Greylock XIII GP LLC - 14 Dec 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
Issuer symbol: ABNB
Transactions as of: 14 Dec 2020
Net transactions value: $0
Form type: 4
Filing time: 19 May 2021, 17:42:02 UTC
Previous filing: 19 May 2021
Next filing: 19 May 2021
SEC: View on sec.gov

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	+20,662,872		$0.000000	20,662,872	14 Dec 2020	Class A Common Stock	20,662,872		By Greylock XIII Limited Partnership	F1, F2, F3
transaction	ABNB	Class B Common Stock	Conversion of derivative security	$0	+1,860,264		$0.000000	1,860,264	14 Dec 2020	Class A Common Stock	1,860,264		By Greylock XIII-A Limited Partnership	F1, F2, F4
transaction	ABNB	Series A Preferred Stock	Conversion of derivative security	$0	-20,606,836	-100%	$0.000000^*	0	14 Dec 2020	Class B Common Stock	20,606,836		By Greylock XIII Limited Partnership	F2, F3
transaction	ABNB	Series B Preferred Stock	Conversion of derivative security	$0	-40,356	-100%	$0.000000^*	0	14 Dec 2020	Class B Common Stock	40,356		By Greylock XIII Limited Partnership	F2, F3
transaction	ABNB	Series C Preferred Stock	Conversion of derivative security	$0	-15,680	-100%	$0.000000^*	0	14 Dec 2020	Class B Common Stock	15,680		By Greylock XIII Limited Partnership	F2, F3
transaction	ABNB	Series A Preferred Stock	Conversion of derivative security	$0	-1,855,224	-100%	$0.000000^*	0	14 Dec 2020	Class B Common Stock	1,855,224		By Greylock XIII-A Limited Partnership	F2, F4
transaction	ABNB	Series B Preferred Stock	Conversion of derivative security	$0	-3,630	-100%	$0.000000^*	0	14 Dec 2020	Class B Common Stock	3,630		By Greylock XIII-A Limited Partnership	F2, F4
transaction	ABNB	Series C Preferred Stock	Conversion of derivative security	$0	-1,410	-100%	$0.000000^*	0	14 Dec 2020	Class B Common Stock	1,410		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.