Vinod Khosla - Nov 5, 2021 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role
10%+ Owner
Signature
Khosla Ventures SPAC Sponsor II LLC By: /s/ Samir Kaul, authorized representative
Stock symbol
KIND
Transactions as of
Nov 5, 2021
Transactions value $
$7,500,000
Form type
4
Date filed
11/9/2021, 07:12 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KIND Class A Common Stock Conversion of derivative security +10.2M +903.36% 11.4M Nov 5, 2021 See Footnote F1, F2, F7
transaction KIND Class A Common Stock Purchase $7.5M +750K $10.00 750K Nov 5, 2021 See Footnote F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KIND Class B Common Stock Conversion of derivative security $0 -4.88M -100% $0.00* 0 Nov 5, 2021 Class A Common Stock 7.17M See Footnote F1, F7
transaction KIND Class K Common Stock Conversion of derivative security $0 -5M -100% $0.00* 0 Nov 5, 2021 Class A Common Stock 3.06M See Footnote F2, F7
transaction KIND Class B Common Stock Conversion of derivative security $0 +8.12K $0.00 8.12K Nov 5, 2021 Class A Common Stock 8.12K See Footnote F3, F4
transaction KIND Class B Common Stock Conversion of derivative security $0 +459 $0.00 459 Nov 5, 2021 Class A Common Stock 459 See Footnote F3, F5
transaction KIND Common Stock Conversion of derivative security $0 -2.62K -100% $0.00* 0 Nov 5, 2021 Class B Common Stock 2.62K See Footnote F3, F4
transaction KIND Common Stock Conversion of derivative security $0 -148 -100% $0.00* 0 Nov 5, 2021 Class B Common Stock 148 See Footnote F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Vinod Khosla is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Class B Common Stock of Khosla Ventures Acquisition Co. II automatically converted into shares of Class A Common Stock of the Issuer upon completion of the initial business combination on a one for 1.4694498 basis.
F2 The Class K Common Stock of Khosla Ventures Acquisition Co. II automatically converted into 3,061,354 shares of Class A Common Stock of the Issuer upon completion of the initial business combination.
F3 Consists of shares of Common Stock of Nextdoor, Inc. that automatically converted into shares of Class B Common Stock of the Issuer upon completion of the initial business combination on a one for 3.10568770561646 basis.
F4 Khosla Ventures Seed B, L.P. ("KV Seed B") is the record holder of the shares reported herein, of which Khosla Ventures Seed Associates B, LLC ("KVA Seed B") is the general partner. Vinod Khosla is the managing member of VK Services, LLC ("VK Services"), which is the sole manager of KVA Seed B. Each of KVA Seed B, VK Services and Vinod Khosla may be deemed to possess voting and investment control over such securities held by KV Seed B, and each of KVA Seed B, VK Services and Vinod Khosla may be deemed to have indirect beneficial ownership of such securities held by KV Seed B. Each of KVA Seed B, VK Services and Mr. Khosla disclaim any beneficial ownership of such shares other than to the extent of their pecuniary interest therein.
F5 Khosla Ventures Seed B (CF), L.P. ("KV Seed B CF") is the record holder of the shares reported herein, of which KVA Seed B is the general partner. Vinod Khosla is the managing member of VK Services, which is the sole manager of KVA Seed B. Each of KVA Seed B, VK Services and Vinod Khosla may be deemed to possess voting and investment control over such securities held by KV Seed B CF, and each of KVA Seed B, VK Services and Vinod Khosla may be deemed to have indirect beneficial ownership of such securities held by KV Seed B CF. Each of KVA Seed B, VK Services and Mr. Khosla disclaim any beneficial ownership of such shares other than to the extent of their pecuniary interest therein.
F6 Khosla Ventures Opportunity I, L.P. ("KV Opp") is the record holder of the shares reported herein, of which Khosla Ventures Opportunity Associates I, LLC ("KVA Opp") is the general partner. Vinod Khosla is the managing member of VK Services, which is the sole manager of KVA Opp. Each of KVA Opp, VK Services and Vinod Khosla may be deemed to possess voting and investment control over such securities held by KV Opp, and each of KVA Opp, VK Services and Vinod Khosla may be deemed to have indirect beneficial ownership of such securities held by KV Seed Opp. Each of KVA Opp, VK Services and Mr. Khosla disclaim any beneficial ownership of such shares other than to the extent of their pecuniary interest therein.
F7 Khosla Ventures SPAC Sponsor II LLC ("Sponsor") is the record holder of the shares reported herein. Khosla Ventures SPAC Sponsor Services LLC is the owner of Sponsor. VK Services and SK SPAC Services, LLC are the joint owners of Khosla Ventures SPAC Sponsor Services LLC. Vinod Khosla and Samir Kaul are the managing members of VK Services and SK SPAC Services, LLC, respectively. As such, each of VK Services, SK SPAC Services, LLC and Messrs. Khosla and Kaul may be deemed to share beneficial ownership of the shares held directly by Sponsor. Each of VK Services, SK SPAC Services, LLC and Messrs. Khosla and Kaul disclaim any beneficial ownership of such shares other than to the extent of their pecuniary interest therein.