Founders Fund IV, LP - 14 May 2021 Form 4 Insider Report for Airbnb, Inc. (ABNB)

Role
10%+ Owner
Signature
The Founders Fund IV, LP, By The Founders Fund IV Management, LLC, General Partner, By /s/ Peter Thiel, Managing Member
Issuer symbol
ABNB
Transactions as of
14 May 2021
Net transactions value
$0
Form type
4
Filing time
18 May 2021, 18:33:42 UTC
SEC
View on sec.gov

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 Other $0 -207,016 -100% $0.000000* 0 14 May 2021 Class A Common Stock 207,016 Direct F1, F2, F3
transaction ABNB Class B Common Stock Other $0 -338,616 -100% $0.000000* 0 14 May 2021 Class A Common Stock 338,616 Direct F1, F2, F4
transaction ABNB Class B Common Stock Other $0 -6,847,812 -100% $0.000000* 0 14 May 2021 Class A Common Stock 6,847,812 Direct F1, F2, F5
transaction ABNB Class B Common Stock Other $0 -3,849,874 -100% $0.000000* 0 14 May 2021 Class A Common Stock 3,849,874 Direct F1, F2, F6
transaction ABNB Class B Common Stock Other $0 -11,993,238 -100% $0.000000* 0 14 May 2021 Class A Common Stock 11,993,238 Direct F1, F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Founders Fund IV, LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 Represents a pro rata distribution of shares of Class B Common Stock, without additional consideration, by the holder to its general partner and limited partners.
F3 Shares held by The Founders Fund II Entrepreneurs Fund, LP.
F4 Shares held by The Founders Fund II Principals Fund, LP.
F5 Shares held by The Founders Fund II, LP.
F6 Shares held by The Founders Fund IV Principals Fund, LP.
F7 Shares held by The Founders Fund IV, LP.

Remarks:

The Reporting Persons disclaim group status and neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that they have formed a group.