Summary by Futu AI
Pinterest, Inc. affiliate, Sciarra Management Trust, is set to sell 127,338 shares of its Class A common stock, with an aggregate market value of approximately $5.4 million, on 05/15/2024. The shares were originally acquired by the trust on 03/01/2010, directly from the issuer as founder stock. This upcoming sale follows a recent transaction by the trust in the past three months, where it sold 500,000 shares, generating gross proceeds of over $20 million.