Leslie J. Kilgore - 05 Nov 2021 Form 4/A - Amendment Insider Report for Nextdoor Holdings, Inc. (KIND)

Source evidence Original filing metadata and source links for verification. 6 source fields
SEC form
4/A - Amendment
Accepted by SEC
07 Apr 2022, 17:23:36 UTC
Original report date
09 Nov 2021
Prior SEC filing
02 Nov 2021
Next SEC filing
02 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sophia Contreras Schwartz, as Attorney-in-Fact for Reporting Person

Key filing fact

Leslie J. Kilgore filed Form 4/A - Amendment for Nextdoor Holdings, Inc. (KIND) on 07 Apr 2022.

Key facts

  • This page summarizes Leslie J. Kilgore's Form 4/A - Amendment filing for Nextdoor Holdings, Inc. (KIND).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 07 Apr 2022, 17:23.

Change

  • Previous filing in this sequence was filed on 02 Nov 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KIND transaction Derivative

Class B Common Stock

Award

Transaction value
Shares
+613,758
Change %
Price
Shares after
613,758
Date
05 Nov 2021
Ownership
By The JLK Family Legacy Trust
Underlying class
Class A Common Stock
Underlying amount
613,758
Exercise price
Footnotes
F1, F2
KIND transaction Derivative

Class B Common Stock

Award

Transaction value
Shares
+106,577
Change %
Price
Shares after
106,577
Date
05 Nov 2021
Ownership
By the JLK Revocable Trust dtd October 13, 2003
Underlying class
Class A Common Stock
Underlying amount
106,577
Exercise price
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents shares of Class B Common Stock received pursuant to a business combination (the "Business Combination") which was effectuated in accordance with the terms of an Agreement and Plan of Merger dated as of July 6, 2021, entered into by and among: (i) Khosla Ventures Acquisition Co. II (the "Issuer"), a Delaware corporation; (ii) Lorelei Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of the Issuer; and (iii) Nextdoor, Inc. ("Original Nextdoor"), a Delaware corporation. As a result of the Business Combination, Original Nextdoor became a wholly-owned subsidiary of the Issuer and the Issuer was renamed "Nextdoor Holdings, Inc." Upon completion of the Business Combination, the reporting person's shares of the capital stock of Original Nextdoor were exchanged for shares of Class B Common Stock of the Issuer based on an exchange ratio of approximately 3.1057 to 1.

Footnote F2

Each share of Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock at the election of the holder at 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 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).

Footnote F3

Certain of the shares are subject to the Issuer's right of repurchase if underlying vesting conditions are not met.

SEC remarks

This Form 4 is being amended to correct the total number of shares of Class B Common Stock owned by The JLK Family Legacy Trust. This amendment supersedes and replaces all prior amendments of this Form 4 previously filed.

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