ABNB Schedule 13G/A: Chesky Reports 66.9M Class A Shares
Rhea-AI Filing Summary
Brian Chesky is reported as the beneficial owner of 66,918,292 shares of Airbnb Class A common stock, equal to 13.5% of the class based on 431,602,213 Class A shares outstanding as disclosed by the issuer. The filing calculates ownership assuming a one-to-one conversion of Class B common stock into Class A common stock.
The filing breaks the total down: 2,101,685 shares held of record, 138,654 in trusts with his investment discretion, 56,041,414 issuable on conversion of Class B shares held of record, 1,930,813 shares over which he retains investment discretion and voting power, and 6,690,460 issuable on conversion of Class B shares held in trusts; 15,266 shares issuable on conversion are held in a trust for which he may remove or replace the trustee and over which he does not have voting or dispositive power. The Reporting Person reports sole voting and sole dispositive power over the 66,918,292 shares and 0 shared voting/dispositive power.
Positive
- 66,918,292 shares beneficially owned, representing a clear disclosure of a 13.5% stake in Class A common stock
- Sole voting and sole dispositive power reported over the entire 66,918,292-share position, clarifying control and authority
- Detailed breakdown of holdings and explicit conversion assumptions (Class B to Class A on a one-to-one basis) increases transparency
Negative
- None.
Insights
TL;DR: Brian Chesky beneficially owns 66.9M ABNB shares (13.5%) with sole voting and dispositive power over that stake.
The Schedule 13G/A discloses a concentrated insider holding equal to 13.5% of Class A shares using the issuer's 431,602,213 share count. The filing explicitly details the composition of that stake, including large amounts issuable upon conversion of Class B shares into Class A shares on a one-to-one basis. The statement also reports sole voting and dispositive authority over the full reported position, which is a material and transparent disclosure of insider control and economic exposure without additional transactional detail.
TL;DR: The filing shows concentrated insider ownership and references a Voting Agreement while disclaiming ownership of other parties' securities.
The document notes the existence of a Voting Agreement dated December 4, 2020, among Brian Chesky, Joseph Gebbia, Nathan Blecharczyk and affiliated trusts, stating those parties may be deemed a group under Rule 13d-3, while the Reporting Person disclaims beneficial ownership of securities owned by the other parties. The filing clarifies which shares are subject to Chesky's investment discretion and which shares in a specified trust he does not control, providing useful governance detail for shareholders evaluating insider influence.