Benjamin Silbermann has filed 100 Form 4 transactions, all in a single company: Pinterest (PINS). The pattern is one-sided. Across the entire filing history, he has recorded zero open-market purchases and roughly $64.2 million in open-market sales. The only acquisition on record is $269,982.84, a figure consistent with an option exercise or grant rather than a discretionary buy. Every recent trade tells the same story.
The last 12 open-market sales, all coded "S," occurred between July 8 and September 2, 2026. Each transaction was in the $1.04 million to $1.12 million range. The most recent sale, on September 2, was for $1,013,845.31. The prior one, on August 26, was $1,104,778.13. August 25 brought $1,102,879.69, and August 19 saw $1,083,398.44. The cadence is regular: roughly one sale every week or two, each paired with a "C" conversion of a derivative security valued at zero. That pairing suggests the sales are tied to the conversion of existing holdings, not fresh stock purchases.
Silbermann has not bought a single share of PINS on the open market in the entire period covered by these filings. The selling is steady and mechanical in size, with no acceleration or panic. The total sell value of $64.2 million against a buy value of zero leaves no ambiguity about direction. The last sale on September 2, 2026, at $1,013,845.31, is the most recent data point, and it continues the established pattern.
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