Heidi Andersen - Apr 15, 2024 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role
Head of Revenue
Signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Stock symbol
KIND
Transactions as of
Apr 15, 2024
Transactions value $
-$121,122
Form type
4
Date filed
4/17/2024, 04:01 PM
Previous filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KIND Class A Common Stock Options Exercise $0 +215K +2149.41% $0.00 225K Apr 15, 2024 Direct F1
transaction KIND Class A Common Stock Tax liability -$121K -61.8K -27.47% $1.96 163K Apr 15, 2024 Direct

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) Options Exercise $0 -203K -25% $0.00 608K Apr 15, 2024 Class A Common Stock 203K Direct F2, F3, F4
transaction KIND Restricted Stock Units (RSU) Options Exercise $0 -12.4K -25% $0.00 37.2K Apr 15, 2024 Class A Common Stock 12.4K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported total includes 2,500 shares that were acquired pursuant to the Issuer's Employee Stock Purchase Plan in one or more transactions exempt pursuant to Rules 16b-3(c) and 16b-3(d).
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 The RSU award vests quarterly over one year on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2024, subject to the reporting person's continued service to the Issuer on each vesting date.
F4 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F5 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.