Blecharczyk Nathan 4

What Happened

• Nathan Blecharczyk, a reported 10% owner of Airbnb, sold a total of 31,033 shares of Class A common stock in open-market transactions on June 26, 2026 and converted 96,263 shares of Class B common stock into Class A on the same date. The sales were executed under a Rule 10b5-1 trading plan.
• Sales detail: 9,202 shares at a weighted average price of $145.58 (proceeds $1,339,623); 13,041 shares at $146.59 (proceeds $1,911,736); and 8,790 shares at $147.07 (proceeds $1,292,773). Total reported proceeds ≈ $4,544,132. The conversion involved 96,263 Class B shares converted one-for-one into Class A shares (recorded as a derivative conversion).

Key Details

• Transaction date: June 26, 2026; Form 4 filed June 30, 2026 (timely filing).
• Sale prices (weighted averages): $145.58, $146.59, $147.07. Price ranges per footnotes: 145.00–145.86; 146.02–146.99; 147.00–147.20.
• Shares sold: 31,033 total; total proceeds ≈ $4.54 million.
• Conversion: 96,263 Class B → 96,263 Class A (one-to-one conversion per filing footnote).
• Plan/authorization: Sales were effected under a Rule 10b5-1 trading plan adopted August 28, 2025 (footnote F2).
• Shares owned after transaction: not specified in the excerpt of the filing provided here.

Context

• The conversion is a routine conversion of Class B into Class A common stock under the issuer’s conversion provisions (one-for-one). The filing records both the acquisition of Class A shares by conversion and the simultaneous disposition of the derivative Class B interest.
• The open-market sales were made pursuant to a pre-established 10b5-1 plan, which typically indicates scheduled, non-discretionary trades rather than ad-hoc insider selling. As a 10% owner (not an executive compensation award), these transactions reflect ownership-management structure actions and routine liquidity rather than a directional statement about Airbnb’s outlook.