SAN FRANCISCO, June 3, 2025 /PRNewswire/ -- On June 2, 2025, Airbnb (NASDAQ:ABNB) learned that the company and certain of its directors and executives were named as defendants in a lawsuit filed in the U.S. District Court for the District of Delaware by The Heritage Foundation and American Conservative Values ETF.

The complaint alleges, among other things, that Airbnb improperly excluded certain shareholder proposals from its 2025 definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 25, 2025 (the "Proxy Statement").

Airbnb disputes the characterizations and claims in the complaint, but nevertheless is attaching a copy of it, with Exhibits A and B, which include the text of the two proposals. As we informed the shareholders, we do not have a record of previous receipt of the shareholder proposals, and thus, were unable to include either proposal in our Proxy Statement for shareholder review. We have offered to work with the shareholders to make sure their proposals are considered for inclusion at our 2026 shareholder meeting.

Airbnb will hold its 2025 annual meeting of shareholders on June 4, 2025 at 10:00 a.m. Pacific Daylight Time. More information about the meeting, including instructions on how to join, is available in the Proxy Statement.

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SOURCE Airbnb, Inc.