Michael Kiernan - 09 Apr 2025 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)

Role: Chief Revenue Officer
Signature: /s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person
Issuer symbol: KIND
Transactions as of: 09 Apr 2025
Net transactions value: $0
Form type: 4
Filing time: 11 Apr 2025, 16:01:17 UTC
Previous filing: 28 Mar 2025
Next filing: 17 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KIND	Class A Common Stock	Conversion of derivative security	$0	+99,639	+53%	$0.000000	288,272	09 Apr 2025	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	Stock Option (Right to Buy)	Options Exercise	$0	-99,639	-100%	$0.000000	0	09 Apr 2025	Class B Common Stock	99,639	$1.18	Direct	F1
transaction	KIND	Class B Common Stock	Options Exercise	$0	+99,639		$0.000000	99,639	09 Apr 2025	Class A Common Stock	99,639		Direct	F2
transaction	KIND	Class B Common Stock	Conversion of derivative security	$0	-99,639	-100%	$0.000000	0	09 Apr 2025	Class A Common Stock	99,639		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock option award is fully vested and exercisable.
F2	Each share of Class B Common Stock is convertible into one share of Class A Common Stock of the Issuer at the election of the holder any time; provided; however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of the completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).

Content

The stock option award is fully vested and exercisable.

Each share of Class B Common Stock is convertible into one share of Class A Common Stock of the Issuer at the election of the holder any time; provided; however, that each share of Class B Common Stock shall automatically be converted into Class A Common Stock on a one-for-one basis on the earlier of the: (i) tenth anniversary of the completion of the Business Combination or (ii) date specified by the affirmative vote of the holders of two-thirds of the Class B Common Stock then outstanding. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value (subject to certain exceptions).