Were Joseph Gebbia’s Airbnb (ABNB) share sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2026, indicating the transactions were pre-arranged rather than timed at the insider’s discretion.

Airbnb (ABNB) insider Gebbia’s Sycamore Trust sells 265,000 shares under 10b5-1 plan

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Airbnb, Inc. insider activity: On June 1, 2026, shares of Airbnb Class A common stock associated with director and ten percent owner Joseph Gebbia were sold by Sycamore Trust, an entity through which he holds shares. Sycamore Trust sold a total of 265,000 shares in open-market transactions at weighted average prices, with individual trades ranging from $132.11 to $137.92 per share, under a Rule 10b5-1 trading plan adopted on February 27, 2026. After these sales, Sycamore Trust continued to hold 3,435,755 shares indirectly, while Gebbia also held 5,598 shares directly, indicating he retains a substantial stake in Airbnb.

Insider Trade Summary 10b5-1

Net Seller: 265,000 shares ($35,893,438)

Net Sell 7 txns

Insider Gebbia Joseph

Role null

Sold 265,000 shs ($35.89M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	11,600	$132.5186	$1.54M
Sale	Class A Common Stock	49,400	$133.4867	$6.59M
Sale	Class A Common Stock	48,600	$134.5158	$6.54M
Sale	Class A Common Stock	54,099	$135.3717	$7.32M
Sale	Class A Common Stock	25,050	$136.352	$3.42M
Sale	Class A Common Stock	76,251	$137.5119	$10.49M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 3,435,755 shares (Indirect, By Sycamore Trust); Class A Common Stock — 5,598 shares (Direct, null)

Footnotes (1)

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.11 to $132.98. 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. 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 $133.99. 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. 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 $134.995. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.00 to $135.98. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.06 to $136.99. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.00 to $137.92. 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.

Key Figures

Shares sold: 265,000 shares Lowest trade price: $132.11 per share Highest trade price: $137.92 per share +3 more

6 metrics

Shares sold 265,000 shares Total Airbnb Class A shares sold by Sycamore Trust on June 1, 2026

Lowest trade price $132.11 per share Lower end of price range for reported Sycamore Trust sales

Highest trade price $137.92 per share Upper end of price range for reported Sycamore Trust sales

Post-sale indirect holdings 3,435,755 shares Airbnb Class A shares held indirectly by Sycamore Trust after transactions

Post-sale direct holdings 5,598 shares Airbnb Class A shares held directly by Joseph Gebbia as of June 1, 2026

Sample weighted average price $137.5119 per share One reported weighted average sale price for a transaction block

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, indirect ownership, +1 more

5 terms

Rule 10b5-1 trading plan financial

"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: By Sycamore Trust"

ten percent owner financial

"is_ten_percent_owner: 1 for reporting person Joseph Gebbia"

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 05:42 PM

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).

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

CALIFORNIA

94103

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/01/2026		S⁽¹⁾		11,600	D	$132.5186⁽²⁾	3,435,755	I	By Sycamore Trust
Class A Common Stock	06/01/2026		S⁽¹⁾		49,400	D	$133.4867⁽³⁾	3,386,355	I	By Sycamore Trust
Class A Common Stock	06/01/2026		S⁽¹⁾		48,600	D	$134.5158⁽⁴⁾	3,337,755	I	By Sycamore Trust
Class A Common Stock	06/01/2026		S⁽¹⁾		54,099	D	$135.3717⁽⁵⁾	3,283,656	I	By Sycamore Trust
Class A Common Stock	06/01/2026		S⁽¹⁾		25,050	D	$136.352⁽⁶⁾	3,258,606	I	By Sycamore Trust
Class A Common Stock	06/01/2026		S⁽¹⁾		76,251	D	$137.5119⁽⁷⁾	3,182,355	I	By Sycamore Trust
Class A Common Stock								5,598	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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, 2026.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.11 to $132.98. 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.

3. 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 $133.99. 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 $134.00 to $134.995. 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 $135.00 to $135.98. 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.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.06 to $136.99. 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.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.00 to $137.92. 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	06/03/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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

Joseph Gebbia reported that Sycamore Trust, an entity through which he holds Airbnb shares, sold 265,000 Class A shares on June 1, 2026 in multiple open-market transactions at weighted average prices.

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

Sycamore Trust sold 265,000 Airbnb Class A shares on June 1, 2026. The weighted average prices for the sales reflected individual trades executed between $132.11 and $137.92 per share in several open-market transactions.

How many Airbnb (ABNB) shares does Sycamore Trust hold after the reported sales?

After selling 265,000 shares, Sycamore Trust held 3,435,755 Airbnb Class A shares indirectly associated with Joseph Gebbia. This post-transaction balance is reported directly in the Form 4 as the total indirect holdings following the sales.

Does Joseph Gebbia still hold Airbnb (ABNB) shares directly after these transactions?

Yes. In addition to the indirect holdings through Sycamore Trust, the Form 4 shows Joseph Gebbia directly owns 5,598 Airbnb Class A shares as of June 1, 2026, reported as a separate direct holding entry.

What is the nature of ownership for the Airbnb (ABNB) shares sold in this Form 4?

The sold Airbnb shares are reported as indirect ownership labeled “By Sycamore Trust.” This means the transactions are attributed to Sycamore Trust, an entity associated with Joseph Gebbia, rather than to his direct personal holdings.