Sec Form 3 Filing - Gavini Naveen @ PINTEREST, INC. - 2021-02-25

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Gavini Naveen
2. Issuer Name and Ticker or Trading Symbol
PINTEREST, INC. [ PINS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Products
(Last) (First) (Middle)
505 BRANNAN ST.
3. Date of Earliest Transaction (MM/DD/YY)
02/25/2021
(Street)
SAN FRANCISCO, CA94107
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock ( 1 ) 661,412 ( 2 ) ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B common stock ( 1 ) ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 116,662 ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gavini Naveen
505 BRANNAN ST.
SAN FRANCISCO, CA94107
SVP, Products
Signatures
Monifa Clayton, Attorney-in-Fact 03/09/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each share of Class B common stock, par value $0.00001 (Class B Common Stock) is convertible at any time at the option of the holder into one share of the Company's Class A common stock, par value $0.00001 (Class A Common Stock). Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer.
( 2 )These securities consist of 46,241 shares of Class A Common Stock and 615,171 shares of Class A Common Stock subject to certain restrictions, which were granted to the Reporting Person as Restricted Stock Awards (RSAs). Upon vesting, each share of Class A Common Stock subject to the RSAs will cease to be forfeitable or subject to transfer restrictions.
( 3 )The Reporting Person was granted RSAs on April 7, 2020, for which: (i) 33,507 RSAs will vest on March 20, 2021; (ii) 39,237 RSAs will vest at the end of each three-month period occurring during the period commencing June 20, 2021 and ending on March 20, 2022; (iii) 46,187 RSAs will vest on each of June 30, 3022 and September 20, 2022; (iv) 47,333 RSAs will vest on December 20, 2022; (v) 54,241 RSAs will vest on March 20, 2023; and (vi) 57,692 RSAs will vest at the end of each three-month period occurring during the period commencing June 20, 2023 and ending on March 20, 2024, subject to the Reporting Person's continued service through each such date.
( 4 )These securities consist of 116,662 unvested Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of Class B Common Stock, subject to vesting.
( 5 )The Reporting Person was granted RSUs on March 28, 2019, for which 3,125 RSUs will vest at the end of each three-month period ending on March 20, 2023, subject to the Reporting Person's continued service through each such date.
( 6 )The Reporting Person was granted RSUs on February 5, 2019, for which 6,250 RSUs will vest at the end of each three-month period ending on December 20, 2022, subject to the Reporting Person's continued service through each such date.
( 7 )The Reporting Person was granted RSUs on October 27, 2018 for which 725 RSUs will vest at the end of each three-month period ending on September 20, 2022, subject to the Reporting Person's continued service through each such date.
( 8 )The Reporting Person was granted RSUs on October 27, 2018 for which 316 RSUs will vest at the end of each three-month period ending on September 20, 2022, subject to the Reporting Person's continued service through each such date.
( 9 )The Reporting Person was granted RSUs on April 30, 2018 for which 6,250 RSUs will vest at the end of each three-month period ending on March 20, 2023, subject to the Reporting Person's continued service through each such date.

Remarks:
Exhibit 24 - Power of Attorney

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