Airbnb (NASDAQ: ABNB) insider trust sells 294,903 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Airbnb, Inc. director and ten percent owner Joseph Gebbia reported that an entity associated with him, Sycamore Trust, sold 294,903 shares of Class A Common Stock in open-market transactions on June 29, 2026.
The sales were made at weighted average prices between approximately $145.90 and $150.18 per share under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026. Following these transactions, Gebbia’s indirect holdings through Sycamore Trust were 2,917,155 shares, and he also held 5,598 shares directly.
Positive
- None.
Negative
- None.
Insights
Pre-planned trust sales trim, but do not overhaul, Gebbia’s Airbnb stake.
The filing shows Sycamore Trust, an entity associated with Joseph Gebbia, sold 294,903 Airbnb Class A shares via multiple open-market trades on June 29, 2026. Prices ranged from about $145.90 to $150.18 per share, with each line item reported as a weighted average.
The footnotes state these sales were executed under a Rule 10b5-1 trading plan adopted on February 27, 2026, indicating the disposition was pre-scheduled rather than opportunistic. After the transactions, indirect holdings through Sycamore Trust were 2,917,155 shares, plus 5,598 shares held directly, so Gebbia retains a substantial position. Overall, this looks like a planned liquidity event rather than a fundamental change in insider alignment.
Insider Trade Summary 10b5-1
Net Seller: 294,903 shares ($43,771,373)
Net Sell
7 txns
Insider
Gebbia Joseph
Role
null
Sold
294,903 shs ($43.77M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 200 | $145.90 | $29K |
| Sale | Class A Common Stock | 21,199 | $146.6079 | $3.11M |
| Sale | Class A Common Stock | 77,722 | $147.6945 | $11.48M |
| Sale | Class A Common Stock | 119,275 | $148.4066 | $17.70M |
| Sale | Class A Common Stock | 46,304 | $149.5013 | $6.92M |
| Sale | Class A Common Stock | 30,203 | $150.0326 | $4.53M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,917,155 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 $146.07 to $146.99. 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 $147.00 to $147.9962. 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 $148.00 to $148.99. 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 $149.00 to $149.99. 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 $150.00 to $150.18. 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: 294,903 shares
Sale price range: $145.90–$150.18 per share
Indirect holdings after sale: 2,917,155 shares
+3 more
6 metrics
Shares sold
294,903 shares
Open-market sales on June 29, 2026
Sale price range
$145.90–$150.18 per share
Weighted-average prices across multiple trades
Indirect holdings after sale
2,917,155 shares
Sycamore Trust, post-transaction
Direct holdings after sale
5,598 shares
Direct ownership by Joseph Gebbia
Rule 10b5-1 adoption date
February 27, 2026
Trading plan governing these sales
Net share change
-294,903 shares
Net sell direction for this Form 4
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, indirect ownership, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"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"
Class A Common Stock financial
"security_title: Class A Common Stock"
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.
ten percent owner regulatory
"is_ten_percent_owner: 1"
