Matthew Madrigal, Chief Product and Technology Officer of Pinterest, Inc., filed a statement of changes in beneficial ownership on August 24, 2026, reporting a transaction dated August 20, 2026, involving Class A Common Stock.

Key Highlights

  • Reporting person: Matthew Madrigal, identified as Chief Product and Technology Officer of Pinterest, Inc. (NYSE:PINS).
  • Transaction type: 27,343 shares of Class A Common Stock were disposed of under transaction code F at a price of $23.23 per share on August 20, 2026.
  • Purpose of disposal: According to the filing, the shares were withheld by the company to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported Restricted Stock Units (RSUs).
  • Remaining beneficial ownership: Following the transaction, Madrigal beneficially owned 1,577,503 shares of Class A Common Stock directly, a figure that, per the filing, includes RSUs subject to vesting conditions.
  • Filing agent: The form was signed by Jacquie Katzel as Attorney-in-Fact on August 24, 2026.

RSU Settlement Triggers Share Withholding for Pinterest Executive

According to the filing, Matthew Madrigal's transaction on August 20, 2026, was not an open-market sale. Rather, 27,343 shares of Pinterest Class A Common Stock were withheld directly by the company to cover income tax withholding and remittance obligations arising from the vesting and net settlement of previously reported RSUs. This type of transaction, coded "F" in the filing, is a standard mechanism companies use to settle an executive's tax liability at the time equity awards vest, without requiring the individual to sell shares independently on the market.

Pinterest, Inc. is a visual discovery and social media platform that generates revenue primarily through digital advertising. Madrigal holds the title of Chief Product and Technology Officer, placing him among the company's senior leadership responsible for product development and engineering direction. Following the reported withholding, his direct beneficial ownership stood at 1,577,503 shares of Class A Common Stock, a total the filing notes includes RSUs that remain subject to vesting conditions. No derivative securities transactions were reported in the filing.

What Was Disclosed

The filing reported a single disposition of 27,343 Class A Common Stock shares at $23.23 per share by Pinterest's Chief Product and Technology Officer, reflecting a tax withholding event tied to RSU vesting, with 1,577,503 shares remaining in direct beneficial ownership afterward.