Nextdoor (NXDR) Form 3: Officer Discloses Options and RSUs Through 2033
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. (NXDR) reported an initial Form 3 filing for Craig Lisowski showing direct ownership and equity awards tied to his officer role. The filing lists 1,237,435 shares of Class A common stock held directly and a portfolio of stock options and restricted stock units (RSUs) that convert to Class A or Class B shares. Several option tranches are exercisable between 2025 and 2033 and RSUs vest quarterly over one, two and three years starting April 15, 2025.
Positive
- Significant direct ownership: Reporting person holds 1,237,435 Class A shares, indicating alignment with shareholders.
- Substantial incentive awards: Stock options and RSUs aggregate into multi-year vested/effected holdings, linking compensation to long-term service through 2033.
Negative
- None.
Insights
TL;DR: Officer holds meaningful equity and multi-year incentive awards; disclosure is routine but signals alignment with shareholders.
The Form 3 documents Craig Lisowski's direct holding of 1,237,435 Class A shares plus options totaling approx. 1.9 million underlying shares across multiple grants and RSUs aggregating over 1.8 million Class A shares. These awards span vesting schedules through 2033 and include both Class A and Class B conversion profiles. For investors this confirms management ownership and multi-year incentive structure, but does not present new operational or financial data.
TL;DR: Disclosure meets Section 16 requirements and shows standard executive compensation vesting schedules tied to service.
The filing is an initial beneficial ownership statement that properly itemizes direct holdings, vested options, and time-vesting RSUs with explicit quarterly vesting start dates on April 15, 2025. The mix of immediate vested options and multi-year RSUs is consistent with retention and incentive practices. No delegation, pledging, or derivative hedging arrangements are disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (5)
- F1. The stock option award is fully vested and exercisable.
- F2. The restricted stock unit ("RSU") award vests in equal quarterly installments over one year on January 15, April 15, July 15, and October 15, with the first such vesting event on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- F3. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- F4. The RSU award vests in equal quarterly installments over two years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
- F5. The RSU award vests in equal quarterly installments over three years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting date on April 15, 2025, subject to the reporting person's continued service to the Issuer on each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
