NXDR insider files Form 144 to sell 13,484 RSU shares valued at $29,260
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. (ticker NXDR) filed a Form 144 notifying the proposed sale of 13,484 common shares, with an aggregate market value of $29,260.28. The shares represent restricted stock units acquired from the issuer on 10/15/2023. The filer indicates approximately 239,445,147 shares outstanding for the class and lists an approximate sale date of 09/17/2025 on the NYSE via Morgan Stanley Smith Barney LLC. The filing reports no securities sold by the filer in the past three months and includes the standard representation that the selling person is not aware of undisclosed material adverse information.
Positive
- Filing provides specific transaction details including number of shares, aggregate value, acquisition date, and intended sale date
- Shares to be sold were acquired as Restricted Stock Units from the issuer, indicating standard employee equity vesting rather than third-party transfer
- The filer states no sales in the prior three months, simplifying Rule 144 aggregation and compliance calculations
Negative
- None.
Insights
TL;DR The Form 144 discloses a small planned sale of RSU-derived shares; impact on float and liquidity is immaterial.
The filing concerns 13,484 shares worth $29,260.28, which is a de minimis amount versus the reported 239.4 million shares outstanding. As this arises from restricted stock units granted by the issuer and there were no sales in the prior three months, the disclosure appears routine and consistent with Rule 144 reporting for an insider or other restricted holder seeking to liquidate vested equity. Using Morgan Stanley Smith Barney LLC as broker is typical for such transactions. There is no financial performance data or indication of material company developments included in the notice.
TL;DR This is a standard compliance filing for planned sale of vested RSUs; it raises no governance or disclosure red flags.
The filer documents acquisition via Restricted Stock Units from the issuer on 10/15/2023 and provides the required representation about material non-public information. The absence of prior three-month sales simplifies aggregation considerations under Rule 144. The filing contains customary broker information and a specific intended sale date, supporting transparency around insider liquidity. No unexpected governance concerns or procedural omissions are evident in the submitted fields.