Summary by Moomoo AI
On December 9, 2024, Airbnb's CEO and Chairman, Brian Chesky, executed a series of stock transactions, selling a total of 38,461 shares of Class A Common Stock in the open market. The sales were conducted in three separate transactions at prices ranging from $136.8327 to $138.3313 per share, resulting in a total transaction value of approximately $5.29 million.Following these transactions, Chesky's direct ownership of Airbnb stock decreased to 12,577,839 shares. Additionally, he indirectly owns 131,154 shares through trusts, including 16,800 shares held by the 2019 Trust and 114,354 shares in the 2016 Legacy Trust B.The sales represent a small portion of Chesky's overall holdings in the company, with his remaining stake still substantial. This transaction may be part of a pre-planned selling program or for personal financial management purposes, as is common for executives of publicly traded companies.
