Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Airbnb, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
009066101
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 24 Pages
Exhibit Index Contained on Page 22
| CUSIP NO. 009066101 | 13 G | Page 2 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Annex Fund, L.P. (“AH Annex”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 9,688,206 shares1, except that AH Equity Partners II, L.L.C. (“AH Equity II”), the general partner of AH Annex, may be deemed to have sole power to vote these shares, and Marc Andreessen (“Andreessen”) and Ben Horowitz (“Horowitz”), the managing members of AH Equity II, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 9,688,206 shares1, except that AH Equity II, the general partner of AH Annex, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 9,688,206 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 7.7%2,3 |
| 12 | TYPE OF REPORTING PERSON |
1 Represents 9,688,206 shares of Class B Common Stock held directly by AH Annex. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 9,688,206 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 9,688,206 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 3 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Andreessen Horowitz Fund II, L.P. (“AH II”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 9,120,709 shares1, except that AH Equity II, the general partner of AH II, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 9,120,709 shares1, except that AH Equity II, the general partner of AH II, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 9,120,709 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 7.3%2,3 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Represents 9,120,709 shares of Class B Common Stock held directly by AH II. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 9,120,709 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A Common Stock is entitled to one vote and each share of Class B common stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 9,120,709 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 4 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Andreessen Horowitz Fund II-A, L.P. (“AH II-A”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 483,574 shares1, except that AH Equity II, the general partner of AH II-A, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 483,574 shares1, except that AH Equity II, the general partner of AH II-A, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 483,574 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.4%2,3 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Represents 483,574 shares of Class B Common Stock held directly by AH II-A. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 483,574 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 483,574 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 5 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Andreessen Horowitz Fund II-B, L.P. (“AH II-B”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 175,235 shares1, except that AH Equity II, the general partner of AH II-B, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 175,235 shares1, except that AH Equity II, the general partner of AH II-B, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 175,235 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.2%2,3 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Represents 175,235 shares of Class B Common Stock held directly by AH II-B. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 175,235 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 175,235 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 6 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Parallel Fund, L.P. (“AH Parallel”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 235,848 shares1, except that AH Equity II, the general partner of AH Parallel, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 235,848 shares1, except that AH Equity II, the general partner of AH Parallel, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 235,848 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.2%2,3 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Represents 235,848 shares of Class B Common Stock held directly by AH Parallel. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 235,848 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 235,848 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 7 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Equity Partners II, L.L.C. (“AH Equity II”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 19,703,572 shares1, of which 9,688,206 are directly owned by AH Annex, 9,120,709 are directly owned by AH II, 483,574 are directly owned by AH II-A, 175,235 are directly owned by AH II-B and 235,848 are directly owned by AH Parallel. AH Equity II, the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 |
SOLE DISPOSITIVE POWER 19,703,572 shares1, of which 9,688,206 are directly owned by AH Annex, 9,120,709 are directly owned by AH II, 483,574 are directly owned by AH II-A, 175,235 are directly owned by AH II-B and 235,848 are directly owned by AH Parallel. AH Equity II, the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity II, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 19,703,572 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 14.6%2,3 |
| 12 | TYPE OF REPORTING PERSON | OO |
1 Represents 19,703,572 shares of Class B Common Stock. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 19,703,572 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 19,703,572 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 8 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Parallel Fund III, L.P. (“AH Parallel III”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 58,010 shares, except that AH Equity Partners III (Parallel), L.L.C. (“AH Equity Parallel III”), the general partner of AH Parallel III, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 58,010 shares, except that AH Equity Parallel III, the general partner of AH Parallel III, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 58,010 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.1%1 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person.
| CUSIP NO. 009066101 | 13 G | Page 9 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Parallel Fund III-A, L.P. (“AH Parallel III-A”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 472 shares, except that AH Equity Parallel III, the general partner of AH Parallel III-A, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See resp onse to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 472 shares, except that AH Equity Parallel III, the general partner of AH Parallel III-A, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 472 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.0%1 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person.
| CUSIP NO. 009066101 | 13 G | Page 10 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Parallel Fund III-B, L.P. (“AH Parallel III-B”) |
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
|
NUMBER OF
|
5 | SOLE VOTING POWER 674 shares, except that AH Equity Parallel III, the general partner of AH Parallel III-B, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 674 shares, except that AH Equity Parallel III, the general partner of AH Parallel III-B, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 674 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.0%1 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person.
| CUSIP NO. 009066101 | 13 G | Page 11 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Parallel Fund III-Q, L.P. (“AH Parallel III-Q”) |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 4,484 shares1, except that AH Equity Parallel III, the general partner of AH Parallel III-Q, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 | SOLE DISPOSITIVE POWER 4,484 shares1, except that AH Equity Parallel III, the general partner of AH Parallel III-Q, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 4,484 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.0%2 |
| 12 | TYPE OF REPORTING PERSON | PN |
1 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person.
| CUSIP NO. 009066101 | 13 G | Page 12 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AH Equity Partners III (Parallel), L.L.C. (“AH Equity Parallel III”) |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x |
| 3 | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 63,640 shares1, of which 58,010 are directly owned by AH Parallel III, 472 are directly owned by AH Parallel III-A, 674 are directly owned by AH Parallel III-B and 4,484 are directly owned by AH Parallel III-Q. AH Equity Parallel III, the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, may be deemed to have sole power to vote these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to vote these shares. |
| 6 | SHARED VOTING POWER See response to row 5. | |
| 7 |
SOLE DISPOSITIVE POWER 63,640 shares1, of which 58,010 are directly owned by AH Parallel III, 472 are directly owned by AH Parallel III-A, 674 are directly owned by AH Parallel III-B and 4,484 are directly owned by AH Parallel III-Q. AH Equity Parallel III, the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity Parallel III, may be deemed to have shared power to dispose of these shares. | |
| 8 | SHARED DISPOSITIVE POWER See response to row 7. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 63,640 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 0.1%1 |
| 12 | TYPE OF REPORTING PERSON | OO |
1 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person.
| CUSIP NO. 009066101 | 13 G | Page 13 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS | Marc Andreessen (“Andreessen”) |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x | |
| 3 | SEC USE ONLY | |
| 4 |
CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER 0 shares |
| 6 | SHARED VOTING POWER 19,767,212 shares1, of which 9,688,206 are directly owned by AH Annex, 9,120,709 are directly owned by AH II, 483,574 are directly owned by AH II-A, 175,235 are directly owned by AH II-B, 235,848 are directly owned by AH Parallel, 58,010 are directly owned by AH Parallel III, 472 are directly owned by AH Parallel III-A, 674 are directly owned by AH Parallel III-B, and 4,484 are directly owned by AH Parallel III-Q. Andreessen is a managing member of AH Equity II, the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel, a managing member of AH Equity Parallel III, the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, and may be deemed to have shared power to vote these shares. | |
| 7 | SOLE DISPOSITIVE POWER 0 shares | |
| 8 | SHARED DISPOSITIVE POWER 19,767,212 shares1, of which 9,688,206 are directly owned by AH Annex, 9,120,709 are directly owned by AH II, 483,574 are directly owned by AH II-A, 175,235 are directly owned by AH II-B, 235,848 are directly owned by AH Parallel, 58,010 are directly owned by AH Parallel III, 472 are directly owned by AH Parallel III-A, 674 are directly owned by AH Parallel III-B, and 4,484 are directly owned by AH Parallel III-Q. Andreessen is a managing member of AH Equity II, the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel, a managing member of AH Equity Parallel III, the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, and may be deemed to have shared power to dispose of these shares. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 19,767,212 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 14.6%2,3 |
| 12 | TYPE OF REPORTING PERSON | IN |
| CUSIP NO. 009066101 | 13 G | Page 14 of 24 Pages |
1 Represents (i) 63,640 shares of Class A Common Stock and (ii) 19,703,572 shares of Class B Common Stock. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 19,703,572 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A common stock is entitled to one vote and each share of Class B Common Stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 19,703,572 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 15 of 24 Pages |
| 1 | NAME OF REPORTING PERSONS | Ben Horowitz (“Horowitz”) |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) x | |
| 3 | SEC USE ONLY | |
| 4 |
CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen | |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE
VOTING POWER |
| 6 | SHARED VOTING POWER 19,767,212 shares1, of which 9,688,206 are directly owned by AH Annex, 9,120,709 are directly owned by AH II, 483,574 are directly owned by AH II-A, 175,235 are directly owned by AH II-B, 235,848 are directly owned by AH Parallel, 58,010 are directly owned by AH Parallel III, 472 are directly owned by AH Parallel III-A, 674 are directly owned by AH Parallel III-B, and 4,484 are directly owned by AH Parallel III-Q. Horowitz is a managing member of AH Equity II, the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel, a managing member of AH Equity Parallel III, the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, and may be deemed to have shared power to vote these shares. | |
| 7 | SOLE DISPOSITIVE POWER 0 shares. | |
| 8 | SHARED DISPOSITIVE POWER 19,767,212 shares1, of which 9,688,206 are directly owned by AH Annex, 9,120,709 are directly owned by AH II, 483,574 are directly owned by AH II-A, 175,235 are directly owned by AH II-B, 235,848 are directly owned by AH Parallel, 58,010 are directly owned by AH Parallel III, 472 are directly owned by AH Parallel III-A, 674 are directly owned by AH Parallel III-B, and 4,484 are directly owned by AH Parallel III-Q. Horowitz is a managing member of AH Equity II, the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel, a managing member of AH Equity Parallel III, the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, and may be deemed to have shared power to dispose of these shares. |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 19,767,212 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 14.6%2,3 |
| 12 | TYPE OF REPORTING PERSON | IN |
| CUSIP NO. 009066101 | 13 G | Page 16 of 24 Pages |
1 Represents (i) 63,640 shares of Class A Common Stock and (ii) 19,703,572 shares of Class B Common Stock. Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock.
2 Based on 115,499,875 shares of the Issuer’s Class A Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, plus 19,703,572 shares of the Issuer’s Class B Common Stock held by the Reporting Person as of December 31, 2020, which are treated as converted into Class A Common Stock only for the purpose of computing the percentage ownership of the Reporting Person.
3 Each share of Class A Common Stock is entitled to one vote and each share of Class B Common Stock is entitled to twenty votes. There were 483,697,162 shares of Class B Common Stock outstanding as of December 31, 2020, as reported by the Issuer to the Reporting Person, including the 19,703,572 shares of Class B Common Stock held by the Reporting Person as set forth in footnote “2” above. The percentage reported does not reflect the twenty for one voting power of the Class B Common Stock because these shares are treated as converted into Class A Common Stock for the purpose of this report.
| CUSIP NO. 009066101 | 13 G | Page 17 of 24 Pages |
| ITEM 1(A). | NAME OF ISSUER |
Airbnb, Inc.
| ITEM 1(B). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
888 Brannan Street
San Francisco, California 94103
| ITEM 2(A). | NAME OF PERSONS FILING |
This Schedule 13G is filed by AH Annex Fund, L.P., a Delaware limited partnership (“AH Annex”), Andreessen Horowitz Fund II, L.P., a Delaware limited partnership (“AH II”), Andreessen Horowitz Fund II-A, L.P., a Delaware limited partnership (“AH II-A”), Andreessen Horowitz Fund II-B, L.P., a Delaware limited partnership (“AH II-B”), AH Parallel Fund, L.P., a Delaware limited partnership (“AH Parallel”), AH Equity Partners II, L.L.C., a Delaware limited liability company (“AH Equity II”), AH Parallel Fund III, L.P., a Delaware limited partnership (“AH Parallel III”), AH Parallel Fund III-A, L.P., a Delaware limited partnership (“AH Parallel III-A”), AH Parallel Fund III-B, L.P., a Delaware limited partnership (“AH Parallel III-B”), AH Parallel Fund III-Q, L.P., a Delaware limited partnership (“AH Parallel III-Q”), AH Equity Partners III (Parallel), L.L.C., a Delaware limited liability company (“AH Equity Parallel III”), Marc Andreessen (“Andreessen”) and Ben Horowitz (“Horowitz”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”
AH Equity II is the general partner of AH Annex, AH II, AH II-A, AH II-B and AH Parallel and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by AH Annex, AH II, AH II-A, AH II-B and AH Parallel. Andreessen and Horowitz are managing members of AH Equity II and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by AH Annex, AH II, AH II-A, AH II-B and AH Parallel.
AH Equity Parallel III is the general partner of AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q. Andreessen and Horowitz are managing members of AH Equity Parallel III and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q.
| ITEM 2(B). | ADDRESS OF PRINCIPAL OFFICE |
The address for each of the Reporting Persons is:
Andreessen Horowitz
2865 Sand Hill Road
Suite 101
Menlo Park, California 94025
| ITEM 2(C) | CITIZENSHIP |
See Row 4 of cover page for each Reporting Person.
| ITEM 2(D) | TITLE OF CLASS OF SECURITIES |
Class A Common Stock, $0.0001 par value
| ITEM 2(E) | CUSIP NUMBER |
009066101
| CUSIP NO. 009066101 | 13 G | Page 18 of 24 Pages |
| ITEM 3. | Not Applicable. |
| ITEM 4. | OWNERSHIP |
The following information with respect to the ownership of the Class A Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2020.
| (a) | Amount beneficially owned: |
See Row 9 of cover page for each Reporting Person.
| (b) | Percent of Class: |
See Row 11 of cover page for each Reporting Person.
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
See Row 5 of cover page for each Reporting Person.
| (ii) | Shared power to vote or to direct the vote: |
See Row 6 of cover page for each Reporting Person.
| (iii) | Sole power to dispose or to direct the disposition of: |
See Row 7 of cover page for each Reporting Person.
| (iv) | Shared p ower to dispose or to direct the disposition of: |
See Row 8 of cover page for each Reporting Person.
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
Not applicable.
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. |
Under certain circumstances set forth in the limited partnership agreements of AH Annex, AH II, AH II-A, AH II-B, AH Parallel, AH Parallel III, AH Parallel III-A, AH Parallel III-B and AH Parallel III-Q, and the limited liability company agreements of AH Equity II and AH Equity Parallel III, the general partner and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a partner or a member, as the case may be.
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY |
Not applicable.
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. |
Not applicable.
| CUSIP NO. 009066101 | 13 G | Page 19 of 24 Pages |
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP. |
Not applicable.
| ITEM 10. | CERTIFICATION. |
Not applicable.
| CUSIP NO. 009066101 | 13 G | Page 20 of 24 Pages |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 16, 2021
| AH Annex Fund, L.P. | ||
| By: AH Equity Partners II, L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| Andreessen Horowitz Fund II, L.P. | ||
| Andreessen Horowitz Fund II-A, L.P. | ||
| Andreessen Horowitz Fund II-B, L.P. | ||
| By: AH Equity Partners II, L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Parallel Fund, L.P. | ||
| By: AH Equity Partners II, L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Equity Partners II, L.L.C. | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Parallel Fund III, L.P. | ||
| AH Parallel Fund III-A, L.P. | ||
| AH Parallel Fund III-B, L.P. | ||
| AH Parallel Fund III-Q, L.P. | ||
| By: AH Equity Partners III (Parallel), L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Equity Partners III (Parallel), L.L.C. | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| CUSIP NO. 009066101 | 13 G | Page 21 of 24 Pages |
| Marc Andreessen | |
| /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | |
| Attorney-in-fact for Marc Andreessen* | |
| Ben Horowitz | |
| /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | |
| Attorney-in-fact for Ben Horowitz* |
*The Power of Attorney set forth in Exhibit 24.1 to the Initial Statement of Beneficial Ownership of Securities on Form 3, as amended, filed by such Reporting Person with the Securities and Exchange Commission on April 25, 2019 is incorporated herein by reference.
| CUSIP NO. 009066101 | 13 G | Page 22 of 24 Pages |
EXHIBIT INDEX
| Found
on Sequentially | ||
| Exhibit | Numbered Page | |
| Exhibit A: Agreement of Joint Filing | 23 |
| CUSIP NO. 009066101 | 13 G | Page 23 of 24 Pages |
exhibit A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A Common Stock of Airbnb, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.
Date: February 16, 2021
| AH Annex Fund, L.P. | ||
| By: AH Equity Partners II, L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| Andreessen Horowitz Fund II, L.P. | ||
| Andreessen Horowitz Fund II-A, L.P. | ||
| Andreessen Horowitz Fund II-B, L.P. | ||
| By: AH Equity Partners II, L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Parallel Fund, L.P. | ||
| By: AH Equity Partners II, L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Equity Partners II, L.L.C. | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Parallel Fund III, L.P. | ||
| AH Parallel Fund III-A, L.P. | ||
| AH Parallel Fund III-B, L.P. | ||
| AH Parallel Fund III-Q, L.P. | ||
| By: AH Equity Partners III (Parallel), L.L.C. | ||
| Its: General Partner | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| AH Equity Partners III (Parallel), L.L.C. | ||
| By: | /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | ||
| CUSIP NO. 009066101 | 13 G | Page 24 of 24 Pages |
| Marc Andreessen | |
| /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | |
| Attorney-in-fact for Marc Andreessen | |
| Ben Horowitz | |
| /s/ Scott Kupor | |
| Scott Kupor, Chief Operating Officer | |
| Attorney-in-fact for Ben Horowitz |