Form 4: Nextdoor Holdings Executive Exercises Stock Options, Converts Class B Shares to Class A

Michael Kiernan, Chief Revenue Officer of Nextdoor Holdings, exercised stock options and converted Class B Common Stock to Class A Common Stock on April 9, 2025.

Summary

• On April 9, 2025, Michael Kiernan, the Chief Revenue Officer of Nextdoor Holdings, Inc., executed transactions involving the company's stock.
• Kiernan exercised stock options to acquire 99,639 shares of Class B Common Stock at a price of $1.18 per share.
• Simultaneously, Kiernan converted 99,639 shares of Class B Common Stock into 99,639 shares of Class A Common Stock.
• Following these transactions, Kiernan directly owns 288,272 shares of Class A Common Stock and no shares of Class B Common Stock.
• Kiernan also holds 0 derivative securities after the transaction.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a key executive at Nextdoor Holdings.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares of Class A and Class B common stock.

Key Dates

Keywords

Nextdoor Holdings, KIND, Michael Kiernan, Stock Options, Class A Common Stock, Class B Common Stock, Conversion, Form 4, SEC Filing, Chief Revenue Officer