John Orta - Apr 15, 2024 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
Stock symbol
KIND
Transactions as of
Apr 15, 2024
Transactions value $
-$124,344
Form type
4
Date filed
4/17/2024, 04:02 PM
Previous filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction KIND Class A Common Stock Options Exercise $0 +182 K +33.41% $0.00 726 K Apr 15, 2024 Direct
transaction KIND Class A Common Stock Tax liability -$124 K -63.4 K -8.74% $1.96 662 K 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 -10.3 K -25% $0.00 31 K Apr 15, 2024 Class A Common Stock 10.3 K Direct F1, F2, F3
transaction KIND Restricted Stock Units (RSU) Options Exercise $0 -171 K -25% $0.00 514 K Apr 15, 2024 Class A Common Stock 171 K Direct F1, F2, F3

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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.