# EDGAR Filing Document

**Accession Number:** 0001773914
**File Stem:** 0001506293-23-000003
**Filing Date:** 2023-1
**Character Count:** 14748
**Document Hash:** d28e18716b20cab11c7571551a6cd33e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001506293-23-000003.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001506293-23-000003

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230111

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Silbermann Benjamin
- **CENTRAL INDEX KEY:** 0001773914

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38872
- **FILM NUMBER:** 23529153

**MAIL ADDRESS:**
- **STREET 1:** 505 BRANNAN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PINTEREST, INC.
- **CENTRAL INDEX KEY:** 0001506293
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 263607129
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 505 BRANNAN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
- **BUSINESS PHONE:** (415) 617-5585

**MAIL ADDRESS:**
- **STREET 1:** 505 BRANNAN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pinterest, Inc.
- **DATE OF NAME CHANGE:** 20120808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cold Brew Labs Inc.
- **DATE OF NAME CHANGE:** 20101122

## Ex-24

```
<pre>
Limited Power of Attorney

    The undersigned officer and/or director of Pinterest, Inc. (the "Company") hereby constitutes and appoints each of Monifa
Clayton and Christine Flores, signing singly, the undersigned's true and lawful attorney-in-fact to:

1)    execute for and on behalf of the undersigned, in the undersigned's capacity as an officer, director and/or 10%
shareholder of the Company, any and all Forms 3, 4 and 5 prepared for and on behalf of the undersigned pursuant to
Section 16(a) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder (the
"Exchange Act");

2)    do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4 or 5, complete and execute any amendment or amendments thereto and to timely file
such forms with the United States Securities and Exchange Commission (the "SEC") and any stock exchange or similar
authority;

3)    prepare, execute in my name and on my behalf, and submit to the SEC a Form ID, including amendments thereto, and
any other documents necessary or appropriate to obtain and/or regenerate codes and passwords enabling me to make
electronic filings with the SEC of reports required by Section 16(a) of the Exchange Act, or any rule or regulation of
the SEC; and

4)    take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-
in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the
documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney
shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

    The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act
and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or
revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

    This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms
3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier
revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

    By signing below, the undersigned does hereby revoke any and all other power of attorney documents previously and
otherwise executed in connection with the undersigned's obligations as an officer, director and/or 10% shareholder of the
Company to prepare and file Forms 3, 4 and 5, or other forms or reports, or any amendment or amendments thereto, with the SEC
and any stock exchange or similar authority, pursuant to Section 16(a) of the Exchange Act.  The undersigned hereby gives notice
to all who have received, relied on or acted upon such previously executed power of attorney documents and all other interested
parties that the undersigned withdraws every power and authority thereby given and declares such power of attorney documents
null and void and of no further force or effect.

        IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be executed as of this 14th
day of April, 2019.

/s/ Benjamin Silberman
----------------------------------------
Signature

Benjamin Silberman
----------------------------------------
Print Name
</pre>
```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Silbermann Benjamin<br><sub>(Last) (First) (Middle)</sub><br>C/O PINTEREST, INC.<br>505 BRANNAN STREET<br><sub>(Street)</sub><br>SAN FRANCISCO, CA 94107<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Executive Chairman, Co-F_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>PINTEREST, INC. [ PINS ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock<sup>(1)</sup> | 2023-01-11 |  | C<sup>(2)</sup> |  | 150000 | A | $0 | 150000 | D |  |
| Class A Common Stock | 2023-01-11 |  | S<sup>(3)</sup> |  | 150000 | D | $26.50 | 0 | D |  |
| Class A Common Stock<sup>(1)</sup> | 2023-01-12 |  | C<sup>(2)</sup> |  | 150000 | A | $0 | 150000 | D |  |
| Class A Common Stock | 2023-01-12 |  | S<sup>(3)</sup> |  | 150000 | D | $26.68 | 0 | D |  |
| Class A Common Stock<sup>(1)</sup> | 2023-01-13 |  | C<sup>(4)</sup> |  | 23704 | A | $0 | 23704 | D |  |
| Class A Common Stock | 2023-01-13 |  | S<sup>(3)</sup> |  | 23704 | D | $26.50 | 0 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option | $1.878 | 2023-01-11 |  | M |  |  | 150000 | <sup>(5)</sup> | 2023-04-24 | Class B common stock | 150000.0 | $0 | 173704 | D |  |
| Class B common stock | <sup>(1)</sup> | 2023-01-11 |  | M |  | 150000 |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 150000.0 | $0 | 1676534<sup>(6)</sup> | D |  |
| Class B common stock | <sup>(1)</sup> | 2023-01-11 |  | C |  |  | 150000 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 150000.0 | $0 | 1526534<sup>(7)</sup> | D |  |
| Stock Option | $1.878 | 2023-01-12 |  | M |  |  | 150000 | <sup>(5)</sup> | 2023-04-24 | Class B common stock | 150000.0 | $0 | 23704 | D |  |
| Class B common stock | <sup>(1)</sup> | 2023-01-12 |  | M |  | 150000 |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 150000.0 | $0 | 1676534<sup>(6)</sup> | D |  |
| Class B common stock | <sup>(1)</sup> | 2023-01-12 |  | C |  |  | 150000 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 150000.0 | $0 | 1526534<sup>(7)</sup> | D |  |
| Stock Option | $1.878 | 2023-01-13 |  | M |  |  | 23704 | <sup>(5)</sup> | 2023-04-24 | Class B common stock | 23704.0 | $0 | 0 | D |  |
| Class B common stock | <sup>(1)</sup> | 2023-01-13 |  | M |  | 23704 |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 23704.0 | $0 | 1550238<sup>(8)</sup> | D |  |
| Class B common stock | <sup>(1)</sup> | 2023-01-13 |  | C |  |  | 23704 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 23704.0 | $0 | 1526534<sup>(7)</sup> | D |  |
| Class B common stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 38916888.0 |  | 37736888 | I | Benjamin and Divya Silbermann Family Trust |
| Class B common stock | <sup>(1)</sup> |  |  |  |  |  |  | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 9960030.0 |  | 9960030 | I | SFTC, LLC<sup>(9)</sup> |

---

### Footnotes:

(1) Each share of Class B common stock, par value $01 (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 $01 (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.

**Signature:** Monifa Clayton, Attorney-in-Fact  
**Date:** 2023-01-13

### Remarks:

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

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**