ABNB Form 4: Gebbia Disposes Multiple Class A Lots Under 10b5-1 Plan

Rhea-AI Filing Summary

Joseph Gebbia, a director and reported 10% owner of Airbnb, Inc. (ABNB), reported multiple sales of Class A common stock executed on 09/29/2025 under a Rule 10b5-1 trading plan adopted February 26, 2025. The Form 4 lists sales of 586 shares at a weighted average price of $122.9596, 209,614 shares at a weighted average price of $123.4883, and 25,800 shares at a weighted average price of $124.2571. Following these reported transactions, beneficial ownership figures are shown as 1,175,429, 965,815, and 940,015 shares (indirectly, By Sycamore Trust) respectively. The filings were signed by Attorney-in-fact Brian Savage on 10/01/2025. The Form provides weighted price ranges for each sale series and offers to furnish detailed per-transaction pricing on request.

Positive

• None.

Negative

• Insider sales disclosed: Multiple disposals of Class A common stock by Joseph Gebbia on 09/29/2025 are reported, reducing reported beneficial holdings.
• Large lot reported: A sale of 209,614 shares at a weighted average price of $123.4883 is included, which is a sizable single lot in the Form 4.

Insights

Securities Analyst

TL;DR: Director Joseph Gebbia executed multiple Class A stock sales under a 10b5-1 plan on 09/29/2025; transactions are disclosed in a Form 4.

The Form 4 documents structured sales under an established Rule 10b5-1 trading plan, indicating pre-arranged dispositions rather than ad hoc trades. Reported sale lots include 586 shares at a weighted $122.9596, 209,614 shares at a weighted $123.4883, and 25,800 shares at a weighted $124.2571. Beneficial ownership figures are listed as indirect holdings via Sycamore Trust. From a disclosure perspective, the filing meets Section 16(a) requirements and provides weighted price ranges with an undertaking to furnish per-trade details on request, which aids transparency.

Corporate Governance Expert

TL;DR: Insiders sold shares through a stated 10b5-1 plan, and the Form 4 supplies requisite details and price ranges.

The filing identifies the reporting person as both a director and a 10% owner and specifies that sales were effected pursuant to a 10b5-1 plan adopted on February 26, 2025. The disclosure lists multiple sale lots with weighted-average prices and confirms indirect ownership via Sycamore Trust. The signature by an attorney-in-fact is included. The filing does not include any information about purpose of sales beyond the trading-plan statement.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Gebbia Joseph

(Last) (First) (Middle)

888 BRANNAN STREET

(Street)

SAN FRANCISCO CA 94103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Airbnb, Inc. [ ABNB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/29/2025		S(1)		586	D	$122.9596(2)	1,175,429	I	By Sycamore Trust
Class A Common Stock	09/29/2025		S(1)		209,614	D	$123.4883(3)	965,815	I	By Sycamore Trust
Class A Common Stock	09/29/2025		S(1)		25,800	D	$124.2571(4)	940,015	I	By Sycamore Trust
Class A Common Stock								2,860	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.95 to $122.975. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.02 to $123.99. 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.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.00 to $124.59. 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.

	/s/ Brian Savage, Attorney-in-fact	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Joseph Gebbia report on Form 4 for ABNB?

The Form 4 reports multiple sales of Class A common stock by Joseph Gebbia on 09/29/2025 under a Rule 10b5-1 plan.

How many shares did Gebbia sell on 09/29/2025 according to the Form 4?

The filing lists sales of 586 shares at $122.9596 (weighted), 209,614 shares at $123.4883 (weighted), and 25,800 shares at $124.2571 (weighted).

Were the sales part of a trading plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2025.

How is beneficial ownership described in the filing?

Beneficial ownership following the reported transactions is shown indirectly "By Sycamore Trust" with reported amounts including 1,175,429, 965,815, and 940,015 shares on separate lines.

Who signed the Form 4 filing?

The Form 4 was signed by /s/ Brian Savage, Attorney-in-fact on 10/01/2025.