Airbnb CSO logs share conversion, tax stock move
Airbnb Chief Strategy Officer Nathan Blecharczyk reported mixed equity transactions involving Class A and Class B shares.
Rhea-AI Filing Summary
Airbnb Chief Strategy Officer Nathan Blecharczyk reported mixed equity transactions involving Class A and Class B shares. Through a trust, he converted 400 shares of Class B Common Stock into 400 shares of Class A Common Stock at a stated price of $0.0000 per share in a derivative conversion.
Separately, 2,457.991 shares of Class A Common Stock were disposed of at $124.27 per share to satisfy tax or exercise obligations via share delivery. After these transactions, directly held Class A shares totaled 53,510.232, while the trust held 46,053,797 Class B shares and 11,920 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 400 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,457.991 | $124.27 | $305K |
| Conversion | Class A Common Stock | 400 | $0.00 | $0.00 |
Footnotes (1)
- 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.
FAQ
What transactions did Airbnb (ABNB) executive Nathan Blecharczyk report on this Form 4?
What are Nathan Blecharczyk’s indirect Airbnb (ABNB) holdings via a trust after the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.