Brian Chesky - May 28, 2021 Form 4 Insider Report for Airbnb, Inc. (ABNB)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Brian Savage, Attorney-in-fact
Stock symbol
ABNB
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/2/2021, 06:16 PM
Next filing
Nov 12, 2021
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 +750K 750K May 28, 2021 By 2021 GRAT A F1
transaction ABNB Class A Common Stock Conversion of derivative security +750K 750K May 28, 2021 By 2021 GRAT B F1
holding ABNB Class A Common Stock 12M May 28, 2021 Direct

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 -1.5M -2.3% $0.00 63.8M May 28, 2021 Class A Common Stock 1.5M Direct F1, F2
transaction ABNB Class B Common Stock Gift $0 -157K -100% $0.00* 0 Feb 16, 2021 Class A Common Stock 157K By 2019 GRAT I F1, F2
transaction ABNB Class B Common Stock Gift $0 +157K $0.00 157K Feb 16, 2021 Class A Common Stock 157K By 2019 Trust F1
holding ABNB Class B Common Stock 442K May 28, 2021 Class A Common Stock 474K By 2019 GRAT II F1, F2
holding ABNB Class B Common Stock 130K May 28, 2021 Class A Common Stock 130K By 2019 GRAT III F1
holding ABNB Class B Common Stock 130K May 28, 2021 Class A Common Stock 130K By 2019 GRAT IV F1
holding ABNB Class B Common Stock 514K May 28, 2021 Class A Common Stock 514K By 2020 GRAT A F1
holding ABNB Class B Common Stock 514K May 28, 2021 Class A Common Stock 514K By 2020 GRAT B F1
holding ABNB Class B Common Stock 15.3K May 28, 2021 Class A Common Stock 15.3K By 2016 Long-Term Trust F1
holding ABNB Class B Common Stock 63.7K May 28, 2021 Class A Common Stock 63.7K By 2016 Legacy Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Reflects the transfer on February 16, 2021 of 89,375 shares of Class B common stock from the 2019 GRAT I and 31,558 shares of Class B common stock from the 2019 GRAT II, in each case to the reporting person in satisfaction of a GRAT annuity payment owed to the reporting person. The GRAT annuity payments and other transactions reflected on this Form were entered into in connection with the reporting person's long-term estate planning.