SCHEDULE: Joseph Gebbia Boosts Airbnb Stake to 8.5%

Joseph Gebbia, a co-founder of Airbnb, Inc., has reported beneficial ownership of 8.5% of the company's Class A Common Stock as of June 30, 2025.

Summary

• Joseph Gebbia, a co-founder of Airbnb, Inc., reported beneficial ownership of 40,255,034 shares of Class A Common Stock.
• This ownership represents 8.5% of the Class A Common Stock outstanding.
• The calculation is based on 431,602,213 shares of Class A Common Stock outstanding as of April 18, 2025, as disclosed in Airbnb's Form 10-Q filed on May 1, 2025.
• The reported shares include 944,015 shares of Class A Common Stock held by a trust, 32,847,484 shares issuable upon conversion of Class B Common Stock held by a trust, 6,444,400 shares issuable upon conversion of Class B Common Stock held by limited liability companies, and 19,135 shares subject to stock options exercisable within 60 days of June 30, 2025.
• Gebbia holds sole voting and sole dispositive power over all 40,255,034 shares.
• The filing is an Amendment No. 5 to a Schedule 13G, indicating a previous filing and an update to the reported ownership.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. It is a routine regulatory update.

Positives

• NA

Negatives

• NA

Risks

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

Future Outlook

This filing is a beneficial ownership report 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 significant beneficial ownership by a co-founder of Airbnb, Inc. It does not provide insights into broader industry trends or competitive dynamics, but rather confirms the continued substantial stake of a key insider in the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stake of a co-founder, which can be viewed as a sign of continued alignment with shareholder interests.

Key Dates

Keywords

Airbnb, Joseph Gebbia, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Shareholder, Corporate Governance