Nathan Blecharczyk, Chief Strategy Officer and director of Airbnb, Inc. (NASDAQ:ABNB), filed a Form 4 on November 10, 2026, disclosing a series of Class B-to-Class A conversions, open-market sales, and a gift of Class A Common Stock held indirectly through a trust, with transactions dated November 6 and November 9, 2026.

Key Highlights

  • Reporting person: Nathan Blecharczyk, identified as Director, 10% Owner, and Chief Strategy Officer of Airbnb, Inc.
  • Conversions: 100,889 shares of Class B Common Stock were converted to Class A on November 6, 2026, and 17,702 shares were converted on November 9, 2026, each at a conversion price of $0.
  • Sales on November 6: 69,413 shares sold at a weighted average price of $190.6145 and 31,476 shares sold at a weighted average price of $191.301, all held indirectly by trust.
  • Sales on November 9: Multiple tranches totaling 13,625 shares sold at weighted average prices ranging from $192.5735 to $196.0707, all held indirectly by trust.
  • Gift on November 9: 4,077 shares of Class A Common Stock disposed of at $0, coded as a gift under the Rule 10b5-1 plan.
  • Remaining indirect holdings: 20,567 shares of Class A Common Stock held indirectly by trust and 44,212,497 shares of Class B Common Stock held indirectly by trust, following all reported transactions.
  • Direct holdings: 74,808.445 shares of Class A Common Stock held directly, as reported in Table I.

Blecharczyk's Nov. 6-9 Trust Transactions in Airbnb Class A and Class B Shares

According to the filing, all sales and the gift reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. The transactions involved the conversion of Class B Common Stock into Class A Common Stock on a one-to-one basis, followed by open-market sales and a charitable gift, all conducted through a trust in which Blecharczyk holds an indirect beneficial interest.

On November 6, 2026, the filing discloses, 100,889 shares of Class B were converted to Class A. Of those, 69,413 shares were then sold at a weighted average price of $190.6145, with individual transaction prices ranging from $190.00 to $190.99, and 31,476 shares were sold at a weighted average price of $191.301, with prices ranging from $191.00 to $191.98. On November 9, 2026, an additional 17,702 Class B shares were converted. That same day, four separate sale tranches were executed: 4,900 shares at a weighted average of $192.5735 (range $192.27 to $192.81), 303 shares at $193.3247 (range $193.295 to $193.34), 1,100 shares at $194.6355 (range $194.61 to $194.89), 6,368 shares at $195.4979 (range $195.00 to $195.99), and 954 shares at $196.0707 (range $196.005 to $196.42).

The filing notes that Blecharczyk undertakes to provide full information on shares sold at each separate price within any reported range, upon request by the issuer, any security holder, or SEC staff. Following all reported transactions, the trust holds 20,567 shares of Class A Common Stock and 44,212,497 shares of Class B Common Stock indirectly. Blecharczyk's direct Class A holdings are listed as 74,808.445 shares.

What Was Disclosed

The filing reports Class B-to-Class A conversions totaling 118,591 shares, open-market sales of Class A shares across six price tranches between $190.00 and $196.42, and a gift of 4,077 shares, all executed through a trust under a pre-established Rule 10b5-1 plan.