Form 4: Pinterest Director Gokul Rajaram Sells Shares Under 10b5-1 Plan

Director Gokul Rajaram of Pinterest sold 1,150 shares of Class A Common Stock at $30.98 per share on December 18, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Gokul Rajaram, a director at Pinterest, executed a sale of 1,150 shares of Class A Common Stock on December 18, 2024.
• The sale was conducted at a price of $30.98 per share.
• This transaction was made under a pre-established Rule 10b5-1 trading plan.
• Following the transaction, Rajaram directly owns 31,386 shares of Class A Common Stock.
• Rajaram also indirectly owns 3,957 shares through the Rajaram Family Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale by a director. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives and directors to use 10b5-1 plans to manage their stock sales to avoid accusations of insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The use of a 10b5-1 trading plan is a common method for executives to sell shares without being accused of trading on inside information, and is widely used by directors and officers of public companies such as Meta, Alphabet, and Amazon.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect due to the pre-planned nature of the transaction.

Key Dates

Keywords

insider trading, Form 4, Rule 10b5-1, stock sale, PINS, Pinterest, Gokul Rajaram, director