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Airbnb CTO Aristotle Balogh disposes 600 Class A shares via 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Aristotle N. Balogh, Chief Technology Officer of Airbnb, Inc. (ABNB), reported a sale of 600 shares of Class A common stock on 09/18/2025 at a price of $123.74 per share. The filing shows the sale was made pursuant to a Rule 10b5-1 trading plan adopted on 02/27/2025. After the reported transaction, Mr. Balogh is listed as beneficially owning 199,605.973 shares of Class A common stock in a direct ownership form. The Form 4 was signed by an attorney-in-fact on 09/22/2025.

Positive

  • Sale executed under a Rule 10b5-1 plan, indicating preauthorization and reduced insider timing concerns
  • Reporting completed with required Form 4 details including transaction date, price, and post-transaction holdings

Negative

  • Insider disposed of shares (600 Class A shares), which may attract investor attention despite being modest in size
  • Filing lacks context such as percentage ownership or prior holdings, limiting assessment of materiality

Insights

TL;DR: A prearranged Rule 10b5-1 sale of a small number of shares by the CTO, preserving compliance and limiting timing concerns.

The filing documents a modest disposition of 600 Class A shares by the CTO under a Rule 10b5-1 plan adopted on 02/27/2025, which is a common mechanism for insiders to trade while mitigating insider trading risk. The retained direct beneficial ownership of 199,605.973 shares remains sizable in absolute terms; the filing does not disclose percentage ownership or the total outstanding share count, so materiality relative to holdings cannot be fully assessed from this Form 4 alone. No derivatives or other transactions are reported.

TL;DR: Routine insider sale under a 10b5-1 plan; transaction size appears immaterial on its face.

The sale of 600 shares at $123.74 is explicitly linked to a preexisting 10b5-1 plan, indicating the trade was preauthorized. The Form 4 shows direct beneficial ownership of 199,605.973 Class A shares after the sale, but the filing does not provide context such as prior holdings, percentage ownership, or whether additional plan-based transactions are scheduled. Based solely on the numbers reported, this single disposition is small and routine rather than a material corporate event.

Insider BALOGH ARISTOTLE N
Role Chief Technology Officer
Sold 600 shs ($74K)
Type Security Shares Price Value
Sale Class A Common Stock 600 $123.74 $74K
Holdings After Transaction: Class A Common Stock — 199,605.973 shares (Direct)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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*
BALOGH ARISTOTLE N
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025
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 09/18/2025 S(1) 600 D $123.74 199,605.973 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 27, 2025.
/s/ Brian Savage, Attorney-in-fact 09/22/2025
** 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.
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) insider Aristotle Balogh sell?

He sold 600 shares of Class A common stock on 09/18/2025 at $123.74 per share.

Was the sale by the ABNB CTO prearranged?

Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on 02/27/2025.

How many ABNB shares does Aristotle Balogh beneficially own after the sale?

The Form 4 reports 199,605.973 shares (direct ownership) following the transaction.

When was this Form 4 signed and who signed it?

The Form 4 was signed by an attorney-in-fact, /s/ Brian Savage, on 09/22/2025.

Does the filing report any derivative transactions for ABNB by this reporting person?

No. Table II for derivative securities contains no reported transactions in this filing.