Pinterest director Benjamin Silbermann sells $2.18m in stock

Benjamin Silbermann, a director and 10% owner of Pinterest, sold shares of the company's Class A Common Stock on August 18 and 19, 2026, for approximately $2.18 million. The transactions were executed under a pre-arranged Rule 10b5-1 trading plan. This follows the stock's 32% return over the past six months, though it remains down 34% over the previous year.

InvestingPro analysis indicates the stock is undervalued at its current price of $23.39, with potential upside. On both sale days, Silbermann sold 46,875 shares, which were converted from Class B to Class A Common Stock and held indirectly by the Benjamin and Divya Silbermann Family Trust. Following the sales, the family trust no longer holds the sold Class A Common Stock, while Silbermann retains 13,996 shares directly and maintains indirect holdings of Class B Common Stock through various entities.

Pinterest reported strong Q2 revenue growth of 18% year-over-year, outpacing analyst expectations, with benefits from the World Cup and Prime Day, along with strong domestic and Canadian performance. Analysts have raised their price targets for Pinterest, with Mizuho increasing its guidance for 2026 adjusted EBITDA margin. Additionally, Pinterest appointed Renee Jewell as chief accounting officer, effective August 26, 2026, enhancing its financial and operational performance.