Airbnb (ABNB) co-founder Nathan Blecharczyk converts Class B stock via trust
Rhea-AI Filing Summary
Airbnb, Inc. director and Chief Strategy Officer Nathan Blecharczyk reported a conversion of 400 shares of Class B Common Stock held indirectly by a trust into 400 shares of Class A Common Stock on August 11, 2026. Following the conversion, the trust holds 20,117 Class A shares and 45,026,801 Class B shares, while Blecharczyk also holds 81,631.093 Class A shares directly. The Class B shares are convertible into Class A on a one-to-one basis and may also convert automatically under specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 400 shares
Net Buy
3 txns
Insider
Blecharczyk Nathan
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 400 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 400 | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 45,026,801 shares (Indirect, By Trust);
Class A Common Stock — 20,117 shares (Indirect, By Trust);
Class A Common Stock — 81,631.093 shares (Direct)
Footnotes (2)
- 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.
- F2. Includes shares acquired in a pro-rata, distribution in-kind exempt from reporting pursuant to Rule 16a-9.
Key Figures
Class B shares converted: 400 shares
Class A shares received by trust: 400 shares
Class B held by trust after transaction: 45,026,801 shares
+2 more
5 metrics
Class B shares converted
400 shares
Class B Common Stock converted to Class A on August 11, 2026
Class A shares received by trust
400 shares
Class A Common Stock acquired by trust via derivative conversion
Class B held by trust after transaction
45,026,801 shares
Indirect ownership position following the conversion
Indirect Class A held by trust after transaction
20,117 shares
Includes shares from pro-rata, in-kind distribution and conversion
Direct Class A holdings
81,631.093 shares
Directly held Class A Common Stock position reported as a holding entry
Key Terms
Class B Common Stock, Class A Common Stock, pro-rata, distribution in-kind, Rule 16a-9, +1 more
5 terms
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible at any time at the option of the holder into the Issuer's Class A"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
pro-rata, distribution in-kind financial
"Includes shares acquired in a pro-rata, distribution in-kind exempt from reporting"
Rule 16a-9 regulatory
"distribution in-kind exempt from reporting pursuant to Rule 16a-9."
indirect ownership financial
"Indirect ownership noted as By Trust for certain Class A and Class B holdings"
FAQ
What insider transaction did Airbnb (ABNB) report for Nathan Blecharczyk?
Airbnb reported that Nathan Blecharczyk converted 400 Class B shares held by a trust into 400 Class A shares on August 11, 2026, reflecting a derivative security conversion rather than an open-market purchase or sale.
What are Nathan Blecharczyk’s indirect Class A holdings in Airbnb (ABNB) after the conversion?
Following the conversion, the trust indirectly holds 20,117 shares of Airbnb Class A Common Stock. These include the 400 Class A shares received from converting Class B stock and additional shares from a pro-rata, in-kind distribution noted in the filing.
How does Airbnb’s (ABNB) Class B to Class A conversion work for this insider?
The filing states that Class B Common Stock is convertible at any time into Class A on a one-to-one basis at the holder’s option, and may also convert automatically upon certain transfers, an 80% Class B vote, or the IPO’s 20-year anniversary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
