Brian Chesky - 28 May 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
28 May 2024
Net transactions value
-$25,361,603
Form type
4
Filing time
03 Jun 2024, 20:45:59 UTC
Previous filing
28 Feb 2024
Next filing
12 Jun 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 $2,467,301 -17,049 -0.12% $144.72 14,358,793 30 May 2024 Direct F1, F2
transaction ABNB Class A Common Stock Sale $5,015,559 -34,483 -0.24% $145.45 14,324,310 30 May 2024 Direct F1, F3
transaction ABNB Class A Common Stock Sale $4,957,228 -33,854 -0.24% $146.43 14,290,456 30 May 2024 Direct F1, F4
transaction ABNB Class A Common Stock Sale $4,415,616 -29,999 -0.21% $147.19 14,260,457 30 May 2024 Direct F1, F5
transaction ABNB Class A Common Stock Sale $7,270,000 -50,000 -100% $145.40 0 30 May 2024 By 2019 Trust F1
transaction ABNB Class A Common Stock Sale $1,235,900 -8,500 -6.2% $145.40 128,554 30 May 2024 By 2016 Legacy Trust B F1

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 Gift $0 -6,279 -100% $0.000000* 0 28 May 2024 Class A Common Stock 6,279 By 2022 GRAT A F6, F7
transaction ABNB Class B Common Stock Gift $0 +6,279 +4.2% $0.000000 156,131 28 May 2024 Class A Common Stock 6,279 By 2016 Legacy Trust B F6
holding ABNB Class B Common Stock 57,507,766 28 May 2024 Class A Common Stock 57,507,766 Direct F6, F7
holding ABNB Class B Common Stock 63,655 28 May 2024 Class A Common Stock 63,655 By 2016 Legacy Trust F6
holding ABNB Class B Common Stock 15,266 28 May 2024 Class A Common Stock 15,266 By 2016 Long-Term Trust F6
holding ABNB Class B Common Stock 251,886 28 May 2024 Class A Common Stock 251,886 By 2019 Trust A F6
holding ABNB Class B Common Stock 68,854 28 May 2024 Class A Common Stock 68,854 By 2019 Trust F6
holding ABNB Class B Common Stock 143,869 28 May 2024 Class A Common Stock 143,869 By 2021 GRAT B F6, F7
holding ABNB Class B Common Stock 2,500,000 28 May 2024 Class A Common Stock 2,500,000 By 2024 GRAT A F6
holding ABNB Class B Common Stock 2,500,000 28 May 2024 Class A Common Stock 2,500,000 By 2024 GRAT B F6
* 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 February 29, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.45 to $144.99. 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.00 to $145.995. 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 $146.00 to $146.995. 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 $147.00 to $147.59. 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 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.
F7 Reflects the following transfers that occurred on May 28, 2024: (i) 202,247 shares of Class B Common Stock from the 2021 GRAT B to the reporting person in satisfaction of a GRAT annuity payment owed to the reporting person and (ii) 272,958 shares of Class B Common Stock from the 2022 GRAT A to the reporting person in satisfaction of a GRAT annuity payment owed to the reporting person. Such transactions were exempt from reporting pursuant to Rule 16a-13.