[144] Airbnb, Inc. SEC Filing

Rhea-AI Filing Summary

Airbnb, Inc. (ABNB) insider Elinor Mertz has filed a Form 144 to dispose of 6,250 Class A shares (approx. $849,125) through Fidelity, targeting a sale on 07 Jul 2025 via NASDAQ. The stock originated from restricted-stock vesting in 2022 and 2023. During the last three months Mertz has already sold 23,559 shares for $2.97 million, indicating an ongoing liquidation program. The new filing equates to only 0.0014 % of the 431.6 million shares outstanding and should have minimal direct dilution or liquidity impact. However, continued insider selling can be viewed as a sentiment head-wind and may attract short-term attention from investors tracking executive trading patterns.

Positive

• Transparent disclosure under Rule 144 with clear sale amounts, broker and dates enhances governance visibility.
• Tiny percentage (≈0.0014 % of shares outstanding) limits market and dilution impact.

Negative

• Continued insider selling (29,809 shares planned/sold since April) may be interpreted as a cautious sentiment signal.
• No operational data accompanies the filing, leaving investors without context for the insider’s decision.

Insights

Securities Analyst

TL;DR: Small Form 144 sale (6,250 ABNB shares) extends recent insider selling trend; quantitatively immaterial, qualitatively a mild negative signal.

The proposed $0.85 million sale represents an almost negligible fraction of Airbnb’s float, so price pressure should be minimal. Yet, when combined with the 23,559 shares already sold since April, the pattern suggests that at least one insider is steadily monetising vested equity. While not alarming in isolation, such activity can weigh on market sentiment, especially if echoed by other executives. No operational or financial metrics are disclosed, so the filing does not alter the fundamental outlook.

Corporate Governance Expert

TL;DR: Routine 10b5-1 style liquidation; fully disclosed, tiny versus float, governance compliance intact.

The notice affirms compliance with Rule 144 and attests the insider has no undisclosed adverse information. Use of a reputable broker and staggered sales dates point to a structured trading plan, likely minimising accusations of opportunistic timing. From a governance lens, transparency is adequate and no red flags arise beyond standard scrutiny of insider sales.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	6250	849125.00	431602213	07/07/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	05/19/2022	Restricted Stock Vesting	Issuer			3572	05/19/2022	Compensation
Class A	05/19/2023	Restricted Stock Vesting	Issuer			2678	05/19/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Elinor Mertz 888 Brannan Street San Francisco CA 94103	Class A	04/09/2025	6250	750000.00
Elinor Mertz 888 Brannan Street San Francisco CA 94103	Class A	05/05/2025	6250	771437.50
Elinor Mertz 888 Brannan Street San Francisco CA 94103	Class A	06/02/2025	4809	619639.65
Elinor Mertz 888 Brannan Street San Francisco CA 94103	Class A	06/04/2025	6250	826750.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Airbnb (ABNB) shares does the insider plan to sell?

The Form 144 covers 6,250 Class A shares.

What is the estimated value of the proposed ABNB share sale?

Aggregate market value is listed at $849,125.

When will the ABNB shares be sold?

The approximate sale date is 07 July 2025 on NASDAQ.

How significant is the sale relative to Airbnb’s share count?

It represents roughly 0.0014 % of the 431.6 million shares outstanding.

Has this insider sold ABNB shares recently?

Yes, 23,559 shares were sold between April and June 2025 for $2.97 million in gross proceeds.

Where did the shares originate?

They were acquired via restricted-stock vesting in 2022 (3,572 shares) and 2023 (2,678 shares).