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

Gokul Rajaram, a director at Pinterest, sold 1,934 shares of Class A Common Stock at $42.25 per share on May 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 15, 2024, Gokul Rajaram, a director of Pinterest, sold 1,934 shares of Class A Common Stock.
• The sale was executed at a price of $42.25 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Rajaram directly owns 29,712 shares of Class A Common Stock, which includes 18,982 shares and 10,730 Restricted Stock Units (RSUs).
• Rajaram also indirectly owns 3,957 shares through the Rajaram Family Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the insider planned the transaction in advance.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder confidence, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates