Were Joseph Gebbia’s Airbnb (ABNB) share sales pre-planned under a Rule 10b5-1 plan?

Yes. A footnote explains the reported sales were effected under a Rule 10b5-1 trading plan adopted on August 29, 2025. Such plans pre-schedule trades, making the timing more routine and less indicative of short-term views on Airbnb’s stock.

Joseph Gebbia (ABNB) executes 58K-share Airbnb stock sale via 10b5-1

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Airbnb, Inc. director and ten percent owner Joseph Gebbia reported open-market sales of 58,000 shares of Class A common stock held indirectly through Sycamore Trust. The sales on March 23, 2026 were executed in four blocks at weighted average prices between $130.0692 and $133.9343 per share.

The filing notes that these transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2025. After the sales, 228,015 Airbnb Class A shares are held indirectly by Sycamore Trust and 2,860 shares are held directly in Gebbia’s name.

Insider Trade Summary 10b5-1

Net Seller: 58,000 shares ($7,685,663)

Net Sell 5 txns

Insider Gebbia Joseph

Role Director, 10% Owner

Sold 58,000 shs ($7.69M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,076	$130.4267	$532K
Sale	Class A Common Stock	6,962	$131.6605	$917K
Sale	Class A Common Stock	30,959	$132.5855	$4.10M
Sale	Class A Common Stock	16,003	$133.2693	$2.13M
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 281,939 shares (Indirect, By Sycamore Trust); Class A Common Stock — 2,860 shares (Direct)

Footnotes (1)

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 29, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.0692 to $130.97. 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 $131.00 to $131.9942. 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 $132.00 to $132.9988. 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 $133.00 to $133.9343. 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.

Form 4 Insider Transactions: What Each Field Means →

03/25/2026 - 04:30 PM

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
Estimated average burden
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).

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

CALIFORNIA

94103

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/23/2026		S⁽¹⁾		4,076	D	$130.4267⁽²⁾	281,939	I	By Sycamore Trust
Class A Common Stock	03/23/2026		S⁽¹⁾		6,962	D	$131.6605⁽³⁾	274,977	I	By Sycamore Trust
Class A Common Stock	03/23/2026		S⁽¹⁾		30,959	D	$132.5855⁽⁴⁾	244,018	I	By Sycamore Trust
Class A Common Stock	03/23/2026		S⁽¹⁾		16,003	D	$133.2693⁽⁵⁾	228,015	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 29, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.0692 to $130.97. 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 $131.00 to $131.9942. 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 $132.00 to $132.9988. 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.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.00 to $133.9343. 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	03/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Joseph Gebbia report in his latest Form 4 for Airbnb (ABNB)?

Joseph Gebbia reported that shares of Airbnb Class A common stock held indirectly through Sycamore Trust were sold in the open market. The Form 4 details four sale transactions totaling 58,000 shares and also discloses his remaining indirect and direct share holdings.

How many Airbnb (ABNB) shares did Joseph Gebbia sell and at what prices?

The Form 4 shows open-market sales totaling 58,000 Airbnb Class A shares. These were executed in four blocks at weighted average prices, with underlying trade price ranges between $130.0692 and $133.9343 per share, as described in multiple pricing footnotes.

How many Airbnb (ABNB) shares does Joseph Gebbia still hold after these transactions?

After the reported sales, 228,015 Airbnb Class A shares are held indirectly by Sycamore Trust. The Form 4 also shows 2,860 Class A shares held directly in Joseph Gebbia’s name, providing a snapshot of his remaining reported ownership.

How are Joseph Gebbia’s Airbnb (ABNB) holdings structured in this Form 4?

The filing separates indirect and direct ownership. The sold and remaining shares related to the transactions are held indirectly through Sycamore Trust, while a separate line item records 2,860 Airbnb Class A shares as directly held by Joseph Gebbia personally.

What do the weighted average price footnotes mean in the Airbnb (ABNB) Form 4?

Each sale’s reported price is a weighted average across multiple trades. Footnotes state the actual execution ranges, for example from $130.0692 to $130.97. Gebbia undertakes to provide detailed trade-by-trade pricing information to interested parties upon request.