secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001193125-26-092744
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/0001193125-26-092744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000119312526092744/d107385d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-092744

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