Pinterest (PINS) Stock: Co-Founder Cashes Out $2.2M as CFO Walks Out
TLDR
- Co-founder Benjamin Silbermann sold 93,750 Pinterest stock worth ~$2.2 million on Aug. 25-26 via a pre-planned 10b5-1 trading plan.
- CFO Julia Brau Donnelly is resigning to join a private company; Vikram Naidu steps in as interim Principal Financial Officer from Oct. 30.
- Baird reiterated a Neutral rating and $26 price target following the CFO news.
- PINS stock is down 35% over the trailing 12 months, currently trading around $23.66.
- Q2 revenue grew 18% year-over-year to $1.2 billion, but Q3 guidance of 13-15% growth disappointed Wall Street.
Pinterest (PINS) has had a rough weekend. The company disclosed both a major insider stock sale and a CFO departure on the same Friday, sending a mixed message to investors already sitting on a 35% loss over the past year.
PINS was trading at $23.66 as of the Aug. 25 market close.
Co-founder and Chair Benjamin Silbermann sold 93,750 Pinterest stock for roughly $2.2 million on Aug. 25 and 26, 2026. The weighted average sale price came in at $23.55. The sale was executed through the Benjamin and Divya Silbermann Family Trust, following a conversion of Class B Common Stock into Class A Common Stock.
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