Form 4: Pinterest Director Gokul Rajaram Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Gokul Rajaram, a director at Pinterest, sold 1,934 shares of Class A Common Stock at a price of $34.0999 per share on March 20, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 20, 2024, Gokul Rajaram, a director of Pinterest, sold 1,934 shares of Class A Common Stock at $34.0999 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Rajaram directly owns 33,580 shares of Class A Common Stock, which includes 22,850 shares and 10,730 Restricted Stock Units (RSUs).
- Rajaram also indirectly owns 3,957 shares through the Rajaram Family Revocable Trust.
- Rajaram has granted Jacquie Katzel a Limited Power of Attorney to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale by a director, which is neutral in sentiment.
Industry Context
Directors often sell shares for personal financial management; sales under 10b5-1 plans are common and pre-scheduled to avoid insider trading concerns.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2024-02-22 | Date of execution of the Limited Power of Attorney. |
| 2024-03-20 | Date of the transaction (sale of shares). |
| 2024-03-22 | Date of signature on the Form 4 filing. |
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