Airbnb (ABNB) insider discloses Rule 10b5-1 stock sales

Rhea-AI Filing Summary

Airbnb, Inc. reported insider stock sales by a director and 10% owner. On December 15, 2025, the reporting person, holding shares indirectly through the Sycamore Trust, sold multiple blocks of Airbnb Class A common stock in open-market transactions.

The reported sales included 6,325 shares at a weighted average price of $128.7365, 10,075 shares at $129.3545, 20,597 shares at $130.6648, 19,329 shares at $131.5509, and 1,674 shares at $132.0383, along with an additional 2,860-share disposition. These transactions were made under a Rule 10b5-1 trading plan adopted on August 29, 2025. After these sales, the Sycamore Trust’s indirect beneficial ownership was reported as 634,015 Class A shares.

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).

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^*

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)
12/15/2025

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	12/15/2025		S(1)		6,325	D	$128.7365(2)	685,690	I	By Sycamore Trust
Class A Common Stock	12/15/2025		S(1)		10,075	D	$129.3545(3)	675,615	I	By Sycamore Trust
Class A Common Stock	12/15/2025		S(1)		20,597	D	$130.6648(4)	655,018	I	By Sycamore Trust
Class A Common Stock	12/15/2025		S(1)		19,329	D	$131.5509(5)	635,689	I	By Sycamore Trust
Class A Common Stock	12/15/2025		S(1)		1,674	D	$132.0383(6)	634,015	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 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 $128.32 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 $129.00 to $129.99. 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 $130.08 to $130.98. 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 $131.99. 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.01 to $132.10. 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	12/17/2025
	** 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).
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FAQ

What insider transaction did Airbnb (ABNB) report in this Form 4?

The filing reports that a director and 10% owner of Airbnb, Inc., holding shares indirectly through the Sycamore Trust, sold multiple blocks of Airbnb Class A common stock on December 15, 2025.

How many Airbnb Class A shares were sold in the largest reported transaction?

The largest single transaction disclosed in the filing shows the sale of 20,597 Class A shares at a weighted average price of $130.6648 on December 15, 2025.

At what prices did the Airbnb (ABNB) insider sell shares?

The filing lists weighted average sale prices of $128.7365, $129.3545, $130.6648, $131.5509, and $132.0383, with each price representing multiple trades within specified ranges.

Were the Airbnb insider sales made under a Rule 10b5-1 trading plan?

Yes. The explanation states that the sales were effected pursuant to a Rule 10b5-1 trading plan that was adopted on August 29, 2025.

How many Airbnb shares did the Sycamore Trust hold after these transactions?

After the reported sales on December 15, 2025, the Form 4 shows the Sycamore Trust as indirectly beneficially owning 634,015 shares of Airbnb Class A common stock.

What is the reporting person’s relationship to Airbnb, Inc.?

The reporting person is identified as both a Director and a 10% Owner of Airbnb, Inc., with the reported holdings held indirectly through the Sycamore Trust.