Greylock XIII GP LLC - Dec 9, 2020 Form 3 Insider Report for Airbnb, Inc. (ABNB)

Role: 10%+ Owner
Signature: By: /s/ Donald A. Sullivan, Donald A. Sullivan, as Administrative Partner of Greylock XIII GP LLC
Stock symbol: ABNB
Transactions as of: Dec 9, 2020
Transactions value $: $0
Form type: 3
Date filed: 5/19/2021, 05:35 PM
Next filing: May 19, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ABNB	Series A Preferred Stock							Dec 9, 2020	Class B Common Stock	20.6M	$0.00	See footnote	F1, F2, F3
holding	ABNB	Series B Preferred Stock							Dec 9, 2020	Class B Common Stock	40.4K	$0.00	See footnote	F1, F2, F3
holding	ABNB	Series C Preferred Stock							Dec 9, 2020	Class B Common Stock	15.7K	$0.00	See footnote	F1, F2, F3
holding	ABNB	Series A Preferred Stock							Dec 9, 2020	Class B Common Stock	1.86M	$0.00	See footnote	F1, F2, F4
holding	ABNB	Series B Preferred Stock							Dec 9, 2020	Class B Common Stock	3.63K	$0.00	See footnote	F1, F2, F4
holding	ABNB	Series C Preferred Stock							Dec 9, 2020	Class B Common Stock	1.41K	$0.00	See footnote	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Preferred Stock, other than any share of Series C Preferred Stock, is convertible on a one-for-one basis into Class B Common Stock at any time at the holder's election. The Series C Preferred Stock is convertible on a one-for-one basis, subject to adjustment pursuant to the anti-dilution provisions relating to the Series C Preferred Stock, into Class B Common Stock at any time at the holder's election. The Preferred Stock will convert automatically upon the closing of the Issuer's initial public offering and has no expiration date.
F2	Following the closing of the Issuer's IPO, each share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock, and will have no expiration date. After the closing of the Issuer's IPO, on any transfer of shares of Class B Common Stock, each such transferred share will automatically convert into one share of Class A Common Stock, except for certain "Permitted Transfers" described in the Issuer's amended and restated certificate of incorporation
F3	The shares are held directly by Greylock XIII Limited Partnership ("Greylock XIII LP"). Greylock XIII GP LLC ("Greylock XIII GP") is the general partner of Greylock XIII LP. As a result, Greylock XIII GP may be deemed to share voting and dispositive power with regard to the shares held directly by Greylock XIII LP. Greylock XIII GP disclaims beneficial ownership of the securities held by Greylock XIII LP except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by Greylock XIII GP of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4	The shares are held directly by Greylock XIII-A Limited Partnership ("Greylock XIII-A LP"). Greylock XIII GP is the general partner of Greylock XIII-A LP. As a result, Greylock XIII GP may be deemed to share voting and dispositive power with regard to the shares held directly by Greylock XIII-A LP. Greylock XIII GP disclaims beneficial ownership of the securities held by Greylock XIII-A LP except to the extent of any pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by Greylock XIII GP of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.