ABNB director and 10% owner report planned Class A stock sales

Rhea-AI Filing Summary

Airbnb, Inc. (ABNB) reported insider share sales by a director and 10% owner. On 11/24/2025, the reporting person sold several blocks of Class A common stock, including 61,657 shares at a weighted average price of $113.774, 169,988 shares at $114.3868, and 355 shares at $115.0454.

These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2025. After the reported sales, examples of reported beneficial holdings include 170,358 shares, 370 shares and 15 shares of Class A common stock held indirectly through Sycamore Trust, plus an additional 2,860 shares reported as directly held.

Insights

Equity Ownership and Insider Transactions Analyst

Large pre‑planned insider sale by a director/10% owner reduces exposure but follows a disclosed Rule 10b5‑1 trading plan.

The filing shows a director and 10% owner of Airbnb, Inc. (ABNB) selling an aggregate of 232,000 Class A shares on 11/24/2025. The sales were executed at weighted average prices around $113.77, $114.39, and $115.05, and were made through the Sycamore Trust, which is reported as an indirect owner. This reduces the reporting person’s beneficial stake but leaves a sizeable remaining position shown in several indirect and direct holdings lines.

The transactions were carried out under a Rule 10b5‑1 trading plan adopted on 02/26/2025, which means they were pre‑scheduled under SEC rules rather than opportunistic trades. The filing explains that each reported price is a weighted average over multiple trades within narrow price ranges, and it commits to provide precise breakdowns on request, which supports transparency of execution. No derivative securities are reported, so the change is limited to common stock holdings.

The key item to monitor is the trend in this shareholder’s ownership over time, as ongoing plan sales would continue to reduce the reported beneficial position. The remaining indirect holdings of 170,358, 370, and 15 shares through Sycamore Trust, plus 2,860 directly held shares, provide a reference point for future Form 4 comparisons after 11/24/2025.

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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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^*

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)
11/24/2025

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	11/24/2025		S(1)		61,657	D	$113.774(2)	170,358	I	By Sycamore Trust
Class A Common Stock	11/24/2025		S(1)		169,988	D	$114.3868(3)	370	I	By Sycamore Trust
Class A Common Stock	11/24/2025		S(1)		355	D	$115.0454(4)	15	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 February 26, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.41 to $113.99. 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.00 to $114.99. 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 $115.02 to $115.05. 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	11/26/2025
	** 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 insider transaction did Airbnb (ABNB) disclose in this Form 4?

The filing shows that a director and 10% owner of Airbnb, Inc. reported multiple sales of Class A common stock on 11/24/2025, including blocks of 61,657, 169,988, and 355 shares.

On what date did the Airbnb (ABNB) insider sell shares and what was the earliest transaction date?

The reported earliest transaction date is 11/24/2025, when the director and 10% owner sold several blocks of Airbnb Class A common stock.

At what prices were the Airbnb (ABNB) shares sold in this Form 4?

The reported weighted average prices were $113.774 for 61,657 shares, $114.3868 for 169,988 shares, and $115.0454 for 355 shares, with each line representing sales across price ranges described in the footnotes.

Was the Airbnb (ABNB) insider sale made under a Rule 10b5-1 trading plan?

Yes. The explanation states that the sales were effected pursuant to a Rule 10b5-1 trading plan that was adopted on February 26, 2025.

How many Airbnb (ABNB) shares does the reporting person beneficially own after these transactions?

After the reported sales, the filing lists examples of beneficial holdings of 170,358 shares, 370 shares, and 15 shares of Class A common stock held indirectly through Sycamore Trust, plus 2,860 shares reported as directly owned.

How were the weighted average prices for the Airbnb (ABNB) insider sales calculated?

The footnotes explain that each reported price in Column 4 is a weighted average price, reflecting multiple transactions within specified price ranges, and that detailed per-trade pricing information is available upon request.