Form 4: Nextdoor Holdings Director Jason Pressman Reports In-Kind Distribution of Class A Common Stock

Jason Pressman, a director of Nextdoor Holdings, reported an in-kind distribution of Class A Common Stock by Shasta Ventures II, L.P. and SVII GP, LLC to their respective partners and members.

Summary

• On November 7, 2024, Jason Pressman, a director of Nextdoor Holdings, filed a Form 4 detailing changes in beneficial ownership.
• The filing reports an in-kind distribution of Class A Common Stock by Shasta Ventures II, L.P. and SVII GP, LLC.
• Shasta Ventures II distributed 8,360,232 shares of Class A Common Stock to its partners.
• SVII GP, LLC distributed 1,697,128 shares of Class A Common Stock to its members.
• Pressman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• The transactions were made in accordance with exemptions under the Securities Exchange Act of 1934.
• Pressman also indirectly owns 1,357,387 shares of Class A Common Stock through a trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The in-kind distribution may have a minor impact on shareholders due to the change in ownership structure.

Key Dates