SC US (TTGP), LTD. - 18 May 2023 Form 4 Insider Report for Airbnb, Inc. (ABNB)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
22 May 2023, 19:31:17 UTC
Prior SEC filing
19 May 2023
Next SEC filing
05 Jun 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Jung Yeon Son, by power of attorney for Roelof Botha, a Director of SC US (TTGP), Ltd.

Key filing fact

SC US (TTGP), LTD. filed Form 4 for Airbnb, Inc. (ABNB) on 22 May 2023.

Key facts

  • This page summarizes SC US (TTGP), LTD.'s Form 4 filing for Airbnb, Inc. (ABNB).
  • 6 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 22 May 2023, 19:31.

Change

  • Previous filing in this sequence was filed on 19 May 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ABNB transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+3,819,552
Change %
+652%
Price
$0.000000
Shares after
4,405,300
Date
18 May 2023
Ownership
Sequoia Capital Fund, LP
Footnotes
F1, F3
ABNB transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-3,937,028
Change %
-89%
Price
$0.000000
Shares after
468,272
Date
18 May 2023
Ownership
Sequoia Capital Fund, LP
Footnotes
F2, F3
ABNB transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+706,868
Change %
+875%
Price
$0.000000
Shares after
787,641
Date
18 May 2023
Ownership
Sequoia Capital Fund Parallel, LLC
Footnotes
F1, F3
ABNB transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-726,645
Change %
-92%
Price
$0.000000
Shares after
60,996
Date
18 May 2023
Ownership
Sequoia Capital Fund Parallel, LLC
Footnotes
F2, F3
ABNB holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,153
Date
18 May 2023
Ownership
Sequoia Capital U.S. Venture 2010-Seed Fund, L.P.
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ABNB transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-3,819,552
Change %
-11%
Price
$0.000000
Shares after
31,027,954
Date
18 May 2023
Ownership
Sequoia Capital Fund, LP
Underlying class
Class A Common Stock
Underlying amount
3,819,552
Exercise price
Footnotes
F1, F3
ABNB transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-706,868
Change %
-11%
Price
$0.000000
Shares after
5,752,168
Date
18 May 2023
Ownership
Sequoia Capital Fund Parallel, LLC
Underlying class
Class A Common Stock
Underlying amount
706,868
Exercise price
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

SC US (TTGP), LTD. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the election of the holder thereof and has no expiration date.

Footnote F2

Represents a pro rata in-kind distribution of shares of Class A Common Stock of the Issuer to partners or members for no consideration and includes subsequent distributions by general partners or managing members to their respective partners or members.

Footnote F3

SC US (TTGP), Ltd. is (i) the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of each of Sequoia Capital Fund, LP ("SCF") and Sequoia Capital Fund Parallel, LLC ("SCFP"), and (ii) the general partner of SC U.S. Venture 2010 Management, L.P., which is the general partner of Sequoia Capital U.S. Venture 2010-Seed Fund L.P. ("USV 2010-Seed"). As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by SCF, SCFP and USV 2010-Seed. Each of such reporting persons disclaims beneficial ownership of the shares held by SCF, SCFP and USV 2010-Seed, as applicable, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

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