[SCHEDULE 13G/A] Soleno Therapeutics, Inc. SEC Filing

Rhea-AI Filing Summary

Airbnb, Inc. (ABNB) – Form 144 insider notice

Insider Aristotle Balogh intends to sell 600 Class A shares on 08-07-2025 via Fidelity Brokerage, worth roughly $72.3 k. This represents just 0.00014 % of Airbnb’s 429.1 m shares outstanding, making the transaction immaterial to the company’s capital structure.

The filing also lists 6,875 shares (≈ $0.92 m gross proceeds) already sold between 05-29-2025 and 07-31-2025 in nine weekly blocks of 600 shares plus one block of 1,475 shares. The shares being sold derive from restricted-stock vesting on 05-19-2025 and constitute routine compensation-related liquidity.

No earnings metrics, strategic developments or company-level disclosures accompany the filing; it is solely a Rule 144 notice of a modest, pre-disclosed insider sale.

Positive

• Sale represents only 0.00014 % of shares outstanding, posing no dilution or balance-sheet impact
• Disclosure signals transparency and compliance with Rule 144 and 10b5-1 procedures

Negative

• Continued insider selling (6,875 shares in prior 3 months) could be perceived negatively by some investors despite limited size

Insights

Securities Analyst

TL;DR: Small, routine insider sale; negligible impact on ABNB valuation.

The proposed 600-share sale and the prior 6,875-share program equal less than 0.002 % of Airbnb’s float, signalling no balance-sheet effect. Sale stems from vested restricted stock, a common executive liquidity event. Absence of adverse information representations under Rule 144 and the use of a broker suggest procedural compliance. From a valuation standpoint, the filing offers no incremental data on operations, cash flow or guidance; therefore, fundamental outlook remains unchanged.

Portfolio Manager

TL;DR: Insider selling trend worth noting, but size is too small to alter positioning.

Continuing weekly disposals indicate the executive’s desire to diversify personal holdings, not necessarily a bearish signal. Aggregate $0.92 m sold over three months is minor relative to ABNB’s daily trading volume, limiting market impact. I view the filing as informational rather than actionable; portfolio weightings in ABNB should remain driven by earnings momentum and travel demand trends, not this sale.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SOLENO THERAPEUTICS INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

834203309

(CUSIP Number)

07/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 834203309

1

Names of Reporting Persons

FMR LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,698,170.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,833,777.61
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,833,777.61

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.0 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 834203309

1

Names of Reporting Persons

Abigail P. Johnson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,833,777.61
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,833,777.61

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SOLENO THERAPEUTICS INC
(b)	Address of issuer's principal executive offices: 100 MARINE PARKWAY,SUITE 400,REDWOOD CITY,CA,US,94065
Item 2.
(a)	Name of person filing: FMR LLC
(b)	Address or principal business office or, if none, residence: 245 Summer Street, Boston, Massachusetts 02210
(c)	Citizenship: Not applicable
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 834203309
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7833777.61
(b)	Percent of class: 15.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 7833777.61
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of SOLENO THERAPEUTICS INC. No one other person's interest in the COMMON STOCK of SOLENO THERAPEUTICS INC is more than five percent of the total outstanding COMMON STOCK.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FMR LLC

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:	08/06/2025

Abigail P. Johnson

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of Abigail P. Johnson*
Date:	08/06/2025

Comments accompanying signature: *This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.

FAQ

How many Airbnb (ABNB) shares is the insider planning to sell?

The filing covers 600 Class A shares.

What is the market value of the proposed sale?

Approximately $72,300 based on the filing’s reference price.

Who is the selling insider named in the Form 144?

The notice lists Aristotle Balogh as the seller.

How many shares has the insider sold in the last three months?

A total of 6,875 shares were sold between 05-29-2025 and 07-31-2025.

When is the planned sale date for the 600 shares?

The approximate sale date is 08-07-2025.

What percentage of Airbnb’s outstanding shares does this sale represent?

Only about 0.00014 % of the 429,079,558 shares outstanding.