4Filing Date: Aug 11, 2026

Airbnb (ABNB)

Statement of Changes in Beneficial Ownership

View SEC Filing
ACC: 0001193125-26-345316
Total Value$92.61M
Trades16
Insiders1

Transaction Details

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Gift · Dispose
Class A Common Stock
Shares-159.00K
Price$0.00
Total Value$0
Shares Owned After12.37K
Transaction DateAug 10, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-2.72K
Price$166.59
Total Value$453.6K
Shares Owned After698.85K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.28 to $166.98. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-6.21K
Price$170.47
Total Value$1.06M
Shares Owned After657.05K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.35 to $170.65. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-40.00K
Price$173.39
Total Value$6.94M
Shares Owned After584.21K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.00 to $173.99. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
· Dispose
Class B Common StockDerivative
Shares-690.00K
Price$0.00
Total Value$0
Shares Owned After45.03M
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. | The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. | The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
· Acquire
Class A Common Stock
Shares+690.00K
Price-
Total Value$0
Shares Owned After702.37K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-16.73K
Price$172.82
Total Value$2.89M
Shares Owned After624.20K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.23 to $172.99. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-800
Price$165.16
Total Value$132.1K
Shares Owned After701.57K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.00 to $165.40. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-22.10K
Price$168.51
Total Value$3.72M
Shares Owned After663.26K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.12 to $168.97. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-61.79K
Price$176.37
Total Value$10.90M
Shares Owned After172.66K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.00 to $176.99. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-13.49K
Price$167.65
Total Value$2.26M
Shares Owned After685.36K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.00 to $167.99. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-16.12K
Price$171.48
Total Value$2.76M
Shares Owned After640.93K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.10 to $171.98. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-122.33K
Price$174.45
Total Value$21.34M
Shares Owned After461.88K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.00 to $174.99. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-227.42K
Price$175.56
Total Value$39.93M
Shares Owned After234.46K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to $175.99. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Indirect · By Trust
Sell · Dispose
Class A Common Stock
Shares-1.29K
Price$177.06
Total Value$229.1K
Shares Owned After171.37K
Transaction DateAug 7, 2026
10b5-1
Footnotes ▸

The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.00 to $177.21. 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.

Blecharczyk Nathan
Chief Strategy Officer, Director, 10% Owner·Direct
Class A Common Stock
Shares0
Price-
Total Value$0
Shares Owned After81.63K
10b5-1Holding Only

Post-Transaction Holdings

Blecharczyk Nathan · Chief Strategy Officer, Director, 10% Owner
SecuritySharesChange
Class A Common Stock94.00K-
Class B Common Stock45.03M-690.00K (-1.51%)
auto_awesome

Deep Analysis

Airbnb co-founder, CSO, and 10% owner Nathan Blecharczyk converted 690,000 Class B shares to Class A and then sold 531,000 of those shares for roughly $92.6M under a Rule 10b5-1 plan — plus a 159,000-share gift. This is a pre-planned net cash-out, not an active buy.

lock
Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-07 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: Airbnb, Inc. (ABNB) CIK: 0001559720 --- Reporting Owner --- Name: Blecharczyk Nathan CIK: 0001834147 Role: Director, Officer (Chief Strategy Officer), 10%+ Owner --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-08-07 | Code: C (Conversion of derivative) Shares: +690,000 Shares Owned After: 702,370 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F1] The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. [Transaction #2] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -800 | Price: $165.16 Total Value: $132,124.00 Shares Owned After: 701,570 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F3] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.00 to $165.40. 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. [Transaction #3] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -2,723 | Price: $166.59 Total Value: $453,615.58 Shares Owned After: 698,847 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F4] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.28 to $166.98. 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. [Transaction #4] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -13,487 | Price: $167.65 Total Value: $2,261,114.43 Shares Owned After: 685,360 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F5] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.00 to $167.99. 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. [Transaction #5] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -22,100 | Price: $168.51 Total Value: $3,724,059.95 Shares Owned After: 663,260 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F6] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.12 to $168.97. 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. [Transaction #6] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -6,207 | Price: $170.47 Total Value: $1,058,132.74 Shares Owned After: 657,053 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F7] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.35 to $170.65. 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. [Transaction #7] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -16,124 | Price: $171.48 Total Value: $2,764,924.17 Shares Owned After: 640,929 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F8] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.10 to $171.98. 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. [Transaction #8] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -16,725 | Price: $172.82 Total Value: $2,890,335.89 Shares Owned After: 624,204 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F9] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.23 to $172.99. 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. [Transaction #9] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -39,998 | Price: $173.39 Total Value: $6,935,201.22 Shares Owned After: 584,206 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F10] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.00 to $173.99. 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. [Transaction #10] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -122,331 | Price: $174.45 Total Value: $21,340,740.81 Shares Owned After: 461,875 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F11] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.00 to $174.99. 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. [Transaction #11] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -227,419 | Price: $175.56 Total Value: $39,926,748.51 Shares Owned After: 234,456 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F12] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to $175.99. 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. [Transaction #12] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -61,792 | Price: $176.37 Total Value: $10,897,952.26 Shares Owned After: 172,664 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F13] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.00 to $176.99. 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. [Transaction #13] Security: Class A Common Stock Date: 2026-08-07 | Code: S (Open market sale) Shares: -1,294 | Price: $177.06 Total Value: $229,117.32 Shares Owned After: 171,370 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. [F14] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.00 to $177.21. 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. [Transaction #14] Security: Class A Common Stock Date: 2026-08-10 | Code: G (Gift) Shares: -159,000 | Price: $0.00 Shares Owned After: 12,370 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F2] The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. --- Derivative Transactions --- [Transaction #1] Security: Class B Common Stock Date: 2026-08-07 | Code: C (Conversion of derivative) Shares: -690,000 | Price: $0.00 Shares Owned After: 45,027,201 | Ownership: I (Indirect) | Nature: By Trust Footnotes: [F1] The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. [F1] The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. [F1] The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. --- Holdings --- [Holding #1] Security: Class A Common Stock Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earlier of (a) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (b) the date and time, or the occurrence of an event, specified by vote or written consent of the holders of at least 80% of the outstanding shares of Class B common stock at the time of such vote or consent, voting as a separate series or (c) the 20-year anniversary of the closing of the Issuer's initial public offering. F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.00 to $173.99. 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. F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.00 to $174.99. 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. F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.00 to $175.99. 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. F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.00 to $176.99. 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. F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.00 to $177.21. 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. F2: The gift and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.00 to $165.40. 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. F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.28 to $166.98. 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. F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.00 to $167.99. 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. F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.12 to $168.97. 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. F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.35 to $170.65. 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. F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.10 to $171.98. 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. F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.23 to $172.99. 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. --- Signature --- /s/ /s/ Courtney Shike, Attorney-in-fact (2026-08-11)

keid analysis is for reference only and does not constitute investment advice.