John Hope Bryant - Dec 11, 2021 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role
Director
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for John Hope Bryant
Stock symbol
KIND
Transactions as of
Dec 11, 2021
Transactions value $
$0
Form type
4
Date filed
12/14/2021, 04:25 PM
Previous filing
Nov 9, 2021
Next filing
Nov 23, 2022

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 Stock Option (Right to Buy) Options Exercise $0 -67K -29.24% $0.00 162K Dec 11, 2021 Class B Common Stock 67K $2.41 Direct F1
transaction KIND Class B Common Stock Options Exercise $0 +67K $0.00 67K Dec 11, 2021 Class A Common Stock 67K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The award vests as to 1/48 of the total award monthly on the 29th, subject to the reporting person's continued service to the Issuer on each vesting date.
F2 Each share of the Issuer's Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers.
F3 A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. Additionally, all of the Issuer's Class B Common Stock will convert automatically into Class A Common Stock on a one-for-one basis upon the earlier of: (i) November 5, 2031; or (ii) the date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding.