'Airbnb' Co-Founder Sells Stake Worth 10 Billion Won... Still Retains Significant Shares

Joseph Gebbia, co-founder and insider of U.S. lodging-sharing platform Airbnb, Inc. (NASDAQ: ABNB), sold 57,000 shares of Class A common stock on the open market through his indirectly held vehicle, Sycamore Trust, on January 26, 2026, pursuant to a Rule 10b5-1 trading plan established in August 2025. The shares were sold at prices ranging from approximately $131.71 to $134.15 per share, generating total proceeds of about $7.6 million. On January 12, under the same trading plan, he executed similar open-market sales in multiple tranches. Despite these transactions, Gebbia still holds a substantial stake—hundreds of thousands of shares via Sycamore Trust, plus additional direct holdings.

On January 8, Cantor Fitzgerald upgraded its rating on Airbnb from Underweight to Neutral and set a one-year average target price in the mid-$144 range (nasdaq.com). Recent reports cite third-quarter 2025 revenue of roughly $4.1 billion, an adjusted EBITDA margin near 50%, about $4.5 billion in free cash flow, and a $6 billion share-repurchase plan as evidence of the company’s strong financial position (benzinga.com).

Airbnb, founded in 2008 in San Francisco by Brian Chesky, Joseph Gebbia, and Nathan Blecharczyk, is a global lodging-sharing platform operating in over 220 countries and regions. It is a large-cap technology and travel stock listed on Nasdaq and included in the S&P 500 (wikipedia.org). Gebbia stepped back from day-to-day management in 2022 but remains a board member and, in 2025, is expanding his external role by taking on a federal government design position (wikipedia.org).