Form 4: Nextdoor CFO Exercises RSUs and Sells Shares for Tax Obligations

Nextdoor Holdings, Inc.'s CFO and Treasurer, Matthew S. Anderson, acquired 142,967 shares of Class A Common Stock through RSU vesting and simultaneously sold 62,592 shares to cover tax liabilities.

Summary

• Matthew S. Anderson, the Chief Financial Officer and Treasurer of Nextdoor Holdings, Inc. (KIND), reported multiple transactions on July 15, 2025.
• He acquired 23,919 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.
• Concurrently, he disposed of 10,472 shares of Class A Common Stock at a price of $1.78 per share to cover tax withholding obligations related to the RSU vesting.
• Following these initial transactions, his direct beneficial ownership of Class A Common Stock was 693,989 shares.
• Additionally, he acquired another 119,048 shares of Class A Common Stock through the vesting of a separate RSU award, also at an exercise price of $0.
• He then disposed of 52,120 shares of Class A Common Stock at a price of $1.78 per share to cover tax withholding obligations for this second RSU vesting.
• After all reported transactions, his direct beneficial ownership of Class A Common Stock stands at 760,917 shares.
• Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
• One RSU award vests in nine equal quarterly installments on January 15, April 15, July 15, and October 15 of each calendar year, with the first vesting on January 15, 2024.
• A second RSU award vests in eight equal quarterly installments on January 15, April 15, July 15, and October 15 of each calendar year, with the first vesting on April 15, 2025.

Sentiment

Score: 6

Explanation: The transactions reflect the routine vesting of executive compensation (Restricted Stock Units) and subsequent sales to cover tax liabilities, which is a common and expected occurrence. The net effect is an increase in the insider's direct ownership, aligning their interests with shareholders.

Positives

• The vesting of 142,967 Restricted Stock Units (RSUs) indicates the fulfillment of compensation milestones for the CFO, reflecting ongoing executive compensation.
• The acquisition of shares through RSU vesting increases the CFO's direct beneficial ownership in the company by a net of 80,375 shares (142,967 acquired minus 62,592 sold for taxes), further aligning his interests with shareholders.

Negatives

• The disposition of 62,592 shares of Class A Common Stock, although for tax withholding purposes, represents a reduction in the CFO's direct equity holdings from the vested amount.

Future Outlook

The document indicates future vesting events for the remaining Restricted Stock Units (RSUs) on a quarterly basis (January 15, April 15, July 15, and October 15) as long as the reporting person remains in service to the Issuer.

Industry Context

NA

Stakeholder Impact

• The transactions demonstrate the ongoing compensation structure for the CFO, which can be viewed positively by shareholders as it aligns management's interests with the company's performance through equity ownership.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units (RSUs) on January 15, April 15, July 15, and October 15, subject to continued service.

Key Dates

Keywords

Nextdoor Holdings, KIND, Form 4, Insider Trading, RSU, Restricted Stock Units, Stock Vesting, Tax Withholding, Matthew S. Anderson, CFO, Treasurer