Form 4: Pinterest Executive Andrea Acosta Sells Shares to Cover Tax Obligations

Andrea Acosta, Chief Accounting Officer of Pinterest, sold shares of Class A Common Stock to cover income tax obligations related to vesting Restricted Stock Units.

Summary

• On May 20, 2025, Andrea Acosta, the Chief Accounting Officer of Pinterest, sold 7,592 shares of Class A Common Stock.
• The sale was executed to satisfy income tax withholding and remittance obligations related to the vesting and net settlement of previously reported Restricted Stock Units (RSUs).
• The price per share was $32.26.
• Following the transaction, Acosta directly owns 175,132 shares, which includes RSUs subject to vesting conditions.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's overall outlook.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives. This transaction is a routine part of executive compensation and tax management.

Comparison to Industry Standards

• Similar transactions are regularly reported by executives at comparable companies like Meta (META), Snap (SNAP), and Alphabet (GOOGL).
• These companies also use RSUs as part of their compensation packages, leading to similar patterns of share sales for tax purposes.
• The amount of shares sold and the price per share are within the typical range for such transactions among executives in the tech industry.

Key Dates

Keywords

Form 4, PINS, Pinterest, Andrea Acosta, Chief Accounting Officer, Class A Common Stock, Restricted Stock Units, RSUs, Tax Withholding, Beneficial Ownership, SEC Filing