Airbnb’s Senior Vice President for Global Policy and Communications Chris Lehane submitted a comment letter to the Securities and Exchange Commission (SEC) in support of a new Proposed Rule that would make it easier for companies to share equity with the people who help power their platforms under Rule 701 and Form S-8.
While Airbnb hosts have benefited from our platform, we have long sought broader pathways for hosts to own Airbnb equity. Our recent initial public offering included a directed share program for certain eligible hosts and we previously advocated for changes to allow companies like ours to include more people in their equity compensation plans.
We urge the Commission to adopt the Proposed Rule and make it easier for hosts and other participants throughout the sharing economy to share in the success that they help make possible.
A copy of the letter can be found here.