restricted Stock Units

Pinterest, Inc. Director Gokul Rajaram was granted 8,414 Restricted Stock Units (RSUs) on May 23, 2025, valued at $30.9 per unit, increasing his total beneficial ownership.

Summary

• Gokul Rajaram, a Director at Pinterest, Inc. (PINS), acquired 8,414 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on May 23, 2025.
• The transaction price for these RSUs was $30.9 per unit.
• These RSUs are scheduled to vest in full on the earlier of May 23, 2026, or the date immediately prior to the Company's next regular annual stockholders meeting, subject to continued service.
• Immediate vesting in full will occur upon the consummation of a change in control.
• Each RSU represents the right to receive one share of Class A common stock.
• Following this transaction, Mr. Rajaram's direct beneficial ownership of Class A Common Stock is 34,050 shares, which includes RSUs subject to vesting conditions.
• Additionally, Mr. Rajaram indirectly beneficially owns 3,957 shares of Class A Common Stock through the Rajaram Family Revocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates a routine equity grant to a director, aligning their interests with shareholders and showing continued commitment to the company. There are no negative implications from this filing.

Positives

• The grant of Restricted Stock Units to a director aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• The acquisition of additional equity by an insider, even if through a grant, can signal confidence in the company's future prospects.

Future Outlook

The acquired Restricted Stock Units (RSUs) are set to vest fully on the earlier of May 23, 2026, or the date immediately preceding Pinterest's next regular annual stockholders meeting, contingent on continued service. Full vesting will also occur immediately upon a change in control of the company.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a standard practice in the technology and broader corporate sectors for executive and board compensation. It serves to incentivize long-term commitment and align the interests of the board member with the company's performance and shareholder value.

Related Party Transactions

• Gokul Rajaram indirectly beneficially owns 3,957 shares of Class A Common Stock through the Rajaram Family Revocable Trust, which is a common arrangement for personal asset management.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The Restricted Stock Units (RSUs) will vest on the earlier of May 23, 2026, or the date immediately prior to the Company's next regular annual stockholders meeting, subject to continued service.

Key Dates

Keywords

Pinterest, PINS, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Gokul Rajaram