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Airbnb, Inc. – ‘10-Q’ for 3/31/21 – ‘EX-4.3’

On:  Friday, 5/14/21, at 5:18pm ET   ·   For:  3/31/21   ·   Accession #:  1628280-21-10389   ·   File #:  1-39778

Previous ‘10-Q’:  None   ·   Next:  ‘10-Q’ on 8/13/21 for 6/30/21   ·   Latest:  ‘10-Q’ on 11/1/23 for 9/30/23   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/14/21  Airbnb, Inc.                      10-Q        3/31/21   74:8.6M                                   Workiva Inc Wde… FA01/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    930K 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     31K 
 3: EX-4.4      Instrument Defining the Rights of Security Holders  HTML     31K 
 4: EX-4.5      Instrument Defining the Rights of Security Holders  HTML     31K 
 5: EX-4.6      Instrument Defining the Rights of Security Holders  HTML     31K 
 6: EX-4.7      Instrument Defining the Rights of Security Holders  HTML     31K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
16: R1          Cover                                               HTML     82K 
17: R2          Condensed Consolidated Balance Sheets (Unaudited)   HTML    109K 
18: R3          Condensed Consolidated Balance Sheets (Unaudited)   HTML     42K 
                (Parenthetical)                                                  
19: R4          Condensed Consolidated Statements of Operations     HTML     88K 
                (Unaudited)                                                      
20: R5          Condensed Consolidated Statements of Comprehensive  HTML     44K 
                Loss (Unaudited)                                                 
21: R6          Condensed Consolidated Statements of Redeemable     HTML     83K 
                Convertible Preferred Stock and Stockholders?                    
                Equity (Deficit)                                                 
22: R7          Condensed Consolidated Statements of Cash Flows     HTML    130K 
                (Unaudited)                                                      
23: R8          Description of Business                             HTML     24K 
24: R9          Summary of Significant Accounting Policies          HTML     58K 
25: R10         Investments                                         HTML    104K 
26: R11         Fair Value Measurement and Financial Instruments    HTML    135K 
27: R12         Accrued Expenses and Other Current Liabilities      HTML     37K 
28: R13         Debt                                                HTML     52K 
29: R14         Stockholders' Equity (Deficit)                      HTML     67K 
30: R15         Commitment and Contingencies                        HTML     44K 
31: R16         Income Taxes                                        HTML     26K 
32: R17         Net Loss per Share                                  HTML     42K 
33: R18         Related Party Transactions                          HTML     25K 
34: R19         Geographic Information                              HTML     31K 
35: R20         Restructuring                                       HTML     24K 
36: R21         Accounting Policies (Policies)                      HTML     66K 
37: R22         Summary of Significant Accounting Policies          HTML     93K 
                (Tables)                                                         
38: R23         Investments (Tables)                                HTML    165K 
39: R24         Fair Value Measurement and Financial Instruments    HTML    162K 
                (Tables)                                                         
40: R25         Payables and Accruals (Tables)                      HTML     36K 
41: R26         Debt (Tables)                                       HTML     38K 
42: R27         Stockholders' Equity (Deficit) (Tables)             HTML     94K 
43: R28         Net Loss per Share (Tables)                         HTML     41K 
44: R29         Geographic Information (Tables)                     HTML     29K 
45: R30         Summary of Significant Accounting Policies -        HTML     55K 
                Narrative (Details)                                              
46: R31         Summary of Significant Accounting Policies -        HTML     33K 
                Schedule of Cash, Cash Equivalents, and Restricted               
                Cash (Details)                                                   
47: R32         Investments - Schedule of Debt Securities           HTML     87K 
                Available-for-Sale (Details)                                     
48: R33         Investments - Narrative (Details)                   HTML     43K 
49: R34         Investments - Schedule of Contractual Maturities    HTML     43K 
                of Available-for-Sale Debt Securities (Details)                  
50: R35         Investments - Schedule of Equity Securities         HTML     32K 
                without Readily Determinable Fair Value (Details)                
51: R36         Fair Value Measurement and Financial Instruments -  HTML    140K 
                Schedule of Fair Value Hierarchy for Financial                   
                Assets and Liabilities Measured at Fair Value                    
                (Details)                                                        
52: R37         Fair Value Measurement and Financial Instruments -  HTML     63K 
                Schedule of Fair Value Assets and Liabilities                    
                Measured on Recurring Basis, Rollforward (Details)               
53: R38         Fair Value Measurement and Financial Instruments -  HTML     57K 
                Narrative (Details)                                              
54: R39         Fair Value Measurement and Financial Instruments -  HTML     40K 
                Schedule of Fair Value Measurement Inputs and                    
                Valuation Techniques (Details)                                   
55: R40         Payables and Accruals (Details)                     HTML     48K 
56: R41         Debt - Summary of Outstanding Debt (Details)        HTML     43K 
57: R42         Debt - Narrative (Details)                          HTML    151K 
58: R43         Stockholders' Equity (Deficit) - Schedule of        HTML     37K 
                Valuation Assumptions (Details)                                  
59: R44         Stockholders' Equity (Deficit) - Summary of Option  HTML    109K 
                and RSU Activity (Details)                                       
60: R45         Stockholders' Equity (Deficit) - Narrative          HTML     49K 
                (Details)                                                        
61: R46         Stockholders' Equity (Deficit) - Summary of         HTML     40K 
                Restricted Stock Activity (Details)                              
62: R47         Stockholders' Equity (Deficit) - Summary of         HTML     35K 
                Stock-Based Compensation Expense (Details)                       
63: R48         Commitment and Contingencies - Narrative (Details)  HTML     48K 
64: R49         Income Taxes - Narrative (Details)                  HTML     25K 
65: R50         Net Loss per Share - Computation of Basic and       HTML     47K 
                Diluted Earnings per Share and Common Stock                      
                (Details)                                                        
66: R51         Net Loss per Share - Narrative (Details)            HTML     40K 
67: R52         Net Loss per Share - Schedule of securities with    HTML     44K 
                antidilutive effect (Details)                                    
68: R53         Related Party Transactions - Narrative (Details)    HTML     26K 
69: R54         Geographic Information - Schedule of revenue by     HTML     30K 
                geography (Details)                                              
70: R55         Restructuring - Narrative (Details)                 HTML     35K 
72: XML         IDEA XML File -- Filing Summary                      XML    126K 
15: XML         XBRL Instance -- abnb-20210331_htm                   XML   2.28M 
71: EXCEL       IDEA Workbook of Financial Reports                  XLSX     96K 
11: EX-101.CAL  XBRL Calculations -- abnb-20210331_cal               XML    189K 
12: EX-101.DEF  XBRL Definitions -- abnb-20210331_def                XML    719K 
13: EX-101.LAB  XBRL Labels -- abnb-20210331_lab                     XML   1.72M 
14: EX-101.PRE  XBRL Presentations -- abnb-20210331_pre              XML   1.02M 
10: EX-101.SCH  XBRL Schema -- abnb-20210331                         XSD    161K 
73: JSON        XBRL Instance as JSON Data -- MetaLinks              385±   586K 
74: ZIP         XBRL Zipped Folder -- 0001628280-21-010389-xbrl      Zip    335K 


‘EX-4.3’   —   Instrument Defining the Rights of Security Holders


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  Document  
Exhibit 4.3
Airbnb, Inc.

Warrant Amendment Agreement No. 2
This Warrant Amendment Agreement No. 2 (the “Amendment”), dated as of March 30, 2021, is entered into by and between Airbnb, Inc., a Delaware corporation (the “Corporation”), and Redwood IV Finance 1, LLC (the “Warrantholder”), a Delaware limited liability company, in order to amend that certain Warrant No. 1 to Purchase 495,925 Shares of Class A Common Stock dated as of April 17, 2020 (the “Warrant”), as previously amended by the Warrant Amendment Agreement, by and between the Corporation and the Warrantholder, dated as of November 24, 2020 (“Amendment No. 1”).

RECITALS

Whereas, Section 18 of the Warrant provides that the Warrant may be modified or amended and the observance of any term waived, in each case, only with the written consent of the Warrantholder and the Corporation (collectively, the “Requisite Amendment Parties”);

Whereas, the Requisite Amendment Parties have previously approved Amendment No. 1;

Whereas, the undersigned constitute the Requisite Amendment Parties under the Warrant; and

Whereas, the Corporation and the Warrantholder, constituting the Requisite Amendment Parties, are entering into this Amendment No. 2 to further amend the Warrant.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the promises and covenants contained herein and in the Warrant, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:
1.Effective Date. This Amendment will become effective immediately upon the execution hereof by the Corporation and the Requisite Amendment Parties.
2.Amendment.    The Paragraph 1 of Section 12(ii) of the Warrant is hereby amended and restated to read in full as provided in Exhibit A.
3.Governing Law. This Amendment shall be governed by and construed under the laws of the State of Delaware, without giving effect to its principles regarding conflicts of law.
4.Counterparts; Facsimile Signatures. This Amendment may be executed in multiple counterparts and any party hereto may execute any such counterpart, each of which when executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same instrument. For purposes of this Amendment, facsimile or .PDF signatures shall be deemed originals.
5.Effect of Amendment. This Amendment shall form a part of the Warrant for all purposes, and each party thereto and hereto shall be bound hereby. From and after the Effective Date, any reference to the Warrant shall be deemed a reference to such Warrant as amended hereby and by Amendment No. 1.
1



Except as expressly modified by this Amendment and Amendment No. 1, the Warrant shall remain unmodified and in full force and effect.
6.Waiver or Amendment. This Amendment may be modified or amended and the observance of any term of this Amendment (including, without limitation, Section 7 hereof), may be waived, in each case, only with the written consent of the Corporation and the Warrantholder.
(Signature page follows)
    



In Witness Whereof, the parties have executed this Warrant Amendment Agreement No. 2 as of the date set forth on the first page hereto.

REDWOOD IV FINANCE 1, LLC, as the Warrantholder

By: /s/ Joshua Peck        
Name: Joshua Peck    
Title:
Vice President    

AIRBNB, INC., as the Corporation

By: /s/ David E. Stephenson        
Name: David E. Stephenson    
Title:
Chief Financial Officer    

(Signature Page to Warrant Amendment Agreement)


Exhibit A

Form of Amended and Restated Paragraph 1 of Section 12(ii)

(ii)    Certain Issuances of Common Shares or Convertible Securities. If the Corporation shall issue shares of Common Stock (or rights or warrants or other securities exercisable or convertible into or exchangeable (collectively, a “conversion”) for shares of Common Stock) (collectively, “convertible securities”) (other than in a Permitted Transaction or a transaction to which subsection (i) of this Section 12 is applicable) at a price per share (or having a conversion or exercise price per share) that is less than the Exercise Price in effect immediately prior to such issuance of such shares (or such convertible securities) (the “Pre-Issuance Exercise Price”) then, in such event, (A) there shall be calculated a fraction (I) the denominator of which shall be the sum of (x) the number of shares of Common Stock of the Corporation outstanding on such date and (y) the number of additional shares of Common Stock issued (or into which convertible securities may be exercised or convert) and (II) the numerator of which shall be the sum of (1) the number of shares of Common Stock outstanding on such date and (2) the number of shares of Common Stock which the aggregate consideration receivable by the Corporation for the total number of shares of Common Stock so issued (or into which convertible securities may be exercised or convert) would purchase at the Pre-Issuance Exercise Price (such fraction, the “Adjustment Factor”); and (B) the Exercise Price payable upon exercise of the Warrant shall be adjusted by multiplying such Pre-Issuance Exercise Price by the Adjustment Factor. For the avoidance of doubt, no adjustment shall be implemented under this subsection unless the Adjustment Factor is less than 1.0. For purposes of the foregoing calculations, all shares of Common Stock issuable upon exercise of Options (as defined in the Restated Certificate) outstanding immediately prior to such issuance or upon conversion or exchange of Convertible Securities (as defined in the Restated Certificate) (including the Preferred Stock (as defined in the Restated Certificate)) outstanding (assuming exercise of any outstanding Options (as defined in the Restated Certificate) therefor) immediately prior to such issuance shall be treated as outstanding shares of Common Stock.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/14/214
For Period end:3/31/21
3/30/21
11/24/20
4/17/20
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/17/23  Airbnb, Inc.                      10-K       12/31/22  104:15M
 2/25/22  Airbnb, Inc.                      10-K       12/31/21  116:16M


2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/08/21  Airbnb, Inc.                      8-K:1,2,3,8 3/02/21    5:816K                                   Donnelley … Solutions/FA
12/14/20  Airbnb, Inc.                      8-K:5,8,9  12/14/20    3:252K                                   Donnelley … Solutions/FA
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Filing Submission 0001628280-21-010389   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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