Brian Chesky - 20 Feb 2024 Form 4 Insider Report for Airbnb, Inc. (ABNB)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Brian Savage, Attorney-in-fact
Issuer symbol
ABNB
Transactions as of
20 Feb 2024
Net transactions value
-$11,366,819
Form type
4
Filing time
22 Feb 2024, 18:31:19 UTC
Previous filing
08 Feb 2024
Next filing
28 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABNB Class A Common Stock Sale $29,198 -200 -0% $145.99 14,622,241 20 Feb 2024 Direct F1
transaction ABNB Class A Common Stock Sale $1,557,048 -10,630 -0.07% $146.48 14,611,611 20 Feb 2024 Direct F1, F2
transaction ABNB Class A Common Stock Sale $4,686,808 -31,722 -0.22% $147.75 14,579,889 20 Feb 2024 Direct F1, F3
transaction ABNB Class A Common Stock Sale $4,704,482 -31,760 -0.22% $148.13 14,548,129 20 Feb 2024 Direct F1, F4
transaction ABNB Class A Common Stock Sale $239,032 -1,600 -0.01% $149.39 14,546,529 20 Feb 2024 Direct F1, F5
transaction ABNB Class A Common Stock Sale $150,251 -1,000 -0.01% $150.25 14,545,529 20 Feb 2024 Direct F1, F6
transaction ABNB Class A Common Stock Gift $0 -169,687 -1.2% $0.000000 14,375,842 21 Feb 2024 Direct
transaction ABNB Class A Common Stock Conversion of derivative security +249,066 249,066 21 Feb 2024 By 2019 GRAT II F7
transaction ABNB Class A Common Stock Gift $0 -249,066 -100% $0.000000* 0 21 Feb 2024 By 2019 GRAT II
transaction ABNB Class A Common Stock Gift $0 -265,494 -100% $0.000000* 0 21 Feb 2024 By 2019 Trust B
transaction ABNB Class A Common Stock Gift $0 +128,554 $0.000000 128,554 21 Feb 2024 By 2016 Legacy Trust B

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 -249,066 -100% $0.000000* 0 21 Feb 2024 Class A Common Stock 249,066 By 2019 GRAT II F7, F8
holding ABNB Class B Common Stock 62,032,561 20 Feb 2024 Class A Common Stock 62,032,561 Direct F7, F8
holding ABNB Class B Common Stock 63,655 20 Feb 2024 Class A Common Stock 63,655 By 2016 Legacy Trust F7
holding ABNB Class B Common Stock 158,352 20 Feb 2024 Class A Common Stock 158,352 By 2016 Legacy Trust B F7, F8
holding ABNB Class B Common Stock 15,266 20 Feb 2024 Class A Common Stock 15,266 By 2016 Long-Term Trust F7
holding ABNB Class B Common Stock 118,854 20 Feb 2024 Class A Common Stock 118,854 By 2019 Trust F7
holding ABNB Class B Common Stock 251,886 20 Feb 2024 Class A Common Stock 251,886 By 2019 Trust A F7, F8
holding ABNB Class B Common Stock 346,116 20 Feb 2024 Class A Common Stock 346,116 By 2021 GRAT B F7
holding ABNB Class B Common Stock 279,237 20 Feb 2024 Class A Common Stock 279,237 By 2022 GRAT A F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 31, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.00 to $146.95. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.02 to $147.99. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.00 to $148.86. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.00 to $149.66. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.09 to $150.50. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 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.
F8 Reflects the following transfers that occurred on February 21, 2024: (i) 74,434 shares of Class B Common Stock from the 2019 GRAT II to the reporting person in satisfaction of a GRAT annuity payment owed to the reporting person and (ii) 119,895 shares of Class B Common Stock from the 2019 Trust A to the 2016 Legacy Trust B. Such transactions were exempt from reporting pursuant to Rule 16a-13.