Summary by Moomoo AI
Airbnb, Inc. officer Aristotle N. Balogh is set to sell 22,170 Class A shares of the company, with an aggregate market value of approximately $3.75 million, on March 26, 2024. The shares to be sold were acquired through restricted stock vesting and the exercising of options granted in 2018 and 2020, with acquisition dates corresponding to February 19, 2024, and March 26, 2024. The transactions were part of compensation and cash payments, respectively. This planned sale follows a series of transactions over the past three months, where a total of 331,458 shares were sold for gross proceeds of over $53 million. The notice for the upcoming sale was filed on the same day as the planned sale date, with the sale plan having been adopted on November 29, 2023.