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

Gokul Rajaram, a director at Pinterest, sold 1,150 shares of Class A Common Stock at a price of $39.19 per share on February 19, 2025, under a pre-arranged trading plan.

Summary

• On February 19, 2025, Gokul Rajaram, a director of Pinterest, sold 1,150 shares of Class A Common Stock.
• The sale was executed at a price of $39.19 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Rajaram directly owns 29,086 shares of Class A Common Stock, which includes restricted stock units subject to vesting requirements.
• Rajaram also indirectly owns 3,957 shares through the Rajaram Family Revocable Trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a pre-planned stock sale by a director. The use of a 10b5-1 plan mitigates potential negative interpretations.

Industry Context

This is a routine disclosure of an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but the use of a 10b5-1 plan suggests the sale was pre-planned and not based on current insider information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates this.

Key Dates

Keywords

Form 4, PINS, Pinterest, Gokul Rajaram, Insider Trading, Stock Sale, Class A Common Stock, Rule 10b5-1