Key facts
- This page summarizes Shasta Ventures II GP, LLC's Form 4 filing for Nextdoor Holdings, Inc. (KIND).
- 5 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 07 Jun 2024, 16:15.
Shasta Ventures II GP, LLC - 05 Jun 2024 Form 4 Insider Report for Nextdoor Holdings, Inc. (KIND)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- KIND
- Reported as of
- 05 Jun 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Jun 2024, 16:15:10 UTC
- Prior SEC filing
- 30 May 2024
- Source filing
- View source filing
- Reporting owner signature
- Shasta Ventures II GP, LLC, By /s/ Jason Pressman, Managing Member
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Shasta Ventures II GP, LLC filed Form 4 for Nextdoor Holdings, Inc. (KIND) on 07 Jun 2024.
Change
- Previous filing in this sequence was filed on 30 May 2024.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
KIND
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +5,000,000
- Change %
- Price
- $0.000000
- Shares after
- 5,000,000
- Date
- 05 Jun 2024
- Ownership
- By Shasta Ventures II, L.P.
- Footnotes
- F1, F2
KIND
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- -5,000,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 05 Jun 2024
- Ownership
- By Shasta Ventures II, L.P.
- Footnotes
- F2, F3
KIND
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- +1,040,000
- Change %
- +5200%
- Price
- $0.000000
- Shares after
- 1,060,000
- Date
- 05 Jun 2024
- Ownership
- By Shasta Ventures II GP, LLC
- Footnotes
- F4, F5
KIND
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- -1,015,000
- Change %
- -96%
- Price
- $0.000000
- Shares after
- 45,000
- Date
- 05 Jun 2024
- Ownership
- By Shasta Ventures II GP, LLC
- Footnotes
- F5, F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
KIND
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- Shares
- -5,000,000
- Change %
- -21%
- Price
- Shares after
- 18,360,232
- Date
- 05 Jun 2024
- Ownership
- By Shasta Ventures II, L.P.
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,000,000
- Exercise price
- Footnotes
- F1, F2, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Shasta Ventures II GP, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
Each share of Class B Common Stock was converted into one share of Class A Common Stock for no additional consideration at the option of the Reporting Person.
Footnote F2
The shares are held directly by Shasta Ventures II, L.P. ("Shasta Ventures II"). Shasta Ventures II GP, LLC ("SVII GP") is the general partner of Shasta Ventures II and may be deemed to beneficially own the shares held by Shasta Ventures II. SVII GP disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
Footnote F3
Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Shasta Ventures II to its general partner and limited partners without additional consideration.
Footnote F4
Represents receipt of shares in the distribution in kind described in footnote (3).
Footnote F5
The shares are held directly by SVII GP. SVII GP disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
Footnote F6
Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by SVII GP to its members without additional consideration.
Footnote F7
Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the Reporting Person's election; 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).