Summary by Futu AI
Pinterest, Inc. affiliate, Sciarra Management Trust, is set to sell 372,662 shares of common stock, with an aggregate market value of approximately $15.95 million, on 05/16/2024. These shares were originally acquired on 03/01/2010 as founder stock from the issuer. The trust has a history of significant transactions over the past three months, having sold 627,338 shares for total gross proceeds of over $25.61 million. The upcoming sale represents a continuation of the trust's divestment strategy.