Form 4: Nextdoor Director Christopher Varelas Acquires Stock Options

Christopher Varelas, a director of Nextdoor Holdings, Inc., acquired stock options for 8,239 shares of Class A Common Stock on March 1, 2024.

Summary

• On March 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 $2.18.
• The options are exercisable immediately and expire on March 1, 2034.
• The shares are held for the benefit of entities affiliated with Riverwood Capital GP II Ltd., and Mr. Varelas 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 SEC filing related to 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 management's interests with those of shareholders.

Stakeholder Impact

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

Key Dates