Airbnb CEO and Co-Founder Sells Hundreds of Billions in Company Shares

Between June 1 and 2, Airbnb, Inc. (ABNB) co-founder Joseph Gebbia sold approximately 264,000 Class A common shares on the open market under a prearranged Rule 10b5-1 trading plan via the Sycamore Trust, raising about $35.7 million in cash. During the same period, CEO Brian Chesky and CFO Eleanor Mertz sold roughly 62,000 and 7,000 shares, respectively, also under 10b5-1 plans, securing approximately $8.4 million and $1 million. All three continue to hold equity stakes valued in the hundreds of millions to billions of dollars.

According to recent filings, Chesky and Gebbia executed additional sales of tens to hundreds of thousands of shares in mid-June, further bolstering their cash positions as part of ongoing planned stock dispositions this year.

Meanwhile, in its first-quarter 2026 earnings released in May, Airbnb reported continued double-digit growth and is advancing search, recommendation, and user-experience enhancements through its Summer Release 2026, new AI features, and the establishment of a dedicated AI Lab.

Founded in 2008, Airbnb is a U.S.-based online marketplace for lodging and experiences, connecting short- and long-term accommodations and various activities worldwide.

Co-founders Brian Chesky and Joe Gebbia currently serve as CEO and board chairman and as a board member, respectively, and are recognized as key stakeholders with significant shareholdings.