John Hope Bryant - 11 Dec 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
Issuer symbol: KIND
Transactions as of: 11 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 14 Dec 2021, 16:25:21 UTC
Previous filing: 07 Jan 2022
Next filing: 23 Nov 2022
SEC: View on sec.gov

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	-67,031	-29%	$0.000000	162,249	11 Dec 2021	Class B Common Stock	67,031	$2.41	Direct	F1
transaction	KIND	Class B Common Stock	Options Exercise	$0	+67,031		$0.000000	67,031	11 Dec 2021	Class A Common Stock	67,031		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.