Nextdoor director converts 60,975 RSUs to shares
Nextdoor Holdings, Inc. director Elisa Steele acquired 60,975 shares of Class A Common Stock through the vesting and conversion of restricted stock units.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. director Elisa Steele acquired 60,975 shares of Class A Common Stock through the vesting and conversion of restricted stock units. Following this RSU conversion, she holds a total of 250,747 shares directly. The RSU award vests in two equal installments tied to continued service.
Insider Trade Summary
60,975 shares exercised/converted
Exercise
2 txns
Insider
Steele Elisa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 60,975 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 60,975 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (RSU) — 0 units (Direct);
Class A Common Stock — 250,747 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. The RSU award vests with respect to 1/2 of the shares subject to the RSU award on July 3, 2025 and with respect to the remaining 1/2 of the shares subject to the RSU award on July 3, 2026, in each case, subject to the reporting person's continued service to the Issuer through each such date.
- F3. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs converted: 60,975 shares
Shares held after transaction: 250,747 shares
First vesting date: July 3, 2025
+2 more
5 metrics
RSUs converted
60,975 shares
Restricted stock units converted to Class A Common Stock
Shares held after transaction
250,747 shares
Direct holdings following RSU conversion
First vesting date
July 3, 2025
Vesting of one-half of RSU award
Second vesting date
July 3, 2026
Vesting of remaining one-half of RSU award
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents one share of Class A Common Stock
Key Terms
Restricted Stock Units (RSU), contingent right, Class A Common Stock, vests, +1 more
5 terms
Restricted Stock Units (RSU) financial
"The RSU award vests with respect to 1/2 of the shares subject to the RSU award on July 3, 2025..."
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."
Class A Common Stock financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vests financial
"The RSU award vests with respect to 1/2 of the shares... on July 3, 2025 and... on July 3, 2026..."
cancelled prior to the vesting date financial
"These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nextdoor (NXDR) director Elisa Steele report?
Elisa Steele reported acquiring 60,975 shares of Class A Common Stock through the exercise and conversion of restricted stock units. This was a compensation-related equity vesting event, not an open-market stock purchase or sale, and increased her directly held share position.
What type of equity award did Elisa Steele exercise at Nextdoor (NXDR)?
Elisa Steele exercised and converted restricted stock units, or RSUs, into 60,975 shares of Class A Common Stock. Each RSU represented a contingent right to receive one share, subject to vesting conditions linked to her continued service with the company.
How do Elisa Steele’s Nextdoor (NXDR) RSUs vest over time?
The RSU award vests in two equal installments: one-half of the shares on July 3, 2025, and the remaining half on July 3, 2026. Each vesting tranche requires Steele’s continued service with Nextdoor through the respective vesting date to receive the underlying shares.
Do Elisa Steele’s restricted stock units at Nextdoor (NXDR) have an expiration date?
The restricted stock units do not have a traditional expiration date; instead, they either vest or are cancelled before the vesting date. This means their outcome depends on meeting vesting conditions, including continued service, rather than a fixed option-style expiration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
