---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-086731"
form_type: "8-K"
ticker: "PINS"
cik: "0001506293"
company_name: "PINTEREST, INC."
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T22:13:27.444780+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pinterest secures $1B strategic investment from Elliott; authorizes $3.5B share repurchase program

## Summary
- Elliott invests $1B in 1.75% convertible notes due 2031; initial conversion price $22.72 per share (30% premium).
- Board authorizes new $3.5B share repurchase program, replacing prior program; $473M repurchased YTD.
- Pinterest enters $1B accelerated share repurchase with Goldman Sachs; expects initial delivery of ~80% of shares.
- Near-term total repurchases in H1 2026 expected to be ~$2.0B including ASR, intended open-market buys, and YTD.
- Marc Steinberg (Elliott partner) continues on board; Elliott subject to 2-year lock-up and standstill.

## SEC filing metadata
- accession: 0001193125-26-086731
- form_type: 8-K
- ticker: PINS
- cik: 0001506293
- company_name: PINTEREST, INC.
- filed_at: 2026-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506293/000119312526086731/0001193125-26-086731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506293/000119312526086731/d22903d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-086731
- JSON: https://secwatch.observer/filing/0001193125-26-086731.json
- Plain text: https://secwatch.observer/filing/0001193125-26-086731.txt

## Source-grounded claims
- claim_id: 328694108d1c3373333233df6984c7dc4693faa3
  claim: PINTEREST, INC. incurred convertible notes of $1 billion in aggregate principal amount with Elliott Associates, L.P. and Elliott International, L.P. at 1.75% per annum maturing March 1, 2031.
  evidence_excerpt: On March 3, 2026, Pinterest, Inc. (the “Company”) entered into an investment agreement (the “Investment Agreement”) with Elliott Associates, L.P. and Elliott International, L.P. (collectively, “Elliott”), relating to the issuance and sale to Elliott of $1 billion in aggregate principal amount of the Company’s 1.75% Convertible Senior Notes due 2031 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000119312526086731/0001193125-26-086731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.