Insider at Airbnb (ABNB) sells 2,860 shares and receives new RSUs
Rhea-AI Filing Summary
Airbnb, Inc. director and 10% owner Joseph Gebbia reported a mix of insider transactions. Through Sycamore Trust, he sold 2,860 shares of Class A Common Stock on May 26, 2026 in open-market trades at prices within ranges from $132.27 to $136.03, executed under a Rule 10b5-1 trading plan adopted on August 29, 2025. Following these sales, Sycamore Trust held 3,447,355 Class A shares.
On May 25, 2026, Gebbia received an award of 2,738 restricted stock units that will vest on May 25, 2027, each settling into one Class A share. He also converted 200 shares of Class B Common Stock into 200 Class A shares and continues to hold substantial Class B shares indirectly, which are convertible into Class A on a one-to-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Gebbia Joseph
Role
Director, 10% Owner
Sold
2,860 shs ($382K)
Approx. gross sale proceeds
$382K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 780 | $132.7489 | $104K |
| Sale | Class A Common Stock | 1,552 | $133.3078 | $207K |
| Sale | Class A Common Stock | 336 | $134.5414 | $45K |
| Sale | Class A Common Stock | 188 | $135.3729 | $25K |
| Sale | Class A Common Stock | 4 | $136.015 | $544.06 |
| Conversion | Class B Common Stock | 200 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 200 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 2,738 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 24,675,380 shares (Indirect, By Sycamore Trust);
Class A Common Stock — 5,598 shares (Direct);
Class A Common Stock — 3,447,355 shares (Indirect, By Sycamore Trust);
Class B Common Stock — 92,400 shares (Indirect, By Ulderico LLC);
Class B Common Stock — 1,000,000 shares (Indirect, By Guernica LLC);
Class B Common Stock — 2,000,000 shares (Indirect, By Guernica 2, LLC);
Class B Common Stock — 3,000,000 shares (Indirect, By Guernica 3, LLC);
Class B Common Stock — 352,000 shares (Indirect, By LLC)
Footnotes (8)
- 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 an award of restricted stock units, which will vest on May 25, 2027. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 29, 2025.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.27 to $132.99. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.00 to $133.99. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.00 to $134.9788. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.0034 to $135.92. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.00 to $136.03. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 2,860 shares
Sale price range: $132.27–$136.03 per share
Class A holdings after sale: 3,449,435 shares
+4 more
7 metrics
Shares sold
2,860 shares
Class A sales via Sycamore Trust on May 26, 2026
Sale price range
$132.27–$136.03 per share
Weighted-average price ranges across multiple trades
Class A holdings after sale
3,449,435 shares
Indirect Class A stake via Sycamore Trust after transactions
RSU award
2,738 units
Restricted stock units vesting May 25, 2027 into Class A shares
Conversion shares
200 shares
Class B converted into Class A on May 25, 2026
Guernica 3 underlying
3,000,000 shares
Class A underlying indirectly via Guernica 3, LLC from Class B
Net share change
-2,860 shares
Net buy/sell shares in transaction summary (net-sell direction)
Key Terms
Rule 10b5-1 trading plan, restricted stock units, Class B Common Stock, derivative security, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 29, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Represents an award of restricted stock units, which will vest on May 25, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class B Common Stock financial
"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."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative security financial
"Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Joseph Gebbia report for Airbnb (ABNB)?
Joseph Gebbia reported both sales and acquisitions. He sold 2,860 Airbnb Class A shares in open-market trades and received 2,738 restricted stock units plus 200 Class A shares from a Class B conversion.
What new Airbnb (ABNB) equity did Joseph Gebbia receive in this Form 4?
Gebbia received 2,738 restricted stock units that vest on May 25, 2027. Each unit represents a contingent right to one Class A share, adding to his future direct equity exposure if vesting conditions are met.
What is the relationship between Airbnb Class B and Class A stock in Gebbia’s holdings?
The filing explains Class B shares are convertible into Class A on a one-to-one basis. Gebbia indirectly holds significant Class B positions through entities like Guernica LLCs, which can be turned into equivalent numbers of Class A shares.