---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-092744"
form_type: "8-K"
ticker: "PINS"
cik: "0001506293"
company_name: "PINTEREST, INC."
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:34:16.917388+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pinterest issues $1B in 1.75% convertible notes due 2031 to Elliott

## Summary
- Net proceeds from sale of $1B principal amount of 1.75% Convertible Senior Notes due 2031 to Elliott Associates and Elliott International.
- Notes mature March 1, 2031; interest payable semi-annually starting Sept 1, 2026.
- Initial conversion price ~$22.72 per share (44.0063 shares per $1,000 principal).
- Notes convertible under certain conditions; callable by Pinterest after March 5, 2029 if stock price >130% of conversion price for 20/30 days.
- Issued in private placement exempt from registration under Section 4(a)(2) of Securities Act.

## SEC filing metadata
- accession: 0001193125-26-092744
- form_type: 8-K
- ticker: PINS
- cik: 0001506293
- company_name: PINTEREST, INC.
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/0001193125-26-092744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/d107385d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-092744
- JSON: https://secwatch.observer/filing/0001193125-26-092744.json
- Plain text: https://secwatch.observer/filing/0001193125-26-092744.txt

## Source-grounded claims
- claim_id: 1013e1d3a4fdfde1b4a3fab29b472cf7899fc875
  claim: PINTEREST, INC. incurred convertible notes of $1 billion with Elliott Associates, L.P. and Elliott International, L.P. at 1.75% per annum maturing March 1, 2031.
  evidence_excerpt: 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”). On March 5, 2026, the closing under the Investment Agreement occurred and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/0001193125-26-092744-index.htm
- claim_id: 844e4ba012d6974d29533594e69b40f914ac2c9d
  claim: PINTEREST, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1 billion (effective 2026-03-05).
  evidence_excerpt: on March 5, 2026, the Company entered into an indenture (the “Indenture”) with U.S. Bank Trust Company, National Association, as trustee (the “Trustee”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/0001193125-26-092744-index.htm
- claim_id: f0168a3fddf9dcfe0612e3d52a2ee5fccd276433
  claim: PINTEREST, INC. entered into Investment Agreement with Elliott Associates, L.P. and Elliott International, L.P. valued at $1 billion (effective 2026-03-03).
  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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/0001193125-26-092744-index.htm

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