John Orta - 02 Mar 2023 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role
Head of Legal and Secretary
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Issuer symbol
KIND
Transactions as of
02 Mar 2023
Net transactions value
$0
Form type
4
Filing time
06 Mar 2023, 18:02:53 UTC
Previous filing
21 Feb 2023
Next filing
05 Apr 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 Restricted Stock Units (RSU) Award $0 +41,322 $0.000000 41,322 02 Mar 2023 Class A Common Stock 41,322 Direct F1, F2, F3
transaction KIND Restricted Stock Units (RSU) Award $0 +103,306 $0.000000 103,306 02 Mar 2023 Class A Common Stock 103,306 Direct F1, F3, F4
transaction KIND Stock Options (Right to buy) Award $0 +17,812 $0.000000 17,812 02 Mar 2023 Class A Common Stock 17,812 $1.91 Direct F5
transaction KIND Stock Options (Right to buy) Award $0 +44,535 $0.000000 44,535 02 Mar 2023 Class A Common Stock 44,535 $1.91 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The RSU award vests in four equal quarterly installments on each of: (i) April 15, 2024; (ii) July 15, 2024; (iii) October 15, 2024; and (iv) January 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
F3 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F4 The RSU award vests in four equal quarterly installments on each of: (i) April 15, 2025; (ii) July 15, 2025; (iii) October 15, 2025; and (iv) January 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date.
F5 The stock option award vests as to 1/3 of the shares on February 1, 2024, 1/3 of the shares on March 1, 2024, and 1/3 of the shares on April 1, 2024, subject to the reporting person's continued service to the Issuer on each vesting date.
F6 The stock option award vests as to 1/3 of the shares on February 1, 2025, 1/3 of the shares on March 1, 2025, and 1/3 of the shares on April 1, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.