Airbnb CTO Executes 10b5-1 Sale; Retains 200,805.973 Shares

Rhea-AI Filing Summary

Aristotle N. Balogh, Chief Technology Officer of Airbnb, Inc. (ABNB), reported a sale of Class A common stock. The Form 4 discloses a transaction on 09/04/2025 in which the reporting person disposed of 600 shares at a price of $124.65 per share. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2025. After the reported disposition, the filing shows 200,805.973 shares of Class A common stock beneficially owned directly by the reporting person. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating a pre-established, documented trading arrangement
• Significant retained direct ownership after the sale: 200,805.973 shares, showing continued alignment with shareholders

Negative

• Disposition of 600 shares reduces the reporting person's holdings, though the filing does not indicate materiality relative to total holdings

Insights

Securities Analyst

TL;DR: Routine, small insider sale executed under a 10b5-1 plan; notable only for maintaining sizable direct ownership.

The sale of 600 shares at $124.65 appears to be a scheduled disposition under an existing Rule 10b5-1 plan adopted February 27, 2025, which provides affirmative defense to insider trading claims when conditions are met. The reported post-transaction direct beneficial ownership of 200,805.973 shares indicates the reporting person retains a material equity stake. There are no derivative transactions disclosed and no indications of unscheduled or opportunistic sales in this filing.

Corporate Governance Expert

TL;DR: Governance-compliant execution: trade follows a documented 10b5-1 plan and is properly reported on Form 4.

The disclosure shows adherence to Rule 10b5-1 procedures, including an explicit statement that the sales were effected pursuant to a plan adopted on February 27, 2025. The Form 4 includes required details: transaction code, number of shares sold, and price. The signature by an attorney-in-fact is acceptable for reporting purposes. From a governance perspective, this filing reflects standard insider reporting and compliance rather than a red flag.

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)
09/04/2025

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	09/04/2025		S(1)		600	D	$124.65	200,805.973	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	09/08/2025
	** 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.

FAQ

What did ABNB insider Aristotle N. Balogh report on Form 4?

The Form 4 reports that Aristotle N. Balogh, CTO, sold 600 shares of Class A common stock at $124.65 per share on 09/04/2025.

Was the ABNB sale part of a 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2025.

How many ABNB shares does the reporting person own after the transaction?

The Form 4 shows 200,805.973 shares of Class A common stock beneficially owned directly following the reported transaction.

Did the Form 4 disclose any derivative transactions for ABNB?

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

Who signed the Form 4 for Aristotle N. Balogh?

The Form 4 was signed by Brian Savage, Attorney-in-fact on behalf of the reporting person.