Joseph Gebbia - 17 Jun 2024 Form 4 Insider Report for Airbnb, Inc. (ABNB)

Role
Director, 10%+ Owner
Signature
/s/ Brian Savage, Attorney-in-fact
Issuer symbol
ABNB
Transactions as of
17 Jun 2024
Net transactions value
-$14,000,410
Form type
4
Filing time
20 Jun 2024, 17:03:30 UTC
Previous filing
14 Jun 2024
Next filing
25 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 Options Exercise $471,673 +11,739 +25% $40.18 58,206 17 Jun 2024 Direct
transaction ABNB Class A Common Stock Sale $1,986,355 -13,240 -23% $150.03 44,966 17 Jun 2024 Direct F1, F2
transaction ABNB Class A Common Stock Conversion of derivative security $0 +30,094 $0.000000 30,094 17 Jun 2024 By Sycamore Trust
transaction ABNB Class A Common Stock Sale $4,515,259 -30,094 -100% $150.04 0 17 Jun 2024 By Sycamore Trust F1, F2
transaction ABNB Class A Common Stock Options Exercise $459,981 +11,448 +25% $40.18 56,414 18 Jun 2024 Direct
transaction ABNB Class A Common Stock Sale $2,011,150 -13,401 -24% $150.07 43,013 18 Jun 2024 Direct F1, F3
transaction ABNB Class A Common Stock Conversion of derivative security $0 +42,766 $0.000000 42,766 18 Jun 2024 By Sycamore Trust
transaction ABNB Class A Common Stock Sale $6,419,301 -42,766 -100% $150.10 0 18 Jun 2024 By Sycamore Trust F1, F4

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 Stock Option Options Exercise $0 -11,739 -5.1% $0.000000 216,263 17 Jun 2024 Class A Common Stock 11,739 $40.18 Direct F5
transaction ABNB Class B Common Stock Conversion of derivative security $0 -30,094 -0.08% $0.000000 39,267,794 17 Jun 2024 Class A Common Stock 30,094 By Sycamore Trust F6
transaction ABNB Stock Option Options Exercise $0 -11,448 -5.3% $0.000000 204,815 18 Jun 2024 Class A Common Stock 11,448 $40.18 Direct F5
transaction ABNB Class B Common Stock Conversion of derivative security $0 -42,766 -0.11% $0.000000 39,225,028 18 Jun 2024 Class A Common Stock 42,766 By Sycamore Trust F6
holding ABNB Class B Common Stock 92,400 17 Jun 2024 Class A Common Stock 92,400 By Ulderico LLC F6
holding ABNB Class B Common Stock 1,000,000 17 Jun 2024 Class A Common Stock 1,000,000 By Guernica LLC F6
holding ABNB Class B Common Stock 2,000,000 17 Jun 2024 Class A Common Stock 2,000,000 By Guernica 2, LLC F6
holding ABNB Class B Common Stock 3,000,000 17 Jun 2024 Class A Common Stock 3,000,000 By Guernica 3, LLC 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 $150.00 to $150.12. 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 $150.00 to $150.38. 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 $150.00 to $150.465. 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 stock option vests in 48 equal monthly installments beginning on December 25, 2020.
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.