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

Signature
/s/ Noah Johnson, as Attorney-in-Fact for Reporting Person
Stock symbol
KIND
Transactions as of
Nov 15, 2024
Transactions value $
-$10,991
Form type
4
Date filed
11/19/2024, 04:26 PM
Previous 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 +6.91K +3% $0.00 237K Nov 15, 2024 Direct
transaction KIND Class A Common Stock Tax liability -$5.66K -2.39K -1.01% $2.37 235K Nov 15, 2024 Direct
transaction KIND Class A Common Stock Sale -$5.33K -2.26K -0.96% $2.36 232K Nov 18, 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 -6.91K -50% $0.00 6.9K Nov 15, 2024 Class A Common Stock 6.91K Direct F2, F3, F4
* 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 equal quarterly installments over one year on February 15, May 15, August 15 and November 15, with the first such vesting event on May 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.