secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001193125-26-086731
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000119312526086731/0001193125-26-086731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000119312526086731/d22903d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-086731

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer