Shasta Ventures II GP, LLC - 05 Jun 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
Issuer symbol
KIND
Transactions as of
05 Jun 2024
Net transactions value
$0
Form type
4
Filing time
07 Jun 2024, 16:15:10 UTC
Previous filing
30 May 2024
SEC
View on sec.gov

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 +5,000,000 $0.000000 5,000,000 05 Jun 2024 By Shasta Ventures II, L.P. F1, F2
transaction KIND Class A Common Stock Other $0 -5,000,000 -100% $0.000000* 0 05 Jun 2024 By Shasta Ventures II, L.P. F2, F3
transaction KIND Class A Common Stock Other $0 +1,040,000 +5200% $0.000000 1,060,000 05 Jun 2024 By Shasta Ventures II GP, LLC F4, F5
transaction KIND Class A Common Stock Other $0 -1,015,000 -96% $0.000000 45,000 05 Jun 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 -5,000,000 -21% 18,360,232 05 Jun 2024 Class A Common Stock 5,000,000 By Shasta Ventures II, L.P. F1, F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Shasta Ventures II GP, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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).