Pinterest Director Benjamin Silbermann Sells 93,750 Shares for $1.8 Million

Benjamin Silbermann, a director at Pinterest, sold 93,750 shares of the company's Class A Common Stock on September 15 and 16, 2026. The transaction, valued at $1.8 million, was achieved by converting Class B shares into Class A before liquidating on the open market. Silbermann retains 13,996 shares of Class A stock for himself and holds significant derivative interests worth approximately 1.2 million shares directly and 77.7 million shares indirectly through a trust.

Pinterest operates a visual discovery platform where users engage with ads and recommendations, generating revenue primarily through advertising. The company employs over 5,100 people and has seen a 18% revenue increase in the first half of 2026, despite temporarily entering a loss-making phase. Despite the recent share sale, Silbermann and other insiders maintain a substantial stake in the company, with his holdings valued at over $1.2 billion.

The stock's current price-to-sales ratio of 2.6 indicates it is significantly undervalued compared to its historical P/S ratio of 17, suggesting potential long-term recovery.