Form 4: Nextdoor Director Christopher Varelas Acquires Stock Options

Christopher Varelas, a director of Nextdoor Holdings, Inc., acquired 8,240 stock options at an exercise price of $2.53 on June 3, 2024.

Summary

• On June 3, 2024, Christopher Varelas, a director of Nextdoor Holdings, Inc., acquired 8,240 stock options.
• The exercise price for these options is $2.53.
• The options are exercisable immediately and expire on June 3, 2034.
• The underlying securities are Class A Common Stock.
• These securities are held by Mr. Varelas for the benefit of entities affiliated with Riverwood Capital GP II Ltd.
• Mr. Varelas is obligated to transfer the underlying shares or proceeds as directed by Riverwood and disclaims beneficial ownership except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding stock option grants, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock option grants to a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock option grants are a standard form of compensation for directors and executives in publicly traded companies.
• The terms of the options, such as the exercise price and expiration date, are typical for such grants.
• Companies like Meta, Alphabet, and Amazon also use stock options as part of their compensation packages for directors and executives.

Stakeholder Impact

• The acquisition of stock options by a director can align their interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates