Form 4: Nextdoor GC Sells 40,000 Shares Under 10b5-1 Plan

Nextdoor Holdings General Counsel Sophia Schwartz sold 40,000 shares of Class A Common Stock for $2.1239 per share on September 15, 2025, under a pre-arranged 10b5-1 plan.

Summary

• Sophia Schwartz, General Counsel and Secretary of Nextdoor Holdings, Inc. (NXDR), reported a sale of company stock.
• The transaction involved 40,000 shares of Class A Common Stock.
• The shares were sold at a price of $2.1239 per share.
• The sale occurred on September 15, 2025.
• Following this transaction, Sophia Schwartz beneficially owns 321,580 shares of Class A Common Stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on May 20, 2025.

Sentiment

Score: 4

Explanation: While insider selling can be viewed negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns about opportunistic timing, suggesting a planned liquidity event rather than a reaction to adverse company-specific news. However, it still represents a reduction in insider ownership.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 plan, indicating a planned transaction rather than a reaction to immediate company news.

Negatives

• An insider sale, even under a 10b5-1 plan, can sometimes be perceived negatively by investors as it reduces management's direct equity stake.

Future Outlook

N/A. This Form 4 filing reports a past transaction and does not provide any forward-looking statements or guidance.

Industry Context

N/A. This filing is a standard insider transaction report and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, though the 10b5-1 plan suggests a pre-planned liquidity event.

Key Dates

Keywords

Nextdoor Holdings, NXDR, Insider Trading, Form 4, Sophia Schwartz, Stock Sale, 10b5-1 Plan, Corporate Officer, Equity Transaction