Were Joseph Gebbia’s Airbnb share sales made under a Rule 10b5-1 plan?

Yes. The Form 4 states the reported Airbnb share sales were executed under a Rule 10b5-1 trading plan adopted on August 29, 2025. Such plans pre-schedule trades, indicating these transactions were arranged in advance rather than timed discretionarily by the insider.

What are Joseph Gebbia’s direct Airbnb share holdings after the Form 4 transactions?

In addition to the trust’s indirect holdings, the filing shows Joseph Gebbia directly owns 2,860 Airbnb Class A shares after these transactions. This direct position is reported separately from the Sycamore Trust stake, which is categorized as indirect beneficial ownership.

Airbnb (ABNB) director Gebbia’s Sycamore Trust sells 58K shares under plan

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Airbnb, Inc. director and ten-percent owner Joseph Gebbia reported that Sycamore Trust, an entity associated with him, sold 58,000 shares of Class A Common Stock in open-market transactions on March 9, 2026.

The shares were sold in multiple trades at weighted average prices generally between $128.44 and $134.23, under a Rule 10b5-1 trading plan adopted on August 29, 2025. Following these sales, Sycamore Trust held 286,015 Class A shares, and Gebbia also held 2,860 Class A shares directly.

Insider Trade Summary 10b5-1

Net Seller: 58,000 shares ($7,613,827)

Net Sell 8 txns

Insider Gebbia Joseph

Role Director, 10% Owner

Sold 58,000 shs ($7.61M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,100	$128.7192	$399K
Sale	Class A Common Stock	9,300	$129.3536	$1.20M
Sale	Class A Common Stock	17,853	$130.7259	$2.33M
Sale	Class A Common Stock	14,047	$131.4243	$1.85M
Sale	Class A Common Stock	1,600	$132.3661	$212K
Sale	Class A Common Stock	7,955	$133.7971	$1.06M
Sale	Class A Common Stock	4,145	$134.0652	$556K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 340,915 shares (Indirect, By Sycamore Trust); Class A Common Stock — 2,860 shares (Direct)

Footnotes (1)

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 29, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.44 to $128.99. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.06 to $129.76. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.05 to $130.99. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.00 to 131.94. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.00 to $132.96. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.18 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. 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 134.23. 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.

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Form 4 Insider Transactions: What Each Field Means →

03/11/2026 - 05:37 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Gebbia Joseph

(Last)

(First)

(Middle)

888 BRANNAN STREET

(Street)

SAN FRANCISCO

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)
03/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/09/2026		S⁽¹⁾		3,100	D	$128.7192⁽²⁾	340,915	I	By Sycamore Trust
Class A Common Stock	03/09/2026		S⁽¹⁾		9,300	D	$129.3536⁽³⁾	331,615	I	By Sycamore Trust
Class A Common Stock	03/09/2026		S⁽¹⁾		17,853	D	$130.7259⁽⁴⁾	313,762	I	By Sycamore Trust
Class A Common Stock	03/09/2026		S⁽¹⁾		14,047	D	$131.4243⁽⁵⁾	299,715	I	By Sycamore Trust
Class A Common Stock	03/09/2026		S⁽¹⁾		1,600	D	$132.3661⁽⁶⁾	298,115	I	By Sycamore Trust
Class A Common Stock	03/09/2026		S⁽¹⁾		7,955	D	$133.7971⁽⁷⁾	290,160	I	By Sycamore Trust
Class A Common Stock	03/09/2026		S⁽¹⁾		4,145	D	$134.0652⁽⁸⁾	286,015	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 29, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.44 to $128.99. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.06 to $129.76. 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 $130.05 to $130.99. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.00 to 131.94. 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.00 to $132.96. 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.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.18 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.

8. 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 134.23. 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	03/11/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Airbnb (ABNB) disclose in Joseph Gebbia’s latest Form 4?

Airbnb disclosed that Sycamore Trust, associated with director and ten-percent owner Joseph Gebbia, sold 58,000 Class A shares on March 9, 2026. The filing details open-market sales, weighted average prices, and Gebbia’s remaining direct and indirect holdings after these transactions.

How many Airbnb (ABNB) shares did Sycamore Trust sell and at what prices?

Sycamore Trust sold a total of 58,000 Airbnb Class A shares in several open-market trades. Weighted average prices for these trades correspond to ranges from $128.44 up to $134.23, as described in multiple price-range footnotes accompanying the reported transactions.

How many Airbnb (ABNB) shares does Sycamore Trust hold after these sales?

After the reported transactions, Sycamore Trust held 286,015 Airbnb Class A shares. This figure reflects its remaining indirect ownership position associated with Joseph Gebbia, following the aggregate sale of 58,000 shares disclosed for March 9, 2026 in the Form 4.

How many total Airbnb shares were reported sold in Joseph Gebbia’s Form 4 summary?

The transaction summary reports 58,000 Airbnb Class A shares sold across seven non-derivative open-market transactions. It characterizes the net activity as “net-sell,” with no reported option exercises, gifts, tax withholdings, or derivative transactions in this particular Form 4 filing.