Michael Doyle - Nov 5, 2021 Form 4/A - Amendment Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: CFO and Treasurer
Signature: Sophia Contreras Schwartz, as Attorney-in-Fact for Michael Doyle
Stock symbol: KIND
Transactions as of: Nov 5, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 1/7/2022, 03:43 PM
Date Of Original Report: Nov 9, 2021
Next filing: Feb 4, 2022

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

Type	Sym	Class	Transaction	Shares	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KIND	Stock Option (Right to Buy)	Award	+1.86M	1.86M	Nov 5, 2021	Class B Common Stock	1.86M	$1.18	Direct	F1, F2
transaction	KIND	Stock Option (Right to Buy)	Award	+372K	372K	Nov 5, 2021	Class B Common Stock	372K	$2.41	Direct	F1, F3
transaction	KIND	Stock Option (Right to Buy)	Award	+195K	195K	Nov 5, 2021	Class B Common Stock	195K	$2.41	Direct	F1, F4

* 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." In connection with the consummation 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	1,475,202 of the options vest on the transaction date. The remainder will vest as to 1/48 of the total award monthly on the 27th thereafter, subject to the reporting person's continued service to the Issuer on each vesting date.
F3	1/12 of the award will vest on February 1, 2023, and the remainder will vest as to 1/12 of the total award monthly on the first thereafter, subject to the reporting person's continued service to the Issuer on each vesting date.
F4	1/4 of the award will vest on October 1, 2022, and the remainder will vest as to 1/4 of the total award monthly on the first thereafter, 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: (i) total number of options that vested on the transaction date, as set forth in Footnote 2; and (ii) vesting schedules set forth in Footnotes 3 and 4.