Form 4: Airbnb Director's Share Transactions and Holdings Update

Airbnb Director Alfred Lin reported conversions of Class B to Class A common stock and subsequent distributions through investment funds and an estate planning vehicle.

Summary

• Alfred Lin, a director of Airbnb, reported multiple transactions involving Class A and Class B Common Stock on November 14, 2025.
• 1,771,663 shares of Class B Common Stock were converted into Class A Common Stock, held indirectly through Sequoia Capital Fund, LP, at a price of $0.
• An equal number of 1,771,663 shares of Class A Common Stock were subsequently distributed pro-rata in-kind from Sequoia Capital Fund, LP.
• 219,437 shares of Class B Common Stock were converted into Class A Common Stock, held indirectly through Sequoia Capital Fund Parallel, LLC, at a price of $0.
• 219,845 shares of Class A Common Stock were subsequently distributed pro-rata in-kind from Sequoia Capital Fund Parallel, LLC.
• 30,615 shares of Class A Common Stock were acquired through a distribution into an estate planning vehicle, also at a price of $0.
• Following these transactions, Alfred Lin's indirect beneficial ownership of Class A Common Stock includes 2,239,935 shares through Sequoia Capital Fund, LP, 42,394 shares through Sequoia Capital Fund Parallel, LLC, and 510,198 shares through an estate planning vehicle.
• Lin also holds 18,652 shares of Class A Common Stock directly.
• Indirect beneficial ownership of Class B Common Stock (derivative) stands at 15,476,693 shares through Sequoia Capital Fund, LP and 1,895,283 shares through Sequoia Capital Fund Parallel, LLC.

Sentiment

Score: 5

Explanation: This Form 4 reports routine insider transactions involving conversions and distributions of shares, which are not inherently positive or negative for the company's operational performance or stock valuation.

Future Outlook

NA

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent a change in the form and indirect holding structure of a director's equity, but do not directly impact the company's operations or market capitalization.

Key Dates

Keywords

Airbnb, ABNB, Form 4, Insider Trading, Beneficial Ownership, Stock Transactions, Alfred Lin, Director, Class A Common Stock, Class B Common Stock, Sequoia Capital