The CSO's large sales (0.02% of market cap) are notable in absolute dollar terms but tiny relative to company size. Both insiders used 10b5-1 plans, reducing the timing signal. Monitor next quarter's filings for any acceleration of insider sales or changes to 10b5-1 plans.
Price Chart
How similar events traded
Executive Summary
Two Airbnb insiders sold a total of $13.53M in open-market sales over a 7-day window, including the Chief Strategy Officer ($13.23M) and the Chief Accounting Officer ($294K). The sales follow the company's Q3 earnings release that raised full-year 2026 guidance and announced a $12B buyback authorization, and both insiders sold under 10b5-1 plans.
Key Financial Metrics
Key Facts
- Chief Strategy Officer Nathan Blecharczyk sold 114,514 shares total in open-market sales over Nov 6 and Nov 9, totaling $21.9M (including earlier trades not in the cluster summary).
- Chief Accounting Officer David Bernstein sold 1,800 shares at $167.38 for $294K on Nov 2 under a 10b5-1 plan.
- Total open-market sales in the cluster: $13.53M (0.012% of $111.8B market cap).
- Both sales were executed under 10b5-1 trading plans.
- The cluster follows the Nov 5 earnings release that raised FY2026 revenue guidance to high teens growth and Adjusted EBITDA margin to ~36%.
- The CSO's sales alone represent $21.9M over two days, which is 0.02% of market cap.
Financial Impact
Total insider sales of $13.53M in the cluster window, with the CSO selling $21.9M over two days. Relative to $111.8B market cap, this is 0.012% and 0.02% respectively.
Risk Factors
- Insider selling by the Chief Strategy Officer, even under a 10b5-1 plan, may signal reduced conviction after the stock's post-earnings run.
- The sales are small relative to market cap (0.02%), limiting bearish read-through.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ABNB-1794360838649 |
Track record
54 reports on ABNB
7 of 10 bullish or bearish reports moved the stock their way by T+1. Best: +41.15% at T+60 after the May 19, 2026 report. 8 of 10 went positive at some point.
Filters
- Nov 10, 20261d ago Insider Cluster Bearish 4/10 Viewing Entry $192.72 Now $186.90 +3.02% settles Nov 12
- Nov 9, 20262d ago 144 Neutral 3/10 Entry $190.29 to $186.90 Now $186.90 −1.78% ▼ −1.78% −1.41% vs SPY
- Nov 6, 20265d ago 144 Neutral 3/10 Entry $190.29 to $186.90 Now $186.90 −1.78% ▼ −1.78% −1.41% vs SPY
- Nov 5, 20266d ago Press Release Neutral 5/10 No price data
- Nov 5, 20266d ago 8-K Bullish 6/10 Entry $189.99 to $190.29 Now $186.90 −1.63% ▲ +0.16% −2.21% vs SPY
- Nov 4, 20267d ago Insider Cluster Neutral 2/10 Entry $170.13 to $189.99 Now $186.90 +9.86% ▲ +11.67% +11.36% vs SPY
- Nov 2, 20269d ago 144 Neutral 2/10 Entry $171.11 to $166.96 Now $186.90 +9.23% ▼ −2.43% −2.72% vs SPY
- Oct 26, 202616d ago 144 Neutral 4/10 Entry $171.05 to $168.82 Now $186.90 +9.27% ▼ −1.30% −1.86% vs SPY
- Oct 23, 202619d ago Institutional Cluster Bullish 4/10 Entry $172.01 to $171.05 Now $186.90 +8.66% ▼ −0.56% −1.27% vs SPY
- Oct 19, 202623d ago Insider Cluster Neutral Not scored Entry $176.94 to $173.69 Now $186.90 +5.63% ▼ −1.84% −2.36% vs SPY
US Market Status
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