Form 4: Nextdoor Director J. William Gurley Reports Routine Stock Transactions and New RSU Grant

Nextdoor Holdings, Inc. Director and 10% Owner J. William Gurley reported the vesting of previously granted restricted stock units (RSUs) and the acquisition of new RSUs, a common compensation practice.

Summary

• J. William Gurley, a Director and 10% Owner of Nextdoor Holdings, Inc. (KIND), reported transactions on June 10, 2025.
• Gurley acquired 68,627 shares of Class A Common Stock through the exercise/conversion of derivative securities (RSUs) at a price of $0.
• Concurrently, 68,627 Restricted Stock Units (RSUs) were disposed of as they vested and converted into common stock.
• A new grant of 106,707 Restricted Stock Units (RSUs) was acquired by Gurley.
• Following these transactions, Gurley directly beneficially owns 68,627 shares of Class A Common Stock and 106,707 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document reports routine insider compensation activities (RSU vesting and grant), which are neutral in sentiment as they represent standard operational aspects of a public company's compensation structure.

Positives

• The vesting of 68,627 RSUs indicates a successful fulfillment of prior compensation agreements.
• The grant of 106,707 new RSUs aligns the director's incentives with the long-term performance of the company, subject to continued service.

Risks

• The vesting of the newly granted RSUs is subject to J. William Gurley's continued service to Nextdoor Holdings, Inc. through the applicable vesting dates.

Future Outlook

The newly granted 106,707 Restricted Stock Units are expected to vest on the earlier of the 2026 annual meeting of stockholders or June 10, 2026, contingent on continued service.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, specifically related to compensation through Restricted Stock Units. Such filings are standard practice for publicly traded companies and their executives/directors, reflecting ongoing compensation and incentive alignment.

Stakeholder Impact

• Shareholders: These transactions represent a component of director compensation, aligning the director's interests with shareholder value through equity ownership, contingent on continued service.

Next Steps

• The newly granted 106,707 Restricted Stock Units are scheduled to vest on the earlier of the 2026 annual meeting or June 10, 2026, subject to continued service.

Key Dates

Keywords

Nextdoor Holdings, KIND, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Grant, Vesting, J. William Gurley, Director, 10% Owner