Gebbia trust trims Airbnb (NASDAQ: ABNB) stake via 10b5-1 sale

Rhea-AI Filing Summary

Airbnb, Inc. director and 10% owner Joseph Gebbia reported insider sales of Class A common stock held through Sycamore Trust. On January 26, 2026, Sycamore Trust sold a total of 58,000 shares in four transactions at weighted average prices between $131.7147 and $134.1464, under a Rule 10b5-1 trading plan adopted on August 29, 2025. Following these sales, Gebbia indirectly holds 460,015 shares through Sycamore Trust and directly holds 2,860 shares of Airbnb Class A common stock.

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
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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)
01/26/2026

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	01/26/2026		S(1)		1,700	D	$131.7147(2)	516,315	I	By Sycamore Trust
Class A Common Stock	01/26/2026		S(1)		14,313	D	$132.6717(3)	502,002	I	By Sycamore Trust
Class A Common Stock	01/26/2026		S(1)		36,164	D	$133.4554(4)	465,838	I	By Sycamore Trust
Class A Common Stock	01/26/2026		S(1)		5,823	D	$134.1464(5)	460,015	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 $131.62 to $131.93. 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 $132.03 to $132.99. 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 $133.00 to $133.9924. 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 $134.00 to $134.43. 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	01/28/2026
	** 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.
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FAQ

What insider transaction did Joseph Gebbia report for Airbnb (ABNB)?

Joseph Gebbia reported that Sycamore Trust, associated with him, sold Airbnb Class A shares. On January 26, 2026, the trust executed multiple sales totaling 58,000 shares at weighted average prices between $131.7147 and $134.1464 under a pre-arranged Rule 10b5-1 trading plan.

How many Airbnb (ABNB) shares did Sycamore Trust sell and at what prices?

Sycamore Trust sold 58,000 Airbnb Class A shares in four blocks. The weighted average sale prices were $131.7147, $132.6717, $133.4554, and $134.1464, with each block executed through multiple trades within narrow price ranges disclosed in the filing footnotes.

What is the Rule 10b5-1 trading plan mentioned in the Airbnb (ABNB) Form 4?

The Form 4 states the sales were made under a Rule 10b5-1 trading plan adopted on August 29, 2025. Such plans pre-schedule trades, allowing insiders to systematically sell shares according to preset instructions, helping separate trading activity from day-to-day discretionary decisions.

How many Airbnb (ABNB) shares does Joseph Gebbia own after these transactions?

After the reported sales, Joseph Gebbia indirectly owns 460,015 Airbnb Class A shares through Sycamore Trust and directly holds 2,860 shares. These figures come from the post-transaction ownership columns in the Form 4, which show his remaining beneficial holdings in the company.

Were the Airbnb (ABNB) insider sales by Joseph Gebbia direct or through a trust?

The reported sales were indirect, executed "By Sycamore Trust" rather than directly by Joseph Gebbia. The Form 4 classifies these holdings as indirect ownership, indicating the shares are held through the trust while still being reported as part of his beneficial ownership.

How are the sale prices for the Airbnb (ABNB) insider trades calculated?

Each reported price is a weighted average for multiple trades at slightly different levels. Footnotes explain that trades occurred within specific ranges, such as $131.62 to $131.93, and the reporting person will provide detailed trade data for each price point upon request.