Nathan Blecharczyk - 19 Nov 2024 Form 4 Insider Report for Airbnb, Inc. (ABNB)

Role
Chief Strategy Officer, Director, 10%+ Owner
Signature
/s/ Brian Savage, Attorney-in-fact
Issuer symbol
ABNB
Transactions as of
19 Nov 2024
Net transactions value
-$2,555,615
Form type
4
Filing time
21 Nov 2024, 19:42:59 UTC
Previous filing
12 Nov 2024
Next filing
19 Feb 2025
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 Tax liability $1,305,112 -9,873 -5.4% $132.19 174,453 19 Nov 2024 Direct
transaction ABNB Class A Common Stock Conversion of derivative security +271,152 +3124% 279,833 19 Nov 2024 By Trust F1
transaction ABNB Class A Common Stock Gift $0 -271,152 -97% $0.000000 8,681 19 Nov 2024 By Trust
transaction ABNB Class A Common Stock Sale $1,250,503 -9,603 -5.5% $130.22 164,850 20 Nov 2024 Direct F2

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 -271,152 -0.59% $0.000000 45,446,338 19 Nov 2024 Class A Common Stock 271,152 By Trust F1, F3
holding ABNB Class B Common Stock 11,266,143 19 Nov 2024 Class A Common Stock 12,068,507 By 2020 GRAT II F1, F3
* 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 May 31, 2024.
F3 Reflects an annuity payment made by the 2020 GRAT II in a transaction exempt from reporting pursuant to Rule 16a-13.