Airbnb (ABNB) CEO Brian Chesky Gifts 76,500 Shares

What Happened Brian Chesky (CEO and reported 10% owner) converted 76,500 shares of Class B common stock into Class A common stock and immediately gifted 76,500 Class A shares on August 28, 2026. The Form 4 reports the gift consideration as $0.00 (total $0). The filing was amended to correct the reported Class A and Class B holdings following the gift.

Key Details

• Transaction date: 2026-08-28.
• Transactions reported:
  • Conversion of derivative security (Class B → Class A): 76,500 shares (code C).
  • Gift of 76,500 Class A shares: disposed at $0.00 (code G).
  • Related derivative disposition entry for the converted Class B: 76,500 (code C, derivative).
• Reported consideration: $0.00 (gift).
• Footnote: Class B Common Stock converts one-for-one into Class A Common Stock; such conversion may occur automatically upon transfer (see footnote F1).
• Filing status: This is an amended Form 4 to reflect corrected Class A/Class B holdings after the gift. The filing does not indicate a late-report flag in the excerpt provided.
• Shares owned after transaction: Not specified in the provided excerpt; amendment states holdings were updated.

Context

• This was a gift transaction, not an open-market sale or purchase. Gifts are commonly used for personal, estate planning, or charitable purposes and do not necessarily signal the insider’s view of the company’s stock.
• For derivative entries: the filing reflects conversion of founder/dual-class shares (Class B) into Class A on a one-for-one basis as part of the transfer/gift process.