SCHEDULE: Airbnb Co-Founder Chesky's 13.5% Stake Update

Brian Chesky, co-founder of Airbnb, Inc., updated his beneficial ownership stake in the company to 13.5% of Class A Common Stock as of June 30, 2025.

Summary

• Brian Chesky, a co-founder of Airbnb, Inc., beneficially owns 66,918,292 shares of Class A Common Stock as of June 30, 2025.
• This ownership represents 13.5% of the Class A Common Stock, based on 431,602,213 shares outstanding as of April 18, 2025.
• The total beneficial ownership includes 2,101,685 Class A shares held directly, 138,654 Class A shares in trusts with investment discretion, and 56,041,414 Class A shares issuable upon conversion of Class B shares held directly.
• Additionally, 1,930,813 Class A shares are held with investment discretion and voting power, 6,690,460 Class A shares are issuable from Class B shares in trusts with investment discretion, and 15,266 Class A shares are issuable from Class B shares in a trust where the Reporting Person can remove/replace the trustee, though without voting or dispositive power over these specific shares.
• Brian Chesky holds sole voting and sole dispositive power over 66,918,292 shares.

Sentiment

Score: 5

Explanation: A routine amendment to a beneficial ownership report, providing factual updates on shareholdings without indicating positive or negative operational performance or strategic shifts.

Positives

• A co-founder maintaining a significant ownership stake (13.5%) can signal long-term commitment and alignment with shareholder interests.

Negatives

• No specific negative information is presented in this routine beneficial ownership update.

Risks

• Brian Chesky, Joseph Gebbia, Nathan Blecharczyk, and certain affiliated trusts and entities may be deemed to constitute a group for purposes of Rule 13d-3 under the Securities and Exchange Act of 1934, as amended, due to a Voting Agreement dated December 4, 2020. However, Brian Chesky disclaims beneficial ownership of the securities beneficially owned by the other parties to this agreement.

Future Outlook

This filing is a factual disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of a significant insider's ownership stake in a publicly traded technology and travel company. It does not provide information on broader industry trends or competitive positioning.

Corporate Governance

Related Party Transactions

• The Voting Agreement among co-founders (Brian Chesky, Joseph Gebbia, Nathan Blecharczyk) and affiliated trusts, while not a transaction, represents a related-party arrangement impacting beneficial ownership reporting.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stake held by a co-founder, which can be viewed as a sign of continued commitment to the company's long-term success.

Key Dates

Recommendation

This Schedule 13G/A filing is a routine disclosure of beneficial ownership by a co-founder and does not contain information related to the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It merely updates the public record on a significant insider's stake.

Keywords

Airbnb, ABNB, Brian Chesky, beneficial ownership, Schedule 13G, Class A Common Stock, corporate governance, insider ownership