Greylock XIII GP LLC - Dec 14, 2020 Form 4 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 14, 2020
Transactions value $
$0
Form type
4
Date filed
5/19/2021, 05:42 PM
Previous filing
May 19, 2021
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
transaction ABNB Class B Common Stock Conversion of derivative security $0 +20.7M $0.00 20.7M Dec 14, 2020 Class A Common Stock 20.7M By Greylock XIII Limited Partnership F1, F2, F3
transaction ABNB Class B Common Stock Conversion of derivative security $0 +1.86M $0.00 1.86M Dec 14, 2020 Class A Common Stock 1.86M By Greylock XIII-A Limited Partnership F1, F2, F4
transaction ABNB Series A Preferred Stock Conversion of derivative security $0 -20.6M -100% $0.00* 0 Dec 14, 2020 Class B Common Stock 20.6M By Greylock XIII Limited Partnership F2, F3
transaction ABNB Series B Preferred Stock Conversion of derivative security $0 -40.4K -100% $0.00* 0 Dec 14, 2020 Class B Common Stock 40.4K By Greylock XIII Limited Partnership F2, F3
transaction ABNB Series C Preferred Stock Conversion of derivative security $0 -15.7K -100% $0.00* 0 Dec 14, 2020 Class B Common Stock 15.7K By Greylock XIII Limited Partnership F2, F3
transaction ABNB Series A Preferred Stock Conversion of derivative security $0 -1.86M -100% $0.00* 0 Dec 14, 2020 Class B Common Stock 1.86M By Greylock XIII-A Limited Partnership F2, F4
transaction ABNB Series B Preferred Stock Conversion of derivative security $0 -3.63K -100% $0.00* 0 Dec 14, 2020 Class B Common Stock 3.63K By Greylock XIII-A Limited Partnership F2, F4
transaction ABNB Series C Preferred Stock Conversion of derivative security $0 -1.41K -100% $0.00* 0 Dec 14, 2020 Class B Common Stock 1.41K By Greylock XIII-A Limited Partnership F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering.
F2 Each share of Preferred Stock, other than any share of Series C Preferred Stock, automatically converted on a one-for-one basis into Class B Common Stock upon the closing of the Issuers initial public offering. The Series C Preferred Stock automatically converted 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 upon the closing of the Issuer's initial public offering.
F3 The shares are held directly by Greylock XIII Limited Partnership ("Greylock XIII LP"). Greylock XIII GP Limited Liability Company ("Greylock XIII GP") is the sole General Partner of Greylock XIII LP and may be deemed to share voting and dispositive power with respect to the shares held 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 sole General Partner of Greylock XIII-A LP and may be deemed to share voting and dispositive power with respect to the shares held 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.