The cluster is modest in size but notable for involving the CFO, a 10% owner, and the top legal officer — all selling without a disclosed 10b5-1 plan. Monitor the next 8-K or Q3 earnings for any guidance revision or operational update that could explain the coordinated selling.
Price Chart
Executive Summary
Three PINS insiders — including the CFO, a director/10% owner, and the Chief Legal Officer — sold a combined $1.67M in open-market sales over a 7-day window. The total is ~0.5% of market cap, a modest but notable cluster. No 10b5-1 plans are indicated, and the CFO's sale is the second in a short period, suggesting possible pre-positioning ahead of Q3 earnings.
Key Financial Metrics
Key Facts
- Three insiders sold $1.67M total in open-market sales (no 10b5-1 indication).
- CFO Julia Brau Donnelly sold 29,548 shares for $549,841 — her second sale in 5 days.
- Director/10% owner Benjamin Silbermann sold 46,900 shares for $859,000.
- Chief Legal Officer Wanjiku Juanita Walcott sold 14,100 shares for $257,000.
- Total sales represent ~0.5% of PINS market cap — modest but above the 0.1% threshold for a cluster.
- No insider purchases were reported in the same window.
Financial Impact
$1.67M in open-market sales by three insiders, ~0.5% of market cap
Risk Factors
- Insider sales may signal management's view that the stock is fairly valued or overvalued near $18.60.
- No offsetting insider buying to counterbalance the selling pressure.
- CFO's second sale in 5 days could indicate a pattern of planned liquidity, but no plan was disclosed.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PINS-1790801238373 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $22.32 | awaiting T+20 | — | $21.23 (−4.88%) |
Oct 21, 2026 5d ago | Insider Cluster | $22.93 | awaiting T+20 | — | $21.23 (−7.41%) |
Oct 21, 2026 5d ago | Insider Cluster | $22.93 | awaiting T+20 | — | $21.23 (+7.41%) |
Oct 20, 2026 6d ago | 144 | $22.95 | awaiting T+20 | — | $21.23 (−7.49%) |
Oct 15, 2026 11d ago | 8-K | $21.91 | awaiting T+20 | — | $21.23 (−3.10%) |
Oct 14, 2026 12d ago | 144 | $22.71 | awaiting T+20 | — | $21.23 (−6.52%) |
Oct 13, 2026 13d ago | 144 | $21.76 | awaiting T+20 | — | $21.23 (−2.44%) |
Oct 7, 2026 19d ago | 144 | $20.53 | awaiting T+20 | — | $21.23 (+3.41%) |
Oct 6, 2026 20d ago | 144 | $20.31 | awaiting T+20 | — | $21.23 (+4.53%) |
Oct 6, 2026 20d ago | 144 | $20.31 | awaiting T+20 | — | $21.23 (+4.53%) |
US Market Status
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