Form 4: Pinterest Executive Walcott Sells 11,627 Shares of Class A Common Stock
SEC Form 4 Filing
Pinterest's Chief Legal & Business Affairs Officer, Wanjiku Juanita Walcott, sold 11,627 shares of Class A Common Stock on May 28, 2024, at a weighted average price of $41.4211 per share.
Summary
- On May 28, 2024, Wanjiku Juanita Walcott, the Chief Legal & Business Affairs Officer of Pinterest, Inc., sold 11,627 shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan.
- The weighted average sale price was $41.4211 per share, with individual transactions ranging from $41.2500 to $41.6600.
- Following the transaction, Walcott directly owns 307,256 shares, including 71,476 shares of Class A Common Stock and 235,780 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an executive stock sale under a pre-arranged trading plan.
Future Outlook
NA
Industry Context
This is a routine disclosure of a stock sale by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of the transaction: sale of Class A Common Stock. |
| 05/29/2024 | Date of signature by Attorney-in-Fact. |
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