Form 4: Nextdoor Director Christopher Varelas Acquires Stock Options
SEC Form 4 Filing
Christopher Varelas, a director of Nextdoor Holdings, Inc., acquired stock options for 8,239 shares of Class A Common Stock on May 1, 2024.
Summary
- On May 1, 2024, Christopher Varelas, a director of Nextdoor Holdings, Inc., acquired stock options to purchase 8,239 shares of Class A Common Stock at an exercise price of $2.12.
- The options vest immediately and expire on May 1, 2034.
- These securities are held by Mr. Varelas for the benefit of entities affiliated with Riverwood Capital GP II Ltd., and he is obligated to transfer the underlying shares or proceeds as directed by Riverwood.
- Mr. Varelas disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock option grants, indicating a neutral 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 the interests of management with those of shareholders.
Stakeholder Impact
- The stock option grant aligns the director's interests with shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Christopher Varelas acquired stock options. |
| 05/01/2024 | Date exercisable: Stock options are immediately exercisable. |
| 05/01/2034 | Expiration date: Stock options expire. |
| 05/03/2024 | Date of report. |
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