Form 4: Pinterest Director Jeremy S. Levine Acquires Over 8,000 Restricted Stock Units

Pinterest Director Jeremy S. Levine has acquired 8,414 Restricted Stock Units (RSUs) of Class A Common Stock, increasing his beneficial ownership to over 1.1 million shares.

Summary

• Jeremy S. Levine, a Director at Pinterest, Inc. (PINS), acquired 8,414 Restricted Stock Units (RSUs) of Class A Common Stock on May 23, 2025.
• The RSUs were acquired at a price of $30.9 per share, valuing this grant at approximately $259,902.60.
• Following this transaction, Mr. Levine's total beneficial ownership in Pinterest, Inc. stands at 1,165,107 shares, which includes other RSUs subject to vesting conditions.
• These newly acquired RSUs are scheduled to vest in full on the earlier of May 23, 2026, or the date immediately prior to the Company's next regular annual stockholders meeting, subject to continued service.
• Immediate vesting in full will occur upon the consummation of a change in control.

Sentiment

Score: 7

Explanation: The acquisition of RSUs by a director is generally a positive signal as it aligns management's interests with shareholders, though it is a compensation event rather than an open market purchase.

Positives

• The acquisition of Restricted Stock Units (RSUs) by a director aligns their financial interests with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.
• The grant of RSUs is a common form of equity compensation, indicating continued commitment and incentivization of key personnel.

Future Outlook

The acquired Restricted Stock Units are set to vest in full on the earlier of May 23, 2026, or the date immediately preceding Pinterest's next regular annual stockholders meeting, contingent on continued service. Full vesting will also occur immediately upon a change in control.

Industry Context

This filing is a routine disclosure of insider equity compensation, common across publicly traded companies, particularly in the technology and social media sectors, to incentivize and retain directors and executives.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial incentives with shareholder value creation, as the value of the compensation is tied to the company's stock performance.

Next Steps

• Continued service of Jeremy S. Levine as a Director at Pinterest, Inc. to meet vesting conditions.
• Vesting of the 8,414 Restricted Stock Units on or before May 23, 2026.

Key Dates

Keywords

Pinterest, PINS, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Director Compensation, Equity Compensation, Beneficial Ownership