Blecharczyk Nathan 4

What Happened
Nathan Blecharczyk (10% owner) recorded a tax‑withholding disposition of 2,457.991 Airbnb (ABNB) shares on Feb 19, 2026, at an effective price of $124.27 per share, totaling $305,455. On the same date he converted Class B common stock into Class A common stock (two conversion entries of 400 shares each showing the conversion/acquisition and the related derivative disposition). The withholding sale is a routine tax payment (disposition), not a conventional open‑market sale for investment purposes.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the required window).
• Withholding (code F): 2,457.991 shares disposed at $124.27 each; total value $305,455 (used to satisfy tax liability).
• Conversions (code C): two entries of 400 shares reflecting conversion of derivative/Class B shares into Class A shares (one recorded as acquired, one as disposed at $0.00).
• Footnote: Class B common stock is convertible 1:1 into Class A common stock per filing (automatic conversion triggers described).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• The primary action was share withholding to cover taxes (a non‑market sale); such withholdings are common when equity vests or is converted and do not necessarily indicate a view on the company’s prospects.
• The conversion entries reflect a class conversion (Class B → Class A) on a one‑for‑one basis rather than a purchase or cash sale.
• As a reported 10% owner and co‑founder, Blecharczyk’s filings reflect his substantial ownership status rather than routine executive trading.