Sarah Friar - 31 Dec 2022 Form 5 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: CEO and President, Director, 10%+ Owner
Signature: /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Issuer symbol: KIND
Transactions as of: 31 Dec 2022
Net transactions value: $0
Form type: 5
Filing time: 10 Feb 2023, 15:12:42 UTC
Previous filing: 04 Oct 2022
Next filing: 06 Mar 2023
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	Gift	$0	+95,716	+0.89%	$0.000000	10,881,278	03 Mar 2022	Class A Common Stock	95,716		Direct	F1
transaction	KIND	Class B Common Stock	Gift	$0	-95,716	-3.6%	$0.000000	2,549,423	03 Mar 2022	Class A Common Stock	95,716		Sarah Friar 2019 NXTDR Grantor Retained Annuity Trust dated November 20, 2019	F1

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

Explanation of Responses:

Id	Content
F1	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.

Content

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.