Heidi Andersen - Nov 5, 2021 Form 4/A - restatement Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: Head of Revenue
Signature: /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Heidi Andersen
Stock symbol: KIND
Transactions as of: Nov 5, 2021
Transactions value $: $0
Form type: 4/A - RESTATEMENT
Date filed: 1/7/2022, 03:40 PM
Date Of Original Report: Nov 9, 2021
Next filing: Mar 29, 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)	Award		+1.48M			1.48M	Nov 5, 2021	Class B Common Stock	1.48M	$2.37	Direct	F1, F2

Explanation of Responses:

Id	Content
F1	Represents stock options received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of July 6, 2021, entered into by and among: (i) Khosla Ventures Acquisition Co. II (the "Issuer"), a Delaware corporation; (ii) Lorelei Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of the Issuer; and (iii) Nextdoor, Inc. ("Original Nextdoor"), a Delaware corporation. As a result of the Business Combination, Original Nextdoor became a wholly-owned subsidiary of the Issuer and the Issuer was renamed "Nextdoor Holdings, Inc." Upon completion of the Business Combination, the reporting person's stock options previously awarded by Original Nextdoor for shares of its common stock were exchanged for substitute option awards, of an equivalent economic value, which vest and become exercisable for shares of the Issuer's Class B Common Stock.
F2	461,972 of the options vest on the transaction date. The remainder will vest as to 1/48 of the total award monthly on the 13th, subject to the reporting person's continued service to the Issuer on each vesting date.

Content

Represents stock options received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of July 6, 2021, entered into by and among: (i) Khosla Ventures Acquisition Co. II (the "Issuer"), a Delaware corporation; (ii) Lorelei Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of the Issuer; and (iii) Nextdoor, Inc. ("Original Nextdoor"), a Delaware corporation. As a result of the Business Combination, Original Nextdoor became a wholly-owned subsidiary of the Issuer and the Issuer was renamed "Nextdoor Holdings, Inc." Upon completion of the Business Combination, the reporting person's stock options previously awarded by Original Nextdoor for shares of its common stock were exchanged for substitute option awards, of an equivalent economic value, which vest and become exercisable for shares of the Issuer's Class B Common Stock.

461,972 of the options vest on the transaction date. The remainder will vest as to 1/48 of the total award monthly on the 13th, subject to the reporting person's continued service to the Issuer on each vesting date.

Remarks:

This Form 4 is being amended to correct the total number of stock options that vested on the transaction date, as set forth in Footnote 2, above.