Nextdoor Holdings Inc SEC Filings

Nextdoor Holdings (NXDR) filed its Q3 2025 10‑Q, reporting steady top-line growth and improved profitability metrics. Revenue was $68.9 million, up 5% year over year, while net loss narrowed to $12.9 million from $14.9 million. Adjusted EBITDA turned positive at $4.4 million versus a $1.3 million loss a year ago as operating costs declined modestly and sales and marketing spend eased.

User trends were mixed: Platform WAU was 21.6 million (down 3%), but Platform ARPU rose to $3.19 (up 8%), reflecting stronger monetization per active user. Total costs and expenses were $86.1 million, slightly lower year over year, with research and development higher and sales and marketing lower. The company ended the quarter with $403.3 million in cash, cash equivalents, and marketable securities, and year-to-date operating cash flow improved to a use of $3.0 million. Nextdoor recorded $5.6 million in Q3 restructuring charges tied to its cost reduction plan and repurchased 8.4 million shares year to date for $14.5 million. Securities litigation progressed procedurally, with a prior dismissal granted and a renewed motion to dismiss the amended complaint pending.

Nextdoor Holdings (NXDR) reported two updates: it furnished an investor update and press release announcing financial results for the quarter ended September 30, 2025, and it appointed Indrajit Ponnambalam as Chief Financial Officer and Treasurer effective December 1, 2025. The company also held a conference call on November 5, 2025 to discuss results.

Mr. Ponnambalam’s compensation includes an initial annual base salary of $550,000 and equity awards under the 2021 Equity Incentive Plan. He will receive restricted stock units valued at approximately $3.2 million, vesting quarterly over four years, and performance stock units valued at $3 million, subject to performance-based vesting set by the compensation committee. The number of shares for each award will be based on the average closing sale price over the two relevant calendar months surrounding the effective date. He has also entered into the company’s standard indemnity and change in control/severance agreements.

The Q3 2025 investor update (Exhibit 99.1) and press releases (Exhibits 99.2 and 99.3) were furnished, not filed, under the Exchange Act.

Nextdoor Holdings, Inc. (NXDR) insider transaction: the company’s General Counsel and Secretary sold 40,000 shares of Class A common stock at $1.9215 per share on November 3, 2025. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2025.

After this transaction, the reporting person beneficially owns 304,193 shares held directly.

Nextdoor Holdings, Inc. disclosed a Schedule 13G showing that Sumitomo Mitsui Trust Group, Inc. and Amova Asset Management Co., Ltd. beneficially own 13,660,830 shares of Class A common stock, representing 5.7% of the class as of 09/30/2025.

The reporting persons report shared voting power: 13,660,830 and shared dispositive power: 13,660,830, with no sole voting or dispositive power. They certify the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control. The filing notes affiliation to subsidiary Amova Asset Management Americas, Inc.

Nextdoor Holdings (NXDR) reported an insider equity transaction by its President of Products on 10/15/2025. Multiple RSU tranches were settled into Class A common stock: 33,575, 178,572 and 72,675 shares at an exercise price of $0. To cover taxes, shares were withheld at $2.09 in amounts of 17,050, 90,679 and 36,905.

Following these transactions, the reporting person directly owned 1,377,623 shares. The RSU awards vest in equal quarterly installments over one, two, and three years, respectively, with the first vesting date on April 15, 2025.

Nextdoor Holdings (NXDR) reported insider activity by its CEO and President, who is also a Director and 10% Owner. On 10/15/2025, restricted stock units vested and converted into Class A shares, and shares were withheld to cover taxes.

The insider acquired 313,126 and 45,125 shares upon RSU vesting at $0, and had tax-withholding dispositions of 123,216 and 17,757 shares at $2.09. Following these transactions, direct ownership stood at 1,318,806 Class A shares.

Nextdoor Holdings (NXDR) reported insider activity by its Chief Revenue Officer on 10/15/2025. Multiple RSU tranches vested (code M) converting into Class A shares, and shares were withheld to cover taxes (code F) at $2.09 per share. Following these transactions, the officer directly owns 450,094 Class A shares.

The RSU activity included conversions tied to quarterly vesting schedules. As context, RSUs vest on January 15, April 15, July 15, and October 15 under specified grant terms, with remaining RSU balances shown in the derivative table.

Nextdoor Holdings (NXDR) reported an insider transaction on a Form 4 by its General Counsel and Secretary. On 10/15/2025, the officer had RSUs vest and executed a sale under a Rule 10b5-1 plan.

Two RSU tranches converted to common stock: 19,707 shares and 91,666 shares (both at $0 exercise). Shares were withheld to cover taxes: 8,628 shares at $2.09 and 40,132 shares at $2.09. The insider also sold 40,000 shares at $2.0749. Following these transactions, the insider directly beneficially owned 344,193 shares.

The sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2025. RSUs vest quarterly, subject to continued service.

Nextdoor Holdings (NXDR) reported insider activity by its Chief Accounting Officer. On October 16, 2025, the officer sold 15,633 Class A shares at $2.0057 per share pursuant to a Rule 10b5-1 plan adopted on June 2, 2025.

On October 15, 2025, multiple RSU conversions to Class A common stock were reported (coded “M”), with share withholdings for taxes (coded “F”) at $2.09 per share. Following these transactions, direct beneficial ownership stood at 44,586 shares.