Pinterest director Benjamin Silbermann sold 93,750 shares of Class A common stock for approximately $1.92 million over two days in early November, according to Investing.com. The sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026.
Silbermann sold 46,875 shares on November 3, 2026, at prices ranging from $19.64 to $20.105 per share. He sold another 46,875 shares on November 4, 2026, at prices ranging from $20.47 to $21.23 per share.
The sales followed the conversion of an equal number of Class B shares into Class A shares. After the transactions, Silbermann directly holds 13,996 Class A shares and 1,174,715 Class B shares. The report also lists 33,861,888 Class B shares held through the Benjamin and Divya Silbermann Family Trust. It says he disclaims beneficial ownership of 8,762,530 Class B shares held through SFTC, LLC, except to the extent of his pecuniary interest through certain immediate family members' interests in The Silbermann 2012 Irrevocable Trust.
The report says Pinterest traded at $21.22 at the time, with shares down about 18% year to date. It also cites InvestingPro analysis describing the stock as undervalued, but that is the platform's assessment, not an independent finding.
In other recent news cited in the report, Pinterest reported third-quarter earnings that fell short of expectations, largely due to challenges in Europe. DA Davidson and KeyBanc each set a $25 price target, RBC Capital set $22, StoneX set $26, and Bernstein SocGen Group set $22. The report attributes these moves to analysts and cites Europe's de minimis exemption changes and cross-border advertiser challenges among the factors.