Heidi Andersen - Nov 5, 2021 Form 4/A - Amendment 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 - Amendment
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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.

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.