Sec Form 3 Filing - Lin Alfred @ Airbnb, Inc. - 2020-12-09

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Lin Alfred
2. Issuer Name and Ticker or Trading Symbol
Airbnb, Inc. [ ABNB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
888 BRANNAN STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/09/2020
(Street)
SAN FRANCISCO, CA94103
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 691,612 I See Footnotes ( 1 ) ( 2 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock $ 0 ( 4 ) ( 4 ) Class A Common Stock 112,934 I See Footnotes ( 2 ) ( 3 ) ( 5 )
Series Seed Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 60,549,864 I See Footnotes ( 2 ) ( 3 ) ( 7 )
Series A Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 8,837,568 I See Footnotes ( 2 ) ( 3 ) ( 8 )
Series B Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 90,564 I See Footnotes ( 2 ) ( 3 ) ( 9 )
Series C Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 6,098,400 I See Footnotes ( 2 ) ( 3 ) ( 10 )
Series D Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 3,684,324 I See Footnotes ( 2 ) ( 3 ) ( 11 )
Series E Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 612,280 I See Footnotes ( 2 ) ( 3 ) ( 12 )
Series F Preferred Stock $ 0 ( 6 ) ( 6 ) Class B Common Stock 1,291,598 I See Footnotes ( 2 ) ( 3 ) ( 13 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lin Alfred
888 BRANNAN STREET
SAN FRANCISCO, CA94103
X X
Signatures
/s/ Brian Savage, Attorney-in-fact 12/09/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 575,004 shares held by Sequoia Capital Global Growth Fund II, L.P. ("GGF II"), 7,102 shares held by Sequoia Capital Global Growth II Principals Fund, L.P. ("GGF II PF"), 102,816 shares held by Sequoia Capital U.S. Growth Fund VII, L.P. ("US GF VII") and 6,690 shares held by Sequoia Capital U.S. Growth VII Principals Fund, L.P. ("US GF VII PF").
( 2 )The Reporting Person is a director and stockholder of SC US (TTGP), Ltd., which is: (i) the general partner of SCGF V Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund V, L.P. and Sequoia Capital USGF Principals Fund V, L.P., which together own 100% of the outstanding ordinary shares of SC US GF V Holdings, Ltd. ("US GF V Holdco"); (ii) the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of US GF VII and US GF VII PF; (iii) the general partner of SCGGF Management, L.P., which is the general partner of each of Sequoia Capital Global Growth Fund, LP ("GGF") and Sequoia Capital Global Growth Principals Fund, LP ("GGF PF"); and (iv) the general partner of SC Global Growth II Management, L.P., which is the general partner of each GGF II and GGF II PF.
( 3 )(cont'd) SC XII Management, LLC is the general partner of each of Sequoia Capital XII, L.P. ("SC XII") and Sequoia Technology Partners XII, L.P. ("STP XII"), and the managing member Sequoia Capital XII Principals Fund, LLC ("SC XII PF"). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
( 4 )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.
( 5 )Includes 109,748 shares held by GGF and 3,186 shares held by GGF PF.
( 6 )Each share of Preferred Stock, other than any share of Series C Preferred Stock, is convertible on a one-for-one basis into Class B Common Stock at any time at the holder's election. The Series C Preferred Stock is convertible on a one-for-one basis, subject to adjustment pursuant to the anti-dilution provisions relating to the Series C Preferred Stock, into Class B Common Stock at any time at the holder's election. The Preferred Stock will convert automatically upon the closing of the Issuer's initial public offering and has no expiration date.
( 7 )Includes 52,914,528 shares of Series Seed Preferred Stock held by SC XII, 5,655,360 shares of Series Seed Preferred Stock held by SC XII PF and 1,979,976 shares of Series Seed Preferred Stock held by STP XII.
( 8 )Includes 7,723,152 shares of Series A Preferred Stock held by SC XII, 825,432 shares of Series A Preferred Stock held by SC XII PF and 288,984 shares of Series A Preferred Stock held by STP XII.
( 9 )Includes 79,140 shares of Series B Preferred Stock held by SC XII, 8,460 shares of Series B Preferred Stock held by SC XII PF and 2,964 shares of Series B Preferred Stock held by STP XII.
( 10 )Represents 5,875,512 shares of Series C Preferred Stock held by US GF V Holdco.
( 11 )Includes 3,580,428 shares of Series D Preferred Stock held by GGF and 103,896 shares of Series D Preferred Stock held by GGF PF.
( 12 )Includes 595,014 shares of Series E Preferred Stock held by GGF and 17,266 shares of Series E Preferred Stock held by GGF PF.
( 13 )Includes 1,073,834 shares of Series F Preferred Stock held by GGF II, 13,262 shares of Series F Preferred Stock held by GGF II PF, 192,006 shares of Series F Preferred Stock held by US GF VII and 12,496 shares of Series F Preferred Stock held by US GF VII PF.

Remarks:
Exhibit 24 - Power of Attorney.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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