This cluster is too small to warrant a trading signal. Monitor for any C-suite open-market selling or a larger director sale cluster (>0.5% of market cap) before reading bearish intent. The 100% win rate on prior PINS reports at T+20 is not actionable here given the trivial dollar amounts.
Price Chart
Executive Summary
Two Pinterest directors sold a combined $1.11M in open-market shares over two days, with co-founder Benjamin Silbermann accounting for the vast majority ($1.08M). The sales represent ~0.008% of the $13.3B market cap, a trivial amount. A C-suite executive (CPTO Madrigal) had only a tax-withholding event—no open-market activity. The cluster is small in dollar terms and lacks C-suite conviction selling, making it a routine liquidity event with no material signal.
Key Financial Metrics
Key Facts
- Director Benjamin Silbermann sold 46,875 shares at ~$23.11 for $1.08M on 2026-08-19
- Director Gokul Rajaram sold 1,050 shares at $23.03 for $24K on 2026-08-19
- CPTO Matthew Madrigal had a tax-withholding event of 27,343 shares at $23.23 ($635K)—no open-market sale
- Total open-market selling value is $1.11M, or ~0.008% of PINS' $13.3B market cap
- No C-suite open-market selling—only directors and a tax-withholding event
Financial Impact
Total open-market selling of $1.11M, representing ~0.008% of market cap—trivial
Risk Factors
- Co-founder Silbermann's $1.08M sale could be a small diversification move, but at 0.008% of market cap it is not a bearish signal
- No C-suite open-market selling means no informed negative signal per academic literature
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-1787645204636 |
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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