Form 4: Airbnb Co-Founder Sells Shares Under 10b5-1 Plan

Airbnb co-founder Joseph Gebbia sold 236,000 shares of Class A Common Stock for approximately $28.46 million on November 10, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Joseph Gebbia, a Director and 10% Owner of Airbnb, Inc. (ABNB), reported sales of Class A Common Stock.
• Transactions occurred on November 10, 2025.
• A total of 236,000 shares of Class A Common Stock were sold across multiple transactions.
• The sales were executed at weighted average prices ranging from $119.9212 to $122.367 per share.
• The total value of the shares sold is approximately $28,464,299.60.
• All sales were made pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2025.
• Following these transactions, Joseph Gebbia beneficially owns 2,860 shares directly and 232,015 shares indirectly through the Sycamore Trust, totaling 234,875 shares.

Sentiment

Score: 5

Explanation: A Form 4 filing reports an insider transaction and does not inherently convey positive or negative sentiment about the company's performance or outlook, especially when executed under a pre-arranged 10b5-1 plan.

Stakeholder Impact

• Potential minor negative sentiment among some investors due to insider selling, though mitigated by the pre-arranged 10b5-1 plan, which suggests the sales are not based on new, material non-public information.

Key Dates

Keywords

Airbnb, ABNB, Joseph Gebbia, Insider Trading, Stock Sale, 10b5-1 Plan, Director, 10% Owner, SEC Form 4