SCHEDULE 13G/A: BlackRock Discloses 6.5% Stake in Nextdoor Holdings

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 6.5% beneficial ownership stake in Nextdoor Holdings, Inc.'s Class A Stock as of December 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 15,929,201 shares of Nextdoor Holdings, Inc. Class A Stock.
• This represents 6.5% of the Class A Stock outstanding.
• BlackRock holds sole voting power over 15,655,434 shares and sole dispositive power over 15,929,201 shares.
• No shared voting or dispositive power was reported by BlackRock.
• The filing was made by BlackRock, Inc. and its Reporting Business Units, disaggregating ownership from other business units as per SEC Release No. 34-39538.
• Several BlackRock subsidiaries, including BlackRock Advisors, LLC and BlackRock Fund Advisors, are identified as potentially owning 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant passive ownership stake by a major institutional investor, BlackRock. While not explicitly positive news, a large institutional holding can be seen as a vote of confidence in the company's long-term prospects.

Positives

• A major institutional investor, BlackRock, maintains a significant 6.5% stake in Nextdoor Holdings, Inc., indicating continued institutional interest.

Future Outlook

NA

Management Comments

• BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Nextdoor Holdings, Inc., nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This Schedule 13G filing indicates that BlackRock, a global investment management corporation, holds a significant passive stake in Nextdoor Holdings, Inc. Such filings are routine disclosures by institutional investors when their beneficial ownership in a public company exceeds 5%, demonstrating their investment positions without intending to influence or change control of the issuer. This provides transparency to the market regarding major institutional holdings.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by BlackRock may instill confidence among existing and potential shareholders, signaling a belief in the company's value.
• Management: Awareness of a large institutional holder like BlackRock can influence management's strategic decisions and focus on long-term value creation.

Next Steps

• BlackRock, Inc. will continue to monitor its beneficial ownership in Nextdoor Holdings, Inc. and file subsequent amendments to Schedule 13G as required by SEC regulations.

Key Dates

Keywords

Nextdoor Holdings, BlackRock, Schedule 13G, beneficial ownership, Class A Stock, institutional investment, SEC filing, 65345M108