PINTEREST, INC.

Purchases of equity securities by issuer

The following table shows information about our purchases of equity securities that are registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended for the three months ended March 31, 2026:

(1)We withheld shares from employees to satisfy tax withholding obligations on release of restricted stock awards. The value of the common stock was based on the closing price of our Class A common stock on the vesting date.

(2)Average price paid per share includes costs associated with repurchases and excludes $14.7 million excise tax resulting from the Inflation Reduction Act of 2022.

(3)Under the terms of the ASR, we made an up-front payment of $1.0 billion in March 2026 and received an initial delivery of 41,279,670 shares of our Class A common stock, which represents approximately 80% of the total shares we expect to receive under the ASR. The final number of shares to be repurchased under the ASR will be based on the average of the daily volume-weighted average price of our Class A common stock during the term of the ASR, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR.

On March 2, 2026, our board of directors authorized a new stock repurchase program of up to $3.5 billion of our Class A common stock (the "March 2026 program") and canceled the November 2024 stock repurchase program, under which $499.9 million had remained available for repurchase.

Under the March 2026 program, we are authorized to repurchase, from time to time, shares of our Class A common stock through open market purchases, block transactions, privately negotiated purchase transactions or in such other manner as deemed advisable by management. In addition, we may establish one or more trading plans pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, or enter into arrangements with brokers or other third parties for accelerated purchases of our Class A common stock. The March 2026 program does not obligate us to repurchase any specific number of shares and may be modified, suspended or discontinued at any time. The timing, manner, price and amount of any repurchases are determined by management in its discretion and depend on a variety of factors, including legal requirements, price and economic and market conditions.

In March 2026, we entered into an ASR with a financial institution to repurchase $1.0 billion of our Class A common stock as part of our March 2026 program. Under the terms of the ASR, we made an up-front payment of $1.0 billion and received an initial delivery of 41,279,670 shares of our Class A common stock, which represents approximately 80% of the total shares we expect to receive under the ASR. Refer to Note 7 of our condensed financial statements for additional information on our share repurchase and ASR programs.