Shasta Ventures II GP, LLC - May 28, 2024 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: 10%+ Owner
Signature: Shasta Ventures II GP, LLC, By /s/ Jason Pressman, Managing Member
Stock symbol: KIND
Transactions as of: May 28, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/30/2024, 05:33 PM
Previous filing: Nov 15, 2021
Next filing: Jun 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KIND	Class A Common Stock	Conversion of derivative security	$0	+4M		$0.00	4M	May 28, 2024	By Shasta Ventures II, L.P.	F1, F2
transaction	KIND	Class A Common Stock	Other	$0	-4M	-100%	$0.00^*	0	May 28, 2024	By Shasta Ventures II, L.P.	F2, F3
transaction	KIND	Class A Common Stock	Other	$0	+832K		$0.00	832K	May 28, 2024	By Shasta Ventures II GP, LLC	F4, F5
transaction	KIND	Class A Common Stock	Other	$0	-812K	-97.6%	$0.00	20K	May 28, 2024	By Shasta Ventures II GP, LLC	F5, F6

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	Class B Common Stock	Conversion of derivative security		-4M	-14.62%		23.4M	May 28, 2024	Class A Common Stock	4M		By Shasta Ventures II, L.P.	F1, F2, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration at the option of the Reporting Person.
F2	The shares are held directly by Shasta Ventures II, L.P. ("Shasta Ventures II"). Shasta Ventures II GP, LLC ("SVII GP") is the general partner of Shasta Ventures II and may be deemed to beneficially own the shares held by Shasta Ventures II. SVII GP disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
F3	Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Shasta Ventures II to its general partner and limited partners without additional consideration.
F4	Represents receipt of shares in the distribution in kind described in footnote (3).
F5	The shares are held directly by SVII GP. SVII GP disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
F6	Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by SVII GP to its members without additional consideration.
F7	Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the Reporting Person's election; provided, however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).