NXDR insider notice: In-kind distributed shares listed for sale via Raymond James
Rhea-AI Filing Summary
Nextdoor Holdings (NXDR) submitted a Form 144 disclosing a proposed sale of 62,693 Class A shares through Raymond James, with an aggregate market value of $115,355.12. The filing lists the approximate date of sale as 08/13/2025 and shows total shares outstanding of 239,445,147, indicating the notice concerns a small parcel relative to the outstanding share count.
The securities were recorded as acquired on 11/07/2024 via an In-Kind Equity Distribution from Shasta Ventures; the table also shows a date of payment: 09/18/2009 and nature of payment: Cash as entered in the form. The filer reports Nothing to Report for securities sold in the past three months and includes the standard representation that they do not know of any material nonpublic adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small, disclosed proposed sale of 62,693 Class A shares; filing is compliance-focused and appears immaterial to market.
The Form 144 reports a proposed sale of 62,693 shares with an aggregate market value of $115,355.12, to be executed through Raymond James on 08/13/2025. With 239,445,147 shares outstanding, the disclosed block represents a negligible fraction of outstanding equity. The filing shows the shares were acquired via an in-kind equity distribution from Shasta Ventures on 11/07/2024. No sales were reported in the prior three months. From a market-impact perspective, the amounts disclosed are small and the filing primarily satisfies disclosure requirements.
TL;DR: The disclosure follows required insider sale notice protocols; the form includes the standard nonpublic information attestation.
The document contains the required Seller representation that they do not possess undisclosed material adverse information. It identifies the broker (Raymond James & Associates) and specifies the acquisition origin as Shasta Ventures. The absence of reported sales in the prior three months and the inclusion of acquisition details indicate procedural compliance with Rule 144 notice requirements rather than governance concerns based on the information provided.