[Form 4/A] Nextdoor Holdings, Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Lisowski Craig reported acquisition or exercise transactions in this Form 4 filing.
Nextdoor Holdings reported that its President of Products, Craig Lisowski, received new equity awards in the form of performance stock units (PSUs) and restricted stock units (RSUs). The filing shows grants covering 663,129 PSUs and 663,129 RSUs, each tied to the company’s Class A common stock.
The PSUs are a contingent right to shares, vesting only if specified stock price performance targets are met during a performance period from March 5, 2026 to January 15, 2030, and if Lisowski remains employed. Depending on performance, between 0% and 200% of the 663,129 target shares may ultimately vest, with potential annual vesting on January 15 starting in 2027 and any unearned PSUs forfeiting on January 15, 2030.
The RSUs represent a right to receive one share of Class A common stock per unit, subject solely to continued service. They vest in sixteen equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each year, beginning April 15, 2026. Any RSUs that do not vest are cancelled rather than expiring on a set date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units (PSU) | 663,129 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (RSU) | 663,129 | $0.00 | -- |
Footnotes (1)
- The performance stock units ("PSUs") represent a contingent right to receive shares of the Issuer's Class A Common Stock, subject to the achievement of applicable performance criteria and the reporting person's continued service to the Issuer through the later of: (i) the date such achievement is certified. or (ii) the scheduled vesting date. The number of shares that will vest, if any, is contingent on achievement of the relevant Performance Targets (defined below), with the potential for the reporting person to earn a number of shares between 0% and 200% of the numbers reflected in the row above. The grant details reported in the row above represent the number of shares that may vest and be earned based on achievement of all Performance Targets at 100%. The PSU award is subject to a service-based vesting schedule and performance criteria relating to the achievement of four escalating stock price targets (the "Performance Targets") during a performance period beginning on March 5, 2026 and ending January 15, 2030 (the "Performance Period"). Subject to achievement of the relevant Performance Target and the Reporting Person's continued service to the Issuer through the applicable vesting date, the award shall vest annually in four installments on the 15th calendar day of January, with the first tranche capable of vesting on January 15, 2027. To the extent the relevant performance criteria are not achieved (i.e., achieved at 0%), the PSUs comprising this award will expire and be forfeited on January 15, 2030. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject only to continued service to the Issuer, as described in footnote 5 below. The RSU award vests in sixteen equal quarterly installments over four years on January 15, April 15, July 15 and October 15 of each calendar year, with the first such vesting event on April 15, 2026, subject to the reporting person's continued service to the Issuer on each vesting date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
