Nextdoor (NYSE: NXDR) CAO sells 13,935 shares under 10b5-1 plan
Rhea-AI Filing Summary
Nextdoor Holdings, Inc. Chief Accounting Officer How Antoinette reported multiple stock transactions tied to restricted stock unit (RSU) vesting and a subsequent sale. On January 15, 2026, several RSU awards converted into Class A common stock at an exercise price of $0, with some of the newly issued shares withheld at $1.96 per share to cover taxes. On January 16, 2026, the reporting person sold 13,935 shares of Class A common stock at an average price of $1.9465 per share under a Rule 10b5-1 trading plan adopted on June 2, 2025. After these transactions, the reporting person directly owned 18,270 shares of Class A common stock and 94,787 RSUs representing rights to receive additional shares, subject to service-based vesting schedules.
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FAQ
What insider transaction did Nextdoor (NXDR) report in this Form 4?
The filing reports that How Antoinette, Chief Accounting Officer of Nextdoor Holdings, Inc., sold 13,935 shares of Class A common stock on January 16, 2026 at an average price of $1.9465 per share, following RSU vesting transactions the prior day.
Were the Nextdoor (NXDR) insider share sales made under a Rule 10b5-1 plan?
Yes. The filing states that the sale of shares on January 16, 2026 was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 2, 2025, which is intended to meet the affirmative defense conditions under Rule 10b5-1.
How many Nextdoor (NXDR) RSUs vested and were exercised in this Form 4?
On January 15, 2026, multiple RSU grants converted into Class A common stock, including tranches of 6,568, 3,112, 7,347, another 7,347, and 9,479 RSUs. Each RSU represents a contingent right to receive one share of Class A common stock, subject to the stated vesting schedules.
How many Nextdoor (NXDR) shares does the insider own after these transactions?
After the reported transactions, the filing shows the reporting person directly owned 18,270 shares of Nextdoor Class A common stock and held 94,787 restricted stock units (RSUs), which may convert into additional shares as they vest.
How were taxes handled on the vested RSUs for Nextdoor (NXDR)?
For each RSU vesting on January 15, 2026, a portion of the resulting shares was disposed of with transaction code "F" at a price of $1.96 per share. This indicates that shares were withheld to satisfy tax withholding obligations associated with the RSU vesting.
What are the vesting terms of the RSU awards reported by the Nextdoor (NXDR) insider?
The footnotes explain that the RSU awards vest in quarterly installments over one to three years, on January 15, April 15, July 15, and October 15 of specified years. Vesting is conditioned on the reporting person’s continued service to Nextdoor on each vesting date, and the RSUs do not expire but either vest or are cancelled before vesting.
What is the role of How Antoinette at Nextdoor (NXDR) in this Form 4?
The reporting person, How Antoinette, is identified as an officer of Nextdoor Holdings, Inc., serving as the company’s Chief Accounting Officer, and is not listed as a director or 10% owner in this filing.