SEC Form 3
| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 12/09/2020 | 3. Issuer Name and Ticker or Trading Symbol Airbnb, Inc. [ ABNB ] | |||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 691,612 | I | See Footnotes(1)(2)(3)(4)(5) |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Class B Common Stock | (6) | (6) | Class A Common Stock | 112,934 | 0 | I | See Footnotes(2)(3)(4)(5)(7) |
| Series Seed Preferred Stock | (8) | (8) | Class B Common Stock | 60,549,864 | 0 | I | See Footnotes(2)(3)(4)(5)(9) |
| Series A Preferred Stock | (8) | (8) | Class B Common Stock | 8,837,568 | 0 | I | See Footnotes(2)(3)(4)(5)(10) |
| Series B Preferred Stock | (8) | (8) | Class B Common Stock | 90,564 | 0 | I | See Footnotes(2)(3)(4)(5)(11) |
| Series C Preferred Stock | (8) | (8) | Class B Common Stock | 6,098,400 | 0 | I | See Footnotes(2)(3)(4)(5)(12) |
| Series D Preferred Stock | (8) | (8) | Class B Common Stock | 3,684,324 | 0 | I | See Footnotes(2)(3)(4)(5)(13) |
| Series E Preferred Stock | (8) | (8) | Class B Common Stock | 612,280 | 0 | I | See Footnotes(2)(3)(4)(5)(14) |
| Series F Preferred Stock | (8) | (8) | Class B Common Stock | 1,291,598 | 0 | I | See Footnotes(2)(3)(4)(5)(15) |
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| 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. SC XII Management, LLC (SC XII 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 of Sequoia Capital XII Principals Fund, LLC (SC XII PF). As a result, SC XII LLC may be deemed to share voting and dispositive power with respect to the shares held by SC XII, SC XII PF, and STP XII. SC US (TTGP), Ltd. 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. (collectively, the US GF V Funds), which together own 100% of the outstanding ordinary shares of SC US GF V Holdings, Ltd. (US GF V Holdco); |
| 3. (cont???d) (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 (collectively, the SC US GF VII Funds); (iii) the general partner of SCGGF Management, L.P., which is the general partner of each of Sequoia Capital Global Growth Fund, L.P. (GGF) and Sequoia Capital Global Growth Principals Fund, L.P. (GGF PF) (collectively, the SC GGF Funds); and (iv) the general partner of SC Global Growth II Management, L.P., which is the general partner of each of GGF II and GGF II PF (collectively, the SC GGF II Funds). |
| 4. (cont???d) As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by US GF V Holdco, the SC US GF VII Funds, the SC GGF Funds and the SC GGF II Funds. In addition, the directors and stockholders of SC US (TTGP), Ltd. who exercise voting and investment discretion with respect to the SC GGF Funds are Douglas M. Leone and James J. Goetz, and the directors and stockholders of SC US (TTGP), Ltd. who exercise voting and investment discretion with respect to the SC GGF II Funds are Douglas M. Leone and Roelof F. Botha. As a result, and by virtue of the relationships described in this paragraph, each such person may be deemed to share voting and dispositive power with respect to the shares held by the SC GGF Funds or SC GGF II Funds, as applicable. |
| 5. (cont???d) Each of SC US (TTGP), Ltd., SCGF V Management, L.P., SC U.S. Growth VII Management, L.P., SCGGF Management, L.P., SC Global Growth II Management, L.P., Mr. Leone, Mr. Botha and Mr. Goetz disclaims beneficial ownership of the shares held by US GF V Holdco, the GFVII Funds, the GGF Funds, and GGF II Funds, except to the extent of its or 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. SC XII Management, LLC disclaims beneficial ownership of the shares held by the XII Funds, except to the extent of its 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. |
| 6. 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. |
| 7. Includes 109,748 shares held by GGF and 3,186 shares held by GGF PF. |
| 8. 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. |
| 9. 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. |
| 10. 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. |
| 11. 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. |
| 12. Represents 5,875,512 shares of Series C Preferred Stock held by US GF V Holdco. |
| 13. 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. |
| 14. 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. |
| 15. 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: |
| Form 1 of 3 |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of SCGGF Management, L.P. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of SCGGF Management, L.P., the General Partner of Sequoia Capital Global Growth Fund, L.P. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of SCGGF Management, L.P., the General Partner of Sequoia Capital Global Growth Principals Fund, L.P. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of Sequoia Capital Global Growth II Management, L.P. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of Sequoia Capital Global Growth II Management, L.P., the General Partner of Sequoia Capital Global Growth Fund II, L.P. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of Sequoia Capital Global Growth II Management, L.P., the General Partner of Sequoia Capital Global Growth II Principals Fund, L.P. | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of SCGF V Management LP | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of SCGF V Management LP, the General Partner of Sequoia Capital U.S. Growth Fund V, LP | 12/09/2020 | |
| By: /s/ Jung Yeon Son, by power of attorney for Douglas Leone, a Director of SC US (TTGP), Ltd., the General Partner of SCGF V Management LP, the General Partner of Sequoia Capital USGF Principals Fund V, L.P. | 12/09/2020 | |
| ** Signature of Reporting Person | Date | |
| 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 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||