SCHEDULE 13G/A: BlackRock Discloses 5.3% Passive Stake in Nextdoor Holdings, Inc.

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 5.3% passive beneficial ownership stake in Nextdoor Holdings, Inc. as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 12,518,613 shares of Nextdoor Holdings, Inc. common stock.
• This ownership represents 5.3% of the total outstanding common stock of Nextdoor Holdings, Inc.
• BlackRock holds sole voting power over 12,215,016 shares and sole dispositive power over 12,518,613 shares.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• The disclosure is made by BlackRock, Inc. and its Reporting Business Units, with beneficial ownership disaggregated from other business units as per SEC Release No. 34-39538.
• Several BlackRock subsidiaries are identified as having acquired the security, including BlackRock Advisors, LLC, BlackRock Asset Management Canada Limited, BlackRock Fund Advisors, BlackRock Asset Management Ireland Limited, BlackRock Institutional Trust Company, National Association, BlackRock Financial Management, Inc., BlackRock Fund Managers Ltd, and BlackRock Investment Management, LLC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. While a Schedule 13G is a routine disclosure, the presence of a significant passive stake by a major institutional investor like BlackRock can be interpreted as a vote of confidence in the company's long-term prospects, even without active engagement in management.

Positives

• BlackRock, a major institutional investor, holds a significant 5.3% stake, which can be viewed as a vote of confidence in Nextdoor Holdings, Inc.'s long-term prospects.
• The passive nature of the investment indicates it is held in the ordinary course of business, not for disruptive or activist purposes.

Negatives

• No specific negative information regarding Nextdoor Holdings, Inc.'s operations or financial performance is disclosed in this ownership filing.

Risks

• The filing itself does not detail specific operational or financial risks for Nextdoor Holdings, Inc.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Nextdoor Holdings, Inc.'s future outlook.

Management Comments

• BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing reflects a routine disclosure by BlackRock, Inc., one of the world's largest asset managers, indicating its passive investment in Nextdoor Holdings, Inc. Such filings are common for large institutional investors managing diversified portfolios across various industries, including technology and social media platforms like Nextdoor.

Comparison to Industry Standards

• This Schedule 13G filing is a disclosure of beneficial ownership and does not provide financial or operational results for comparison to industry standards or specific comparable companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially signaling long-term confidence.
• Management: Awareness of a large passive investor, but no direct impact on operational decisions given the passive nature.

Next Steps

• BlackRock, Inc. will continue to monitor its beneficial ownership in Nextdoor Holdings, Inc. and file amendments to this Schedule 13G as required by SEC regulations if there are material changes to its ownership stake or investment intent.

Key Dates

Keywords

Nextdoor Holdings, BlackRock, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake, SEC filing