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

Gokul Rajaram, a director at Pinterest, sold 1,150 shares of Class A Common Stock at $29.4 per share on September 18, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 18, 2024, Gokul Rajaram, a director of Pinterest, sold 1,150 shares of Class A Common Stock.
• The sale was executed at a price of $29.4 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Rajaram directly owns 34,836 shares of Class A Common Stock, which includes 28,562 shares and 6,274 Restricted Stock Units (RSUs).
• Rajaram also indirectly owns 3,957 shares through the Rajaram Family Revocable Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It is common for corporate insiders to set up 10b5-1 trading plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder confidence, but the effect is likely minimal due to the pre-planned nature of the transaction.

Key Dates