SCHEDULE: Vanguard Discloses 5.53% Stake in Nextdoor Holdings Inc

The Vanguard Group reported a 5.53% beneficial ownership stake in Nextdoor Holdings Inc, a routine disclosure of its passive investment.

Summary

• The Vanguard Group beneficially owns 13,542,920 shares of Nextdoor Holdings Inc's Common Stock.
• This ownership represents 5.53% of the class of securities.
• The Vanguard Group holds shared voting power over 1,752,767 shares and shared dispositive power over 13,542,920 shares.
• An internal realignment occurred on January 12, 2026, where The Vanguard Group, Inc. ceased performing portfolio management services or administering proxy voting.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. are expected to report beneficial ownership separately (on a disaggregated basis).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of beneficial ownership by a large institutional investor. The internal realignment within Vanguard is a procedural matter for the reporting entity, not directly impacting Nextdoor's operational sentiment.

Positives

• Continued significant ownership by a major institutional investor like The Vanguard Group can be seen as a vote of confidence in Nextdoor Holdings Inc.

Negatives

• No direct negatives for Nextdoor Holdings Inc are presented in this routine ownership disclosure.

Future Outlook

The filing indicates that certain subsidiaries or business divisions of The Vanguard Group, Inc. will report beneficial ownership separately in the future, following an internal realignment.

Management Comments

• The Vanguard Group certified that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of Nextdoor Holdings Inc.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors like The Vanguard Group, indicating significant but non-controlling ownership stakes. This filing reflects Vanguard's ongoing portfolio management activities rather than a strategic shift related to Nextdoor Holdings Inc. The internal realignment within Vanguard is a procedural change for the reporting entity, not directly impacting Nextdoor's operations or strategy.

Comparison to Industry Standards

• StockSavvy.ai observes that The Vanguard Group, as a prominent asset manager, typically holds passive stakes across a broad range of public companies, aligning with its index-tracking or broad market investment strategies. This 5.53% stake in Nextdoor Holdings Inc is consistent with such a strategy, similar to holdings by other large passive fund managers like BlackRock or State Street in various publicly traded technology or social media companies.

Stakeholder Impact

• Shareholders of Nextdoor Holdings Inc benefit from the transparency of significant institutional holdings, which can signal market confidence and liquidity.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. are anticipated to report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538.

Key Dates

Keywords

Nextdoor Holdings Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment