Form 4: Nextdoor CRO Increases Stake via RSU Vesting

Nextdoor Holdings, Inc.'s Chief Revenue Officer, Michael Kiernan, increased his direct beneficial ownership by 50,914 shares of Class A Common Stock following RSU vesting and tax-related dispositions.

Summary

• Michael Kiernan, Chief Revenue Officer of Nextdoor Holdings, Inc. (NXDR), reported transactions on October 15, 2025, related to the vesting of Restricted Stock Units (RSUs).
• Acquired a total of 89,797 shares of Class A Common Stock at an exercise price of $0 through the conversion of RSUs.
• Disposed of 38,883 shares of Class A Common Stock at a price of $2.09 per share to cover tax withholding obligations.
• The net effect of these transactions resulted in an increase of 50,914 shares in direct beneficial ownership.
• Following these transactions, Michael Kiernan directly beneficially owns 450,094 shares of Class A Common Stock.
• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While there were dispositions, they were for tax purposes related to RSU vesting, which is a non-discretionary event. The net increase in beneficial ownership indicates the executive's continued equity stake in the company.

Positives

• Michael Kiernan's direct beneficial ownership of Class A Common Stock increased by 50,914 shares, demonstrating continued stake in the company.
• The transactions were pre-planned under a Rule 10b5-1(c) plan, indicating a structured approach to equity management rather than discretionary selling.

Negatives

• A total of 38,883 shares were disposed of at $2.09 per share to satisfy tax withholding obligations, representing a reduction in the total shares received from vesting.

Future Outlook

The reporting person has remaining Restricted Stock Units (RSUs) that will continue to vest in quarterly installments on January 15, April 15, July 15, and October 15, subject to continued service to the Issuer.

Industry Context

This filing is a routine insider transaction report and does not provide specific information related to broader industry trends or competitors for Nextdoor Holdings, Inc.

Stakeholder Impact

• Shareholders may view the Chief Revenue Officer's continued and increasing equity stake as a positive sign of alignment with shareholder interests, even if the increase is due to RSU vesting.

Next Steps

• Continued vesting of remaining RSU awards on future quarterly dates (January 15, April 15, July 15, October 15).

Key Dates

Recommendation

The filing details routine insider transactions related to RSU vesting and tax withholding, which are typically pre-planned and non-discretionary. These transactions do not signal a change in the company's fundamental outlook or the insider's long-term conviction, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Nextdoor Holdings, NXDR, Michael Kiernan, Chief Revenue Officer, CRO, Insider Transaction, Form 4, RSU Vesting, Stock Ownership, Equity Compensation