Sophia Schwartz - Oct 15, 2024 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role
General Counsel and Secretary
Signature
/s/ Noah Johnson, as Attorney-in-Fact for Reporting Person
Stock symbol
KIND
Transactions as of
Oct 15, 2024
Transactions value $
-$214,799
Form type
4
Date filed
10/17/2024, 04:32 PM
Previous filing
Sep 9, 2024
Next filing
Nov 12, 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 +19.7K +7.66% $0.00 277K Oct 15, 2024 Direct
transaction KIND Class A Common Stock Tax liability -$17.4K -6.82K -2.46% $2.55 270K Oct 15, 2024 Direct
transaction KIND Class A Common Stock Options Exercise $0 +79.4K +29.36% $0.00 350K Oct 15, 2024 Direct
transaction KIND Class A Common Stock Tax liability -$70K -27.4K -7.85% $2.55 322K Oct 15, 2024 Direct
transaction KIND Class A Common Stock Sale -$45.3K -17.5K -5.44% $2.58 305K Oct 16, 2024 Direct F1
transaction KIND Class A Common Stock Sale -$82.2K -32.4K -10.64% $2.54 272K Oct 17, 2024 Direct F1

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 -19.7K -14.29% $0.00 118K Oct 15, 2024 Class A Common Stock 19.7K Direct F2, F3, F4
transaction KIND Restricted Stock Units (RSU) Options Exercise $0 -79.4K -50% $0.00 79.4K Oct 15, 2024 Class A Common Stock 79.4K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Sale of shares made pursuant to and in accordance with the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, under a plan adopted by the Reporting Person on June 6, 2024.
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 in eight equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on July 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 three equal quarterly installments on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on July 15, 2024, subject to the reporting person's continued service to the Issuer on each vesting date.