Sec Form 4 Filing - Silbermann Benjamin @ PINTEREST, INC. - 2023-01-11

FORM 4 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 Silbermann Benjamin 2. Issuer Name and Ticker or Trading Symbol PINTEREST, INC. [ PINS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Chairman, Co-F (Last) (First) (Middle) C/O PINTEREST, INC., 505 BRANNAN STREET 3. Date of Earliest Transaction (MM/DD/YY) 01/11/2023 (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 ) 01/11/2023 C( 2 ) 150,000 A $ 0 150,000 D Class A Common Stock 01/11/2023 S( 3 ) 150,000 D $ 26.5 0 D Class A Common Stock( 1 ) 01/12/2023 C( 2 ) 150,000 A $ 0 150,000 D Class A Common Stock 01/12/2023 S( 3 ) 150,000 D $ 26.68 0 D Class A Common Stock( 1 ) 01/13/2023 C( 4 ) 23,704 A $ 0 23,704 D Class A Common Stock 01/13/2023 S( 3 ) 23,704 D $ 26.5 0 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 Stock Option $ 1.878 01/11/2023 M 150,000 ( 5 ) 04/24/2023 Class B common stock 150,000 $ 0 173,704 D Class B common stock ( 1 ) 01/11/2023 M 150,000 ( 1 ) ( 1 ) Class A Common Stock 150,000 $ 0 1,676,534( 6 ) D Class B common stock ( 1 ) 01/11/2023 C 150,000 ( 1 ) ( 1 ) Class A Common Stock 150,000 $ 0 1,526,534( 7 ) D Stock Option $ 1.878 01/12/2023 M 150,000 ( 5 ) 04/24/2023 Class B common stock 150,000 $ 0 23,704 D Class B common stock ( 1 ) 01/12/2023 M 150,000 ( 1 ) ( 1 ) Class A Common Stock 150,000 $ 0 1,676,534( 6 ) D Class B common stock ( 1 ) 01/12/2023 C 150,000 ( 1 ) ( 1 ) Class A Common Stock 150,000 $ 0 1,526,534( 7 ) D Stock Option $ 1.878 01/13/2023 M 23,704 ( 5 ) 04/24/2023 Class B common stock 23,704 $ 0 0 D Class B common stock ( 1 ) 01/13/2023 M 23,704 ( 1 ) ( 1 ) Class A Common Stock 23,704 $ 0 1,550,238( 8 ) D Class B common stock ( 1 ) 01/13/2023 C 23,704 ( 1 ) ( 1 ) Class A Common Stock 23,704 $ 0 1,526,534( 7 ) D Class B common stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 38,916,888 37,736,888 I Benjamin and Divya Silbermann Family Trust Class B common stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 9,960,030 9,960,030 I SFTC, LLC( 9 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Silbermann Benjamin C/O PINTEREST, INC. 505 BRANNAN STREET SAN FRANCISCO, CA94107 X X Executive Chairman, Co-F Signatures Monifa Clayton, Attorney-in-Fact 01/13/2023 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 )Represents the conversion of 150,000 shares of Class B Common Stock into 150,000 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. ( 3 )The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. ( 4 )Represents the conversion of 23,704 shares of Class B Common Stock into 23,704 shares of Class A Common Stock pursuant to a conversion election made by the Reporting Person to convert shares in connection with sales to be effected pursuant to a Rule 10b5-1 trading plan. ( 5 )All stock options are fully vested and exercisable. ( 6 )These securities consist of 976,533 shares of Class B common stock and 700,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. ( 7 )These securities consist of 826,533 shares of Class B common stock and 700,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. ( 8 )These securities consist of 850,237 shares of Class B common stock and 700,001 previously reported Restricted Stock Units (RSUs). Each RSU represents the Reporting Person's right to receive one share of common stock, subject to vesting. ( 9 )Mr. Silbermann disclaims beneficial ownership of the shares held by SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in The Silbermann 2012 Irrevocable Trust.

Remarks: The Power of Attorney for Mr. Benjamin Silbermann is filed as an exhibit to the Form 3/A filed by Mr. Silbermann with the Securities and Exchange Commission on April 18, 2019, which is hereby incorporated by reference.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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