Nextdoor (NYSE: NXDR) director exercises 106,707 RSUs and receives new 85,365-unit grant
Rhea-AI Filing Summary
Nextdoor Holdings director Jason Pressman reported equity compensation activity. He exercised 106,707 restricted stock units into the same number of Class A common shares at a stated price of $0.00 per share, bringing his direct holdings to 181,869 shares. He also received a new grant of 85,365 RSUs, each representing one future share, vesting around the 2027 annual stockholder meeting subject to continued service. Additional shares are held indirectly, including 1,357,387 shares by a trust where he is trustee and 137,429 shares by SVII GP, whose managing members, including Pressman, collectively make voting and dispositive decisions and where he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 106,707 shares
Net Buy
5 txns
Insider
Pressman Jason
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 106,707 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units (RSU) | 85,365 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 106,707 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 85,365 shares (Direct);
Class A Common Stock — 181,869 shares (Direct);
Class A Common Stock — 137,429 shares (Indirect, By Shasta Ventures II GP, LLC);
Class A Common Stock — 1,357,387 shares (Indirect, By Trust)
Footnotes (6)
- F1. The shares are held directly by SVII GP. Voting and dispositive decisions with respect to the shares held by SVII GP are made collectively by the managing members of SVII GP, including the reporting person. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.
- F2. The shares are held by a trust of which the Reporting Person is the trustee.
- F3. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4. The entire RSU award vested or vests on the earlier of the (a) date of the 2026 annual meeting of the Issuer's stockholders or (b) June 10, 2026, in each case subject to the reporting person's continued service to Issuer through the applicable vesting date.
- F5. These RSUs do not expire; they either vest or are cancelled prior to the vesting date.
- F6. The RSU award will vest on the earlier of (a) the date of the 2027 annual meeting of the Issuer's stockholders and (b) June 9, 2027, in each case, subject to the reporting person's continued service to the Issuer through the applicable vesting date.
Key Figures
RSUs exercised: 106,707 units
New RSU grant: 85,365 units
Direct shares after exercise: 181,869 shares
+3 more
6 metrics
RSUs exercised
106,707 units
Converted into Class A common stock on June 9, 2026
New RSU grant
85,365 units
Award of RSUs each representing one Class A share
Direct shares after exercise
181,869 shares
Class A common stock held directly following transactions
Trust-held shares
1,357,387 shares
Indirect holdings by a trust where Pressman is trustee
SVII GP-held shares
137,429 shares
Held by SVII GP; decisions made by managing members including Pressman
Exercise price per share
$0.00
Stated price for the 106,707-share RSU exercise
Key Terms
Restricted Stock Units (RSU), pecuniary interest, dispositive decisions, managing members, +1 more
5 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest"
dispositive decisions financial
"Voting and dispositive decisions with respect to the shares held by SVII GP"
managing members financial
"made collectively by the managing members of SVII GP, including the reporting person"
trustee financial
"The shares are held by a trust of which the Reporting Person is the trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Nextdoor (NXDR) director Jason Pressman report in this Form 4?
Jason Pressman reported equity compensation changes, not open-market trading. He exercised 106,707 restricted stock units (RSUs) into Class A shares and received a new grant of 85,365 RSUs, all as part of his director compensation structure.
What new RSU award did Jason Pressman receive from Nextdoor (NXDR)?
He received 85,365 restricted stock units, each equal to one Class A share. This RSU award vests on the earlier of Nextdoor’s 2027 annual stockholder meeting or June 9, 2027, subject to his continued service to the company through the vesting date.
When do Jason Pressman’s RSUs in Nextdoor (NXDR) vest or expire?
One RSU award vests on the earlier of the 2026 annual stockholder meeting or June 10, 2026. The new 2027 award vests on the earlier of the 2027 meeting or June 9, 2027. The RSUs do not expire; they either vest or are cancelled before vesting.