Joseph Gebbia - 25 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
25 Jun 2024
Net transactions value
-$95,425,944
Form type
4
Filing time
27 Jun 2024, 16:05:06 UTC
Previous filing
25 Jun 2024
Next filing
01 Jul 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 Conversion of derivative security +526,823 526,823 25 Jun 2024 By Sycamore Trust F1
transaction ABNB Class A Common Stock Sale $71,300,954 -474,084 -90% $150.40 52,739 25 Jun 2024 By Sycamore Trust F2, F3
transaction ABNB Class A Common Stock Sale $7,966,484 -52,739 -100% $151.05 0 25 Jun 2024 By Sycamore Trust F2, F4
transaction ABNB Class A Common Stock Options Exercise $5,242,927 +130,486 +310% $40.18 172,573 25 Jun 2024 Direct
transaction ABNB Class A Common Stock Sale $17,961,413 -119,365 -69% $150.47 53,208 25 Jun 2024 Direct F2, F5
transaction ABNB Class A Common Stock Sale $3,440,021 -22,773 -43% $151.06 30,435 25 Jun 2024 Direct F2, F6

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 -526,823 -1.3% $0.000000 38,678,645 25 Jun 2024 Class A Common Stock 526,823 By Sycamore Trust F1
transaction ABNB Stock Option Options Exercise $0 -130,486 -65% $0.000000 69,813 25 Jun 2024 Class A Common Stock 130,486 $40.18 Direct F7
holding ABNB Class B Common Stock 92,400 25 Jun 2024 Class A Common Stock 92,400 By Ulderico LLC F1
holding ABNB Class B Common Stock 1,000,000 25 Jun 2024 Class A Common Stock 1,000,000 By Guernica LLC F1
holding ABNB Class B Common Stock 2,000,000 25 Jun 2024 Class A Common Stock 2,000,000 By Guernica 2, LLC F1
holding ABNB Class B Common Stock 3,000,000 25 Jun 2024 Class A Common Stock 3,000,000 By Guernica 3, LLC F1
* 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 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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on February 29, 2024.
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 $150.995. 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 $151.00 to $151.17. 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 $150.00 to $150.9975. 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 $151.00 to $151.25. 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 stock option vests in 48 equal monthly installments beginning on December 25, 2020.