Every Form 4 that Airbnb, Inc. (ABNB) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow ABNB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ABNB filings page.
Airbnb, Inc. (ABNB) reports that Chief Accounting Officer David C. Bernstein exercised stock options for 5,224 shares of Class A Common Stock on September 1, 2026 at an exercise price of $40.18 per share and immediately sold 5,224 shares at $182.49 per share.
The exercised stock option, which was fully vested and currently exercisable, covered 5,224 underlying shares and now shows 0 derivative shares remaining after the transaction. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on May 26, 2026.
Airbnb, Inc. (ABNB) reports that CEO and Chairman Brian Chesky converted 76,500 shares of Class B Common Stock into Class A Common Stock on August 28, 2026, then made a gift of 76,500 Class A shares the same day. Following the conversion, he held 45,582,306 Class B shares directly, with additional indirect holdings through several trusts. The amendment updates Class A and Class B holdings to reflect this gift, and no Rule 10b5-1 trading plan is reported.
Airbnb, Inc. (ABNB) reported that CEO, Chairman, and 10% owner Brian Chesky made a bona fide gift of 76,500 shares of Class A Common Stock on 2026-08-28. Following the gift, he holds 10,425,185 Class A shares directly, plus indirect holdings through several trusts, including 36,054 shares by a 2019 Trust, 251,886 shares by a 2019 Trust A, and 5,854 shares by a 2016 Legacy Trust B.
Airbnb, Inc. (ABNB) reported that director and Chief Strategy Officer Nathan Blecharczyk, through a trust, converted Class B Common Stock into Class A Common Stock and then executed pre-planned transactions. On August 28 and 31, 2026, the trust acquired 74,852 Class A shares via conversions and sold 70,775 Class A shares, plus made a bona fide gift of 4,077 shares, under a Rule 10b5-1 trading plan adopted on August 28, 2025. A direct holding of 74,808.445 Class A shares was reported as of August 28, 2026.
Airbnb, Inc. (ABNB) insider Nathan Blecharczyk, Chief Strategy Officer and major stockholder, reported a conversion and related sales involving shares held indirectly by a trust. On August 26, 2026, 19,659 shares of Class B Common Stock were converted into 19,659 shares of Class A Common Stock on a one-to-one basis. That same day, the trust sold an aggregate 19,659 Class A shares in multiple transactions at weighted average prices between approximately $190.00 and $192.43 per share, under a Rule 10b5-1 trading plan adopted on August 28, 2025. Following the derivative conversion, the reporting person’s trust held 44,476,708 Class B shares, and he also held 74,808.445 Class A shares directly.
Airbnb, Inc. (symbol: ABNB) is the issuer of record for a Form 4 filing submitted to the SEC.
Airbnb, Inc. (ABNB) insider Nathan Blecharczyk, Chief Strategy Officer, director and more-than-10% owner, reported multiple indirect transactions through a trust on August 24–25, 2026. The trust converted 512,292 shares of Class B Common Stock into Class A Common Stock and then sold 353,292 Class A shares in open-market transactions at weighted-average prices around $190–$193 per share. The trust also made a bona fide gift of 159,000 Class A shares. Blecharczyk continues to hold 74,808.445 Class A shares directly. The sales and gift were effected under a Rule 10b5-1 trading plan adopted on August 28, 2025.
Airbnb, Inc. (ABNB) reported that Chief Accounting Officer David C. Bernstein had 1,070.04 shares of Class A common stock disposed of on 2026-08-19 under code F, which reflects payment of exercise price or tax liability by delivering or withholding securities rather than an open-market sale. Following this withholding, he directly holds 48,513.054 shares of Class A common stock.
Airbnb, Inc. (ABNB) insider Nathan Blecharczyk, a director, Chief Strategy Officer and more than 10% owner, reported several equity transactions. On 2026-08-20 he sold 2,738 shares of Class A Common Stock at $184.42 per share, effected under a Rule 10b5-1 trading plan adopted on August 28, 2025. On 2026-08-19, 450 shares of Class B Common Stock held indirectly by a trust were converted into 450 shares of Class A Common Stock, and 4,084.648 Class A shares were delivered or withheld for payment of exercise price or tax liability at $183.25 per share. Following these transactions, a trust associated with him held 20,567 Class A shares and 45,008,659 Class B shares, with the Class B shares convertible into Class A on a one-to-one basis subject to specified conditions.
Airbnb, Inc. (ABNB) reported that its Chief Financial Officer Elinor Mertz disposed of 6,941.699 shares of Class A Common Stock on 2026-08-19 in a transaction coded "F", described as payment of exercise price or tax liability by delivering or withholding securities. Following this withholding-related disposition, she directly holds 434,600.778 shares of Class A Common Stock.
Airbnb, Inc. (ABNB) reported that director and Chief Strategy Officer Nathan Blecharczyk, through a trust, converted 17,692 shares of Class B Common Stock into an equal number of Class A shares, consistent with the Class B one-to-one convertibility terms. On the same date, the trust sold an aggregate of 13,615 Class A shares in open-market transactions at weighted average prices of $182.5383 and $183.5084 per share, and made a bona fide gift of 4,077 Class A shares. Following the derivative conversion, the trust held 45,009,109 Class B shares, and Blecharczyk also held 81,631.093 Class A shares directly. The gift and sales were effected under a Rule 10b5-1 trading plan adopted on August 28, 2025, indicating they were executed pursuant to a pre-arranged plan.
Airbnb, Inc. director Alfred Lin reported several indirect equity restructurings involving Sequoia-managed entities. Sequoia Capital Fund, LP and Sequoia Capital Fund Parallel, LLC converted a total of 4,643,322 shares of Class B Common Stock into the same number of Class A shares on a one-for-one basis, then made pro rata in-kind distributions of Class A shares to partners and members for no consideration. Following these conversions, Sequoia Capital Fund, LP held 11,371,457 Class B shares and Sequoia Capital Fund Parallel, LLC held 1,357,197 Class B shares. Additional Class A shares were transferred to and from an estate planning vehicle, which held 620,319 Class A shares after these transactions, while Lin also held 14,167 Class A shares directly. Lin may be deemed to share voting and dispositive power over Sequoia-held shares but disclaims beneficial ownership beyond his pecuniary interest.
Airbnb, Inc. director and Chief Strategy Officer Nathan Blecharczyk reported a conversion of 400 shares of Class B Common Stock held indirectly by a trust into 400 shares of Class A Common Stock on August 11, 2026. Following the conversion, the trust holds 20,117 Class A shares and 45,026,801 Class B shares, while Blecharczyk also holds 81,631.093 Class A shares directly. The Class B shares are convertible into Class A on a one-to-one basis and may also convert automatically under specified conditions.
Airbnb CEO and Chairman Brian Chesky, through the 2016 Legacy Trust B, converted 20,000 shares of Class B Common Stock into 20,000 shares of Class A Common Stock on August 7, 2026, then executed 14 open-market sales totaling 20,000 Class A shares under a Rule 10b5-1 trading plan adopted on February 26, 2026. Chesky continues to hold substantial Class B positions, including 45,658,806 Class B shares directly, each convertible into Class A on a one-to-one basis.
Airbnb, Inc. CEO and Chairman Brian Chesky reported multiple open-market sales of 200,000 shares of Class A common stock on August 7, 2026, at weighted-average prices generally between the mid-$160s and high-$170s per share. The transactions were effected under a Rule 10b5-1 trading plan adopted on February 26, 2026. Reported indirect holdings include 36,054 shares held by a 2019 Trust and 251,886 shares held by 2019 Trust A.
Airbnb, Inc. reporting person Nathan Blecharczyk, through a trust, converted 690,000 shares of Class B Common Stock into Class A Common Stock on August 7, 2026, and the trust then sold 531,000 Class A shares in multiple open-market transactions at weighted average prices between $165.00 and $177.21 per share. On August 10, 2026, the trust also made a bona fide gift of 159,000 Class A shares. Following the derivative conversion, the trust held 45,027,201 Class B shares, and Blecharczyk also held 81,631.093 Class A shares directly. The gift and sales were effected under a Rule 10b5-1 trading plan adopted on August 28, 2025.
Airbnb, Inc. director Kenneth I. Chenault exercised stock options for 8,346 shares of Class A Common Stock at an exercise price of $59.91 per share and immediately sold the same 8,346 shares at $170.00 per share on August 7, 2026. The exercised stock option, which was fully vested and exercisable, now shows 0 derivative shares remaining. The sales were effected under a Rule 10b5-1 trading plan adopted on August 29, 2025.
Airbnb, Inc. Chief Financial Officer Elinor Mertz reported selling 3,748 shares of Class A Common Stock on August 3, 2026 at an average price of $153.34 per share. The sale was effected under a Rule 10b5-1 trading plan adopted on May 30, 2025. Following this transaction, she directly holds 441,542.477 shares of Airbnb Class A Common Stock.
Airbnb, Inc. director and Chief Strategy Officer Nathan Blecharczyk, through a trust, converted 17,692 Class B shares into Class A on August 3, 2026, then gifted 4,077 Class A shares and sold 13,615 Class A shares at weighted-average prices in ranges from $150.81 to $154.04 per share under a Rule 10b5-1 trading plan adopted August 28, 2025.
The trust continued to hold 45,717,201 Class B shares after the conversion, and Blecharczyk directly held about 81,631 Class A shares.
Nathan Blecharczyk, Airbnb’s Chief Strategy Officer, director and over-10% stockholder, reported a bona fide gift of 4,077 shares of Class A Common Stock on July 30, 2026, transferred indirectly through a trust at $0.00 per share. The gift was effected under a Rule 10b5-1 trading plan adopted on August 28, 2025. Following the transaction, he holds 12,370 Class A shares indirectly via the trust and 81,631.093 shares directly.
Airbnb, Inc. director and 10% owner Joseph Gebbia reported indirect sales of 2,093,303 shares of Class A Common Stock on July 27–28, 2026, through Sycamore Trust. The shares were sold at weighted-average prices, with individual sale price ranges from $143.37 to $153.16 per share as described in the notes. All transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2026. After these sales, Gebbia holds 2,738 Class A shares directly.
Airbnb, Inc. insider Nathan Blecharczyk, Chief Strategy Officer and a more than 10% owner, reported converting 4,077 shares of Class B Common Stock held by a trust into 4,077 shares of Class A Common Stock on July 20, 2026, consistent with the one-to-one convertibility of Class B into Class A. After this conversion, the trust holds 45,734,893 Class B shares and 16,447 Class A shares, and Blecharczyk directly holds 81,631.093 Class A shares.
Airbnb, Inc. director and chief strategy officer Nathan Blecharczyk reported several indirect trust transactions dated July 20, 2026. A trust converted 13,615 shares of Class B common stock into an equal number of Class A shares, then sold 11,967 and 1,648 Class A shares at weighted average prices of $145.3233 and $146.2323, and made a bona fide gift of 4,077 Class A shares. The sales and gift were effected under a Rule 10b5-1 trading plan adopted on August 28, 2025. Following the conversion, 45,738,970 Class B shares were held indirectly by the trust, and Blecharczyk reported 81,631.093 Class A shares held directly.
Airbnb, Inc. director and 10% owner Joseph Gebbia reported two open-market sales of Class A Common Stock by Sycamore Trust, totaling 236,601 shares, on July 15-16, 2026 at weighted average prices of $150.1523 and $150.2263 per share under a Rule 10b5-1 trading plan adopted on February 27, 2026. Following these trades, Sycamore Trust indirectly holds 2,093,518 shares, and Gebbia also holds 2,738 shares directly.
Airbnb, Inc. director and 10% owner Joseph Gebbia, through Sycamore Trust, reported open-market sales of 265,000 Class A Common Stock shares on July 13, 2026 at weighted-average prices from $143.82–$149.83 per share under a Rule 10b5-1 trading plan adopted on February 27, 2026. He also reports 2,738.0000 shares held directly.
Airbnb, Inc. director and ten-percent owner Joseph Gebbia reported an indirect sale of Class A Common Stock through Sycamore Trust. On this date, Sycamore Trust sold 2,460 shares at $150.00 per share in an open-market transaction.
After the sale, Sycamore Trust continued to hold 2,595,119 Airbnb Class A shares indirectly for Gebbia, while he also held 2,738 shares directly. The filing notes that the sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026.
Airbnb, Inc. director and Chief Strategy Officer Nathan Blecharczyk reported several transactions in the company’s Class A and Class B Common Stock, largely through a trust. On July 6, 2026, a trust associated with him converted 17,692 shares of Class B Common Stock into an equal number of Class A shares and then sold a total of 13,615 Class A shares in open-market transactions at weighted average prices around the high-$140s per share. After these transactions, the trust held 95,292 Class A shares and 45,752,585 Class B shares, while he also held 81,631.093 Class A shares directly. On July 8, 2026, the trust made a bona fide gift of 65,230 Class A shares. All reported sales and the gift were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025, indicating these moves were scheduled in advance rather than timed discretionarily.
Airbnb, Inc. director and more than ten percent owner Joseph Gebbia reported an indirect sale of Class A Common Stock through Sycamore Trust. The trust sold 27,733 shares in an open-market transaction at a weighted average price of $150.0141 per share, with individual trade prices ranging from $150.00 to $150.07. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026. Following this sale, Sycamore Trust held 2,597,579 shares, while Gebbia’s directly held position was reported as 2,738 shares after a de minimis adjustment to previously reported holdings.
Airbnb, Inc.'s Chief Financial Officer Elinor Mertz reported an open-market sale of Class A Common Stock. She sold 3,750 shares at a price of $148.01 per share and held 445,290.477 shares of Airbnb stock directly after the transaction. The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on May 30, 2025, indicating it was scheduled in advance rather than timed opportunistically.
Airbnb, Inc. director Kenneth I. Chenault exercised stock options and sold shares in a planned transaction. On Class A Common Stock, he exercised 8,346 shares at $59.91 per share and sold 8,346 shares at $150.00 per share on June 29, 2026.
The sale was carried out under a Rule 10b5-1 trading plan adopted on August 29, 2025, indicating it was pre-scheduled. After these transactions, he directly holds 40,879 shares of Airbnb Class A Common Stock, retaining a sizable remaining position. The exercised stock option is fully vested and exercisable, and it expires on November 27, 2028.
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 2,622,452 shares, and he also held 5,598 shares directly.
Airbnb, Inc. director and Chief Strategy Officer Nathan Blecharczyk reported a combination of share conversions and sales on June 26, 2026. A trust reported converting 96,263 shares of Class B Common Stock into Class A Common Stock on a one-to-one basis, then selling a total of 31,033 Class A shares in three open-market transactions at weighted average prices of $145.5796, $146.5943, and $147.0731. The sales were made under a Rule 10b5-1 trading plan adopted on August 28, 2025. Following these transactions, Blecharczyk holds 81,631.093 Class A shares directly, and the trust holds 77,600 Class A shares and 45,770,277 Class B shares indirectly.
Airbnb, Inc. director and Chief Strategy Officer Nathan Blecharczyk, a more than ten percent owner, reported coordinated stock sales and share conversions. Through a trust, he sold 90,479 shares of Class A Common Stock in open-market transactions on June 24–25, 2026 at weighted average prices between $145.00 and $147.25. These transactions were carried out under a Rule 10b5-1 trading plan adopted on August 28, 2025.
On the same dates, the trust converted 90,479 shares of Class B Common Stock into Class A Common Stock at a $0.00 conversion price and then disposed of the resulting Class A shares. After these moves, indirect holdings shown include 14,483 Class A shares and 45,866,540 Class B shares, while direct Class A ownership is 81,631.093 shares.
Airbnb, Inc. director and ten percent owner Joseph Gebbia reported that Sycamore Trust, an entity through which he holds shares indirectly, sold 265,000 shares of Class A common stock in open-market transactions on June 15, 2026. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026.
The reported weighted average sale prices ranged from about $134.58 to $140.09 per share. Following these transactions, Sycamore Trust was reported to hold 2,917,355 shares of Airbnb Class A common stock, while Gebbia also held 5,598 shares directly.
Airbnb, Inc. CEO and Chairman Brian Chesky reported open-market sales of a total of 30,743 shares of Class A Common Stock on June 15, 2026. The shares were sold at weighted average prices between about $135.00 and $140.10 under a Rule 10b5-1 trading plan adopted on February 26, 2026. Following these sales, he holds 10,701,685 shares directly, in addition to indirect holdings through several family trusts.
Airbnb, Inc. CEO and Chairman Brian Chesky reported pre-planned stock sales. On June 8–9, 2026, he executed open-market sales totaling 41,899 shares of Airbnb Class A Common Stock at weighted average prices around $135–$136 per share, under a Rule 10b5-1 trading plan adopted on February 26, 2026.
Following these transactions, Chesky directly holds 10,732,428 Class A shares. The Form 4 also lists indirect ownership of 251,886, 36,054, and 5,854 Class A shares held through 2019 and 2016 legacy trusts, indicating substantial remaining exposure to Airbnb stock.
Airbnb CEO and Chairman Brian Chesky reported open-market sales of 80,848 shares of Class A Common Stock on June 4 and June 5, 2026, at weighted average prices between $135.00 and $137.20 per share. The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2026. After these sales, Chesky directly holds 10,774,327 Class A shares and also reports additional indirect holdings through several trusts.
Airbnb, Inc. CEO and Chairman Brian Chesky, a more than ten percent owner, reported open-market sales of 62,764 shares of Class A Common Stock on June 2, 2026. The sales were executed at weighted-average prices around $132–$136 per share pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2026.
Following these transactions, Chesky directly holds 10,855,175 shares of Class A Common Stock. He also has indirect holdings through trusts, including 251,886 shares by 2019 Trust A, 36,054 shares by 2019 Trust, and 5,854 shares by 2016 Legacy Trust B.
Airbnb, Inc.’s Chief Financial Officer Elinor Mertz sold 7,433 shares of Class A Common Stock in an open-market transaction. The sale occurred on June 2, 2026 at an average price of $136.24 per share. After this trade, she directly holds about 449,040 shares of Airbnb stock. The filing notes the transaction was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on May 30, 2025, indicating it was scheduled in advance rather than timed discretionarily.
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 3,182,355 shares indirectly, while Gebbia also held 5,598 shares directly, indicating he retains a substantial stake in Airbnb.
Airbnb, Inc. CEO and Chairman Brian Chesky reported open-market sales of a total of 308,450 shares of Class A Common Stock on May 29 and June 1, 2026. The transactions include both direct holdings and shares held through trusts associated with him.
Some of the sales were made by 2016 Legacy Trust B, which holds shares indirectly for Chesky, while others came from his direct ownership. Following these sales, he held 11,094,282 Class A shares directly, plus indirect positions including 251,886 and 36,054 shares in 2019 trusts, and 15,580 shares in 2016 Legacy Trust B.
The filing notes that the sales were executed under a Rule 10b5-1 trading plan adopted on February 26, 2026, with weighted-average sale prices generally ranging from about $132 to $138 per share across multiple transactions.
Airbnb CEO Brian Chesky reported open-market sales of 515,296 shares of Class A Common Stock on May 27–28, 2026. The trades were executed at weighted average prices generally between about $129.80 and $134.68 per share under a Rule 10b5-1 trading plan adopted on February 26, 2026.
Following these sales, Chesky directly holds 11,699,898 Class A shares, and additional shares are held indirectly through several trusts, which together indicate he retains a substantial ownership position in Airbnb.
Airbnb, Inc. director Amrita Ahuja reported a grant of 2,946 restricted stock units (RSUs) of Class A Common Stock. The award carries no cash exercise price and represents compensation rather than an open-market purchase. These RSUs will vest on May 25, 2027, and each unit converts into one share of Class A Common Stock upon vesting. Following this award, Ahuja holds 16,025 Class A shares directly, along with an additional 600 shares held indirectly through a trust.
JORDAN JEFFREY D reported acquisition or exercise transactions in this Form 4 filing.
Airbnb, Inc. director Jeffrey D. Jordan reported a new equity award of 3,003 restricted stock units tied to the company’s Class A Common Stock. The award was granted at no cash cost and will vest on May 25, 2027, with each unit delivering one share when it vests.
After this award, Jordan holds 21,347 Class A shares directly, reflecting his personal position. The filing also shows 111,646 Class A shares held indirectly through the Jordan Family Revocable Trust u/a 8/25/95, highlighting additional family-related ownership in Airbnb.
Manyika James reported acquisition or exercise transactions in this Form 4 filing.
Airbnb, Inc. director James Manyika received an equity grant of 2,927 shares of Class A Common Stock in the form of restricted stock units. These RSUs will vest on May 25, 2027, with each unit delivering one share. Following the award, he directly holds 10,601 shares.
AHRENDTS ANGELA J reported acquisition or exercise transactions in this Form 4 filing.
Airbnb, Inc. director Angela J. Ahrendts reported a compensation-related equity grant. She received 3,022 restricted stock units of Class A Common Stock, awarded at no cash cost per share. These RSUs vest on May 25, 2027, and her direct holdings total 30,885 shares after the award.
CHENAULT KENNETH I reported acquisition or exercise transactions in this Form 4 filing.
Airbnb, Inc. director Kenneth I. Chenault received an equity grant of 3,135 shares of Class A Common Stock in the form of restricted stock units. The award was granted at no cash cost to him and represents part of his compensation.
These restricted stock units are scheduled to vest on May 25, 2027, and each unit carries the right to receive one share of Class A Common Stock upon vesting. Following this grant, Chenault directly holds a total of 40,879 shares, showing his ongoing equity stake in Airbnb.
Airbnb, Inc. director Alfred Lin reported an equity award of 2,890 restricted stock units of Class A Common Stock. These units were granted at no cash cost and will vest on May 25, 2027, with each unit converting into one Class A share upon vesting.
Following this award, Lin holds 14,167 Class A shares directly. The filing also lists indirect holdings through an estate planning vehicle and Sequoia Capital investment entities, where Lin may share voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest.
Airbnb, Inc. director and 10% owner Joseph Gebbia reported a mix of insider transactions. Through Sycamore Trust, he sold 2,860 shares of Class A Common Stock on May 26, 2026 in open-market trades at prices within ranges from $132.27 to $136.03, executed under a Rule 10b5-1 trading plan adopted on August 29, 2025. Following these sales, Sycamore Trust held 3,447,355 Class A shares.
On May 25, 2026, Gebbia received an award of 2,738 restricted stock units that will vest on May 25, 2027, each settling into one Class A share. He also converted 200 shares of Class B Common Stock into 200 Class A shares and continues to hold substantial Class B shares indirectly, which are convertible into Class A on a one-to-one basis.
Airbnb, Inc. Chief Strategy Officer Nathan Blecharczyk reported several equity transactions involving the company’s common stock. On May 20, 2026, he completed an open-market sale of 2,739 shares of Class A Common Stock at $131.40 per share, leaving 81,631.093 Class A shares held directly.
On May 19, 2026, 4,084.139 Class A shares were disposed of to cover tax obligations at $134.40 per share, which is a tax-withholding event rather than an open-market sale. That same day, a trust associated with him converted 450 shares of Class B Common Stock into Class A on a one-to-one basis, and continues to hold 45,957,019 Class B shares indirectly. The filing notes that the sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025.