Michael Doyle - 25 Feb 2022 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: CFO and Treasurer
Signature: Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Issuer symbol: KIND
Transactions as of: 25 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 01 Mar 2022, 15:24:05 UTC
Previous filing: 04 Feb 2022
Next filing: 29 Mar 2022
SEC: View on sec.gov

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	Options Exercise	$0	+28,712	+203%	$0.000000	42,888	25 Feb 2022	Class A Common Stock	28,712		Direct	F1, F2
transaction	KIND	Stock Option (Right to Buy)	Options Exercise	$0	-28,712	-1.6%	$0.000000	1,820,524	25 Feb 2022	Class B Common Stock	28,712	$1.18	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Each share of the Issuer's Class B Common Stock is convertible into one share of Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers.
F2	A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. Additionally, all of the Issuer's Class B Common Stock will convert automatically into Class A Common Stock on a one-for-one basis upon the earlier of: (i) November 5, 2031; or (ii) the date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding.
F3	The award vests as to 1/48 of the total award monthly on the 27th, subject to the reporting person's continued service to the Issuer on each vesting date.