Airbnb Inc.’s Joe Gebbia sold more than $1 billion of stock so far this year as shares of the vacation home-rental company he co-founded climbed.
Gebbia most recently unloaded 516,666 Class A shares on July 13 for $71.7 million, bringing the total sold since January to just over $1 billion, according to regulatory filings.
Since stepping down from his full-time role at Airbnb last year, Gebbia, 41, has been selling shares at a steady clip, offloading more than $1.37 billion worth since last July. He remains on the San Francisco-based company’s board, as well as serving as chairman of its nonprofit arm, Airbnb.org.
Read the full story on Bloomberg here.