Co-founder Silbermann's $1.09M sale is the most significant trade in this cluster. While the dollar amount is small relative to market cap, the lack of any insider buying and the consistent selling pattern over the past 30 days ($3.9M total) suggests insiders are not aggressively bullish at current levels. Monitor for any 8-K filings or earnings pre-announcements that might explain the selling. The stock has been volatile recently, and this cluster adds a modest bearish tint.
Price Chart
Executive Summary
Two Pinterest directors sold a combined $1.11M in stock over the past week, with the bulk ($1.09M) coming from co-founder and director Benjamin Silbermann. While the dollar amount is modest relative to PINS's $13.1B market cap (0.008%), Silbermann's sale as a co-founder and 10% owner carries more weight. The cluster is entirely sells with no insider buying, which is a mildly bearish signal, though the small size relative to market cap limits the impact.
Key Financial Metrics
Key Facts
- Director Benjamin Silbermann sold 46,900 shares at $23.23 for $1.09M on 2026-08-12.
- Director Rajaram Gokul sold 1,050 shares at $23.03 for $24,182 on 2026-08-19.
- Total insider selling in the cluster is $1.11M, or 0.008% of PINS's $13.1B market cap.
- No insider buying occurred in the cluster window.
- Recent 30-day insider activity shows 5 sells totaling $3.9M, consistent with a net selling trend.
Financial Impact
Insider sales of $1.11M represent 0.008% of market cap — trivial in absolute size but notable due to co-founder selling.
Risk Factors
- Insider selling may signal lack of confidence in near-term prospects.
- Co-founder selling could be misinterpreted by the market as a negative signal.
- No insider buying to offset the selling creates an asymmetric information risk.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PINS-1787185725400 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Insider Cluster | $22.88 $18.88 | ▼ −17.48% | ▼ −17.38% | $19.23 (−15.95%) |
Aug 20, 2026 6w ago | Insider Cluster | $23.23 $18.60 | ▼ −19.93% | ▼ −19.93% | $19.23 (−17.22%) |
Aug 20, 2026 6w ago | Insider Cluster | $23.23 $18.31 | ▲ +21.18% | ▲ +21.18% | $19.23 (+17.22%) |
Aug 12, 2026 7w ago | Insider Cluster | $23.32 $19.05 | ▲ +18.31% | ▲ +16.56% | $19.23 (+17.54%) |
Aug 12, 2026 7w ago | 144 | $23.32 $19.05 | ▼ −18.31% | ▼ −16.56% | $19.23 (−17.54%) |
Aug 7, 2026 8w ago | 8-K | $23.68 $20.40 | ▼ −13.85% | ▼ −13.45% | $19.23 (−18.79%) |
Aug 4, 2026 8w ago | 8-K | $23.36 $21.22 | ▼ −9.16% | ▼ −8.56% | $19.23 (−17.68%) |
Jul 24, 2026 10w ago | Institutional Cluster | $22.13 $23.40 | ▲ +5.74% | ▲ +2.11% | $19.23 (−13.10%) |
Jul 15, 2026 11w ago | Insider Cluster | $23.09 $23.32 | ▲ +1.00% | ▼ −2.62% | $19.23 (−16.72%) |
Jul 15, 2026 11w ago | Insider Cluster | $23.09 $23.32 | ▲ +1.00% | ▼ −2.62% | $19.23 (−16.72%) |
US Market Status
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