Form 4: Pinterest Executive Matthew Madrigal Sells Shares to Cover Tax Obligations

Chief Technology Officer of Pinterest, Matthew Madrigal, sold shares of Class A Common Stock to cover income tax obligations related to vesting of Restricted Stock Units.

Summary

• On May 20, 2025, Matthew Madrigal, the Chief Technology Officer of Pinterest, sold 27,289 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, Madrigal beneficially owns 448,823 shares, which includes RSUs subject to vesting conditions.

Sentiment

Score: 6

Explanation: This Form 4 filing represents a routine transaction. It's neutral in sentiment as it reflects standard executive compensation practices.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This is a routine transaction where an executive sells shares to cover tax obligations related to equity compensation. It's a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a standard practice across publicly traded companies.
• Comparing Madrigal's holdings and transactions to those of other CTOs in similar tech companies (e.g., Snap, Twitter (now X), Meta) would provide a benchmark, but this data isn't available in this document.
• The percentage of shares sold relative to total holdings is a key metric to compare against industry norms.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders as it's a standard practice.
• Employees may see it as a normal part of executive compensation.

Key Dates

Keywords

Form 4, PINS, Pinterest, Matthew Madrigal, Class A Common Stock, Restricted Stock Units, RSUs, Tax Withholding, Beneficial Ownership, SEC Filing