Joseph Gebbia - 19 Nov 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
19 Nov 2024
Net transactions value
-$28,901,967
Form type
4
Filing time
21 Nov 2024, 19:41:05 UTC
Previous filing
31 Oct 2024
Next filing
05 Dec 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 +214,285 214,285 19 Nov 2024 By Sycamore Trust F1
transaction ABNB Class A Common Stock Sale $9,673,712 -74,031 -35% $130.67 140,254 19 Nov 2024 By Sycamore Trust F2, F3
transaction ABNB Class A Common Stock Sale $18,415,154 -140,254 -100% $131.30 0 19 Nov 2024 By Sycamore Trust F2, F4
transaction ABNB Class A Common Stock Tax liability $813,101 -6,151 -37% $132.19 10,321 19 Nov 2024 Direct
transaction ABNB Class A Common Stock Conversion of derivative security +639,156 639,156 20 Nov 2024 By Sycamore Trust F1
transaction ABNB Class A Common Stock Conversion of derivative security +148,000 148,000 20 Nov 2024 By LLC F1
transaction ABNB Class A Common Stock Gift $0 -148,000 -100% $0.000000 0 20 Nov 2024 By LLC
transaction ABNB Class A Common Stock Gift $0 -639,156 -100% $0.000000 0 20 Nov 2024 By Sycamore Trust

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 -214,285 -0.56% $0.000000 37,964,360 19 Nov 2024 Class A Common Stock 214,285 By Sycamore Trust F1, F5
transaction ABNB Class B Common Stock Conversion of derivative security $0 -639,156 -1.7% $0.000000 37,325,204 20 Nov 2024 Class A Common Stock 639,156 By Sycamore Trust F1
transaction ABNB Class B Common Stock Conversion of derivative security $0 -148,000 -30% $0.000000 352,000 20 Nov 2024 Class A Common Stock 148,000 By LLC F1, F5
holding ABNB Class B Common Stock 92,400 19 Nov 2024 Class A Common Stock 92,400 By Ulderico LLC F1
holding ABNB Class B Common Stock 1,000,000 19 Nov 2024 Class A Common Stock 1,000,000 By Guernica LLC F1
holding ABNB Class B Common Stock 2,000,000 19 Nov 2024 Class A Common Stock 2,000,000 By Guernica 2, LLC F1
holding ABNB Class B Common Stock 3,000,000 19 Nov 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 August 20, 2024.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.93 to $130.93. 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 $130.9327 to $131.93. 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 Reflects the transfer of shares from Sycamore Trust, which transfer was exempt from reporting pursuant to Rule 16a-13.