Pinterest Insider Dumps Nearly 94,000 Shares, After Stock Drops by 33% Over Last Year

Pinterest Director Benjamin Silbermann sold 93,750 shares worth approximately $2.2 million on August 18-19, 2026, reducing his direct equity stake by 87%. The sale was executed under a pre-established Rule 10b5-1 trading plan adopted in February 2026. Despite the significant insider selling, Silbermann retains substantial exposure through ~78.4 million indirect derivative units. Pinterest stock has declined 34% over the past year and 57% since 2021, facing headwinds from stalled North American user growth and reduced advertiser spending due to macro conditions.