Insider trade

Director sold ~$18.6M of ABNB shares in the open market

Traded Nov 10, 2025 · Filed Nov 13, 2025

AirbnbABNB

~$18.6M
Reported value · 154K sh @ $120.4049: 296K
Holds after · shares reported: +36.5%
stock since the trade · S&P 500 +13.7%, $120.20 → $164.07 on Oct 5

Why it stands out

A board member of Airbnb sold $18.6M of Airbnb shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 10, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 13, 2025

DirectorIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$18,598,945

Shares × reported transaction price

Timing vs results

4 days after results of Nov 6, 2025, 94 days before results of Feb 12, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $120.20 on Nov 10, 2025, 14% above its 52-week low and 26% below its high, after a 2% drop over the previous 30 trading days

52-week range $105.69 (Apr 8, 2025) to $161.42 (Feb 14, 2025), 26% of the way up, from 250 adjusted closes. 30 trading days earlier: $122.92 on Sep 29, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Jun 2, 2025 in the U.S. District Court, D. Delaware. A filing is an allegation, not a finding.

The Heritage Foundation v. Airbnb, Inc., docket 1:25-cv-00676, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	-6.4%	-1.9%	-4.4%
30 days	+8.0%	+1.3%	+6.7%
90 days	-5.0%	+1.4%	-6.4%
180 days	+9.0%	+10.5%	-1.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-25-280129
Filed / recorded: Nov 13, 2025, 9:05 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Airbnb, Inc.
Issuer CIK: 1559720
Ticker: ABNB
Reporting person: Joseph Gebbia
Relationship: Director, 10% owner
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 10, 2025
Transaction code: S
Shares / units: 154,470
Price per share: $120.4049
Acquired / disposed: Disposed (D)
Shares owned after: 296,415
Ownership form: Indirect — By Sycamore Trust
Amendment: No

Footnotes from the filing

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on February 26, 2025.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.00 to $120.99. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Around the same time

CFO sold ~$579K of Airbnb

Scheduled in advance10mo ago

Officer sold ~$2.11M of Airbnb

Scheduled in advance10mo ago

10mo ago

141KShares

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record