Form 4: Nextdoor CEO Tolia Reports Routine Stock Transactions

Nextdoor Holdings CEO and President Nirav N Tolia reported the acquisition of Class A Common Stock through RSU vesting and subsequent disposition of shares for tax withholding.

Summary

• Nirav N Tolia, CEO and President, Director, and 10% Owner of Nextdoor Holdings, Inc. (NXDR), reported transactions on January 15, 2026.
• Tolia acquired a total of 358,252 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.
• Following these acquisitions, Tolia disposed of 127,567 shares and 17,758 shares of Class A Common Stock, totaling 145,325 shares, at a price of $1.96 per share to cover tax withholding obligations.
• After these transactions, Tolia's direct beneficial ownership of Class A Common Stock stands at 1,531,733 shares.
• Tolia also beneficially owns 2,818,137 and 541,504 Restricted Stock Units (RSUs) which represent contingent rights to receive Class A Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to RSU vesting and tax withholding, which are standard compensation events and do not indicate a significant positive or negative shift in company fundamentals or management sentiment.

Positives

• The vesting of 358,252 Restricted Stock Units (RSUs) indicates Nirav N Tolia's continued service to Nextdoor Holdings, Inc. and an increase in his equity stake.
• The acquisition of shares at a $0 price through RSU vesting represents a direct increase in Tolia's beneficial ownership without personal cash outlay for the acquisition.

Negatives

• The disposition of 145,325 shares of Class A Common Stock, valued at $1.96 per share, for tax withholding purposes reduces Nirav N Tolia's direct share count.

Future Outlook

The filing indicates ongoing vesting schedules for Restricted Stock Units (RSUs) on a quarterly basis (January 15, April 15, July 15, and October 15) over four years, subject to the reporting person's continued service.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies, and does not provide specific insights into broader industry trends or competitive landscape for Nextdoor Holdings, Inc.

Stakeholder Impact

• Shareholders: The transactions represent a routine change in insider ownership, with a slight reduction in direct shares due to tax withholding, which is a common occurrence and generally has minimal impact on the broader shareholder base.
• Employees: The RSU vesting demonstrates the company's compensation structure for executives, which may be consistent with broader employee equity programs.

Next Steps

• Continued quarterly vesting of Restricted Stock Units (RSUs) on January 15, April 15, July 15, and October 15 of each calendar year, subject to Nirav N Tolia's continued service.

Key Dates

Keywords

Nextdoor Holdings, NXDR, Nirav N Tolia, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Disposition, Tax Withholding, Beneficial Ownership