Summary by Futu AI
The SCIARRA MANAGEMENT TRUST, an affiliate of Pinterest, Inc., is set to sell 500,000 Class A shares of Pinterest stock, with an aggregate market value of $20,206,800, on 05/01/2024. These shares were originally acquired by the trust on 03/01/2010 directly from the issuer as founder stock. Over the past three months, the trust has sold a total of 1,376,000 shares, generating gross proceeds of $49,824,555.07.