Gebbia Joseph 4

What Happened
Joseph Gebbia, identified as a 10% owner of Airbnb, sold a total of 58,000 Airbnb shares in open-market transactions on February 9, 2026. The sales were reported as three transactions: 25,355 shares at a weighted-average price of $120.73 (≈ $3,061,058), 31,345 shares at $121.45 (≈ $3,806,810), and 1,300 shares at $122.19 (≈ $158,849), for aggregate proceeds of roughly $7.03 million. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted August 29, 2025 (i.e., pre-set sales).

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely under Form 4 rules).
• Individual trades:
  • 25,355 shares @ weighted avg $120.73 (prices ranged $120.35–$120.99) — ≈ $3,061,058.
  • 31,345 shares @ weighted avg $121.45 (prices ranged $121.00–$121.99) — ≈ $3,806,810.
  • 1,300 shares @ weighted avg $122.19 (prices ranged $122.00–$122.39) — ≈ $158,849.
• Total sold: 58,000 shares for about $7,026,717.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Notable footnotes: Sales were made under a Rule 10b5-1 trading plan (adopted Aug 29, 2025). Reported prices are weighted averages; per-footnote ranges are provided and detailed breakdowns are available on request to the issuer or SEC staff.

Context

• A 10b5-1 plan allows insiders to execute pre-scheduled trades and is commonly used to avoid questions about trading on nonpublic information; it does not by itself indicate the insider’s current view of the company.
• As a 10% owner (a large shareholder), Gebbia’s sales are institutional-sized but not necessarily routine executive compensation actions. Sales are generally less informative than purchases for signaling conviction.